KIPP MEMPHIS
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$22,025,102
Government Grants
91%
Contributions
4%
Other
4%
Investments
1%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2025
$17,102,293
Salaries & Benefits
66%
Other
11%
Offices, Occupancy & IT
11%
Fees to Service Providers
10%
Depreciation
2%
Advertising & Promotion
<1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2024
2025
Change
Contributions
$537,017
$950,834
+77%
Government Grants
$24,252,561
$20,046,288
-17%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$139,770
$244,754
+75%
Other
$318,412
$783,226
+146%
Total Revenues
$25,247,760
$22,025,102
-13%
Expenses
2024
2025
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$12,887,711
$11,284,240
-12%
Fees to Service Providers
$2,040,314
$1,732,517
-15%
Advertising & Promotion
$57,713
$78,496
+36%
Offices, Occupancy & IT
$2,340,334
$1,796,063
-23%
Interest
$42,190
$19,949
-53%
Depreciation
$328,609
$391,389
+19%
Other
$2,622,493
$1,799,639
-31%
Total Expenses
$20,319,364
$17,102,293
-16%
Net income
2024
2025
Change
Net income
+$4,928,396
+$4,922,809
0%
Functional Expenses
Summary
2024
2025
Change
Program
$16,405,855
$12,931,948
-21%
Admin
$3,913,509
$4,170,345
+7%
Fundraising
$0
$0
-
Total Expenses
$20,319,364
$17,102,293
-16%
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