Kipp Philadelphia Octavius Catto Charter School
Nonprofit profile at a glance
- EIN
- 861797875
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024, Form 990-EZ 2022, Form 990-N 2021
- Location
- Philadelphia, PA, USA
- Phone
- 2674173070
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Charter Schools
Reported finances
- Revenue
- $9,504,466
- Expenses
- $10,246,739
- Assets
- $13,371,480
- Liabilities
- $17,539,770
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Highest reported compensation
- SABRINA LEGGETT (ASSISTANT PRINCIPAL): $125,671 total reported compensation
- AMANDA HILL-HENNIE (SCHOOL LEADER (AS OF 7/2024)): $88,172 total reported compensation
- MATTHEW RANKIN (SCHOOL LEADER (UNTIL 7/2024)): $82,206 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Together with families and communities, we create joyful, academically excellent schools that prepare students with the skills and confidence they need to pursue the paths they choose college, career, and beyond so they can lead fulfilling lives and build a more just world.
What it reported doing in 2024
A public school serving students in kindergarten - 3rd grade. We serve 400 students throughout philadelphia. We provide the critical resources needed to support the social-emotional health of our students, families, alumni, and staff.
Operating model
- Revenue model
- Earned-program. 73% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and assets have declined or grown slowly.
Rating breakdown
- Financial Efficiency: 73
- Transparency & Controls: 92
- Accountability: 95
- Sustainability: 30
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 84.3%; rating input score 84
- Program expense ratio: 78.1%; rating input score 78
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -7.8%; rating input score 16; 16th percentile among comparable filings
- Total-asset coverage ratio: 1.3; rating input score 46; 46th percentile among comparable filings
- Liabilities to assets ratio: 1.31; rating input score 3; 3rd percentile among comparable filings
- Officer compensation ratio: 2.9%; rating input score 70; 70th percentile among comparable filings
Growth
- Program expense growth: 23.6% per year; rating input score 100; 88th percentile among comparable filings
- Revenue growth: 44.7% per year; rating input score 100; 97th percentile among comparable filings
- Asset growth: -3.9% per year; rating input score 0; 5th percentile among comparable filings
Details
- Where the money goes: 84.3% of revenue deployed · 78.1% of spending went to programs
- Governance: 10 of 10 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $8M in reported program spending
- Leadership: top reported pay $126K · 13 people listed
- Highest-paid contractors: 5 contractors listed · $1.6M reported
- Consistency: 31 of 31 current checks pass
- Schedules: 6 filed schedules · includes major donors
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: 4 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 16/100.
- High — Growth: Asset growth scored 0/100.
- Review — Accountability: Governance controls: Document-retention policy not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 46/100.
- High — Sustainability: Liabilities to assets ratio scored 3/100.