KIPP Cooper Norcross A New Jersey Nonprofit Corporation
60 Park Pl Ste 802, Newark, NJ · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $74,146,527 | $78,113,551 | -$2,288,711 |
| FY2024 | $72,370,182 | $75,991,012 | $1,678,313 |
| FY2023 | $65,584,678 | $63,463,516 | $5,299,143 |
| FY2022 | $52,820,020 | $50,473,172 | $3,177,981 |
| FY2021 | $49,986,019 | $41,556,236 | $831,133 |
| FY2020 | $37,471,886 | $39,162,157 | -$7,598,650 |
| FY2019 | $33,754,642 | $34,916,409 | -$5,908,379 |
| FY2018 | $31,636,223 | $35,627,414 | -$1,351,768 |
| FY2017 | $23,577,991 | $21,236,382 | $2,639,423 |
| FY2016 | $15,577,590 | $14,315,025 | $297,814 |
| FY2015 | $6,350,698 | $6,810,490 | $390,374 |
| FY2014 | $1,094,615 | $247,719 | $850,166 |
| FY2013 | $3,495 | $225 | $3,270 |
| FY2012 | $0 | $0 | $0 |
Form 990 filings
The returns filed by KIPP Cooper Norcross A New Jersey Nonprofit Corporation (EIN 45-5040456), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $72,126,309 | 97% |
| Program service revenue | $68,001 | <1% |
| Other revenue | $1,952,217 | 3% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $58,021,220 | 74% |
| Management & general | $19,704,584 | 25% |
| Fundraising | $387,747 | <1% |
What the numbers show
- Contributions & grants made up 97% of total revenue in FY2025.
- Program services accounted for 74% of functional expenses, management & general 25%, and fundraising 0%.
- 74% of functional expenses went to program services in FY2025. That is higher than 18.3% of 104 Education organizations in NJ.
- Net assets covered about -0.4 months of expenses at the end of the reporting year. That puts it in the 3rd percentile among 2028 Education organizations in NJ.
- Total revenue was higher than 99.2% of 2068 Education organizations in NJ.
- Total revenue rose from $0 in FY2012 to $74,146,527 in FY2025. Revenue increased in 13 and decreased in 0 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 6 of 14 reported years (FY2015, FY2018, FY2019, FY2020, FY2024, FY2025).
- Net assets declined from $0 to -$2,288,711 between FY2012 and FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
- The IRS automatically revoked this organization's tax-exempt status on November 15, 2014.
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
THE CORPORATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF THE SECTION 501(C)(3) OF THE IRS REVENUE CODE OF 1986 TO OPRATE NONPROFIT EDUCATIONAL INSTITUTIONS IN NJ.
IRS status
| Ruling year | 2013 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B20 — Education (in NJ) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
| Automatic revocation | November 15, 2014 |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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