Quick charity verification for Klein Family Foundation (EIN: 134092608)
Verdict: Klein Family Foundation appears trustworthy
90/100Mission Score
$19.9MRevenue
$46.1MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Strong asset base, consistently over $44 million.
Zero reported officer compensation across all filings, indicating high efficiency.
Minimal to no liabilities, demonstrating excellent financial health.
Consistent IRS 990 filing history, showing transparency and compliance.
As a private foundation, its primary function is grant-making, inherently program-focused.
Spending Breakdown
How Klein Family Foundation allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Klein Family Foundation
Is Klein Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Klein Family Foundation (EIN: 134092608) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Klein Family Foundation a good charity to donate to?
Klein Family Foundation has a Mission Score of 90/100. Revenue: $19.9M. Assets: $46.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Klein Family Foundation?
The Employer Identification Number (EIN) for Klein Family Foundation is 134092608. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Klein Family Foundation spend its money?
Klein Family Foundation allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Klein Family Foundation's tax-exempt status?
You can verify Klein Family Foundation's tax-exempt status using EIN 134092608 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Klein Family Foundation appears to be a well-established private foundation with substantial assets, consistently maintaining over $44 million in assets across its filing history. Its financial health is robust, with assets significantly outweighing liabilities, which have been minimal or non-existent in recent years. The foundation's revenue and expenses fluctuate year-to-year, typical for a grant-making entity, but it generally operates with a healthy financial cushion.
Spending efficiency is difficult to precisely determine without a detailed breakdown of program service expenses versus administrative and fundraising costs within the provided data. However, as a private foundation, its primary function is grant-making, which is inherently program-focused. The absence of officer compensation reported across all filings suggests a lean operational structure, potentially indicating high efficiency in directing funds towards its mission. The foundation's consistent filing of IRS Form 990 over ten periods demonstrates a commitment to regulatory compliance and transparency.
Overall, the Klein Family Foundation exhibits strong financial stability and a clear operational model as a grant-making entity. The lack of reported officer compensation is a notable positive indicator of its dedication to maximizing resources for its charitable purpose. While specific program spending ratios are not provided, the nature of a private foundation implies a high proportion of expenses are directed towards grants.