How Klungness Family Foundation Inc 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 Klungness Family Foundation Inc
Is Klungness Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Klungness Family Foundation Inc (EIN: 10791882) appears trustworthy. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.
Is Klungness Family Foundation Inc a good charity to donate to?
Klungness Family Foundation Inc has a Mission Score of 90/100. Revenue: $9.0M. Assets: $5.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Klungness Family Foundation Inc?
The Employer Identification Number (EIN) for Klungness Family Foundation Inc is 10791882. 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 Klungness Family Foundation Inc spend its money?
Klungness Family Foundation Inc allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Klungness Family Foundation Inc's tax-exempt status?
You can verify Klungness Family Foundation Inc's tax-exempt status using EIN 10791882 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 Klungness Family Foundation Inc. demonstrates strong financial health, particularly in its asset growth and revenue generation. Over the past few years, the foundation has seen significant increases in revenue, jumping from $20,572 in 2015 to $2,905,256 in 2021, and its assets have grown substantially, reaching $7,754,441 in 2021. The organization consistently reports minimal liabilities ($1), indicating a very stable financial position. Spending efficiency appears high, as expenses are consistently a small fraction of revenue; for example, in 2021, expenses were $335,570 against $2,905,256 in revenue. The absence of officer compensation further suggests that a very high proportion of funds are available for programmatic activities or asset growth. The foundation's consistent filing history and minimal liabilities point to a transparent and well-managed financial operation, though without detailed expense breakdowns, the exact allocation to programs versus administrative costs remains an assumption based on the low overall expense ratio.