Is Lenore & Howard Klein Foundation Inc…

Quick charity verification for Lenore & Howard Klein Foundation Inc (EIN: 133673818)

Strengths

No Officer Compensation: 0% officer compensation across all filings indicates high efficiency in directing funds to charitable purposes.
Stable Asset Base: Assets have consistently remained around $2.7 million over a decade, demonstrating financial stability and long-term planning.
Minimal Liabilities: Consistently reporting $1 in liabilities indicates very low financial risk and sound debt management.
Long Filing History: Nine filings available provide a comprehensive view of the organization's financial trends over time.

Spending Breakdown

How Lenore & Howard Klein Foundation Inc allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Lenore & Howard Klein Foundation Inc

Is Lenore & Howard Klein Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Lenore & Howard Klein Foundation Inc (EIN: 133673818) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.

Is Lenore & Howard Klein Foundation Inc a good charity to donate to?

Lenore & Howard Klein Foundation Inc has a Mission Score of 85/100. Revenue: $164K. Assets: $2.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Lenore & Howard Klein Foundation Inc?

The Employer Identification Number (EIN) for Lenore & Howard Klein Foundation Inc is 133673818. 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 Lenore & Howard Klein Foundation Inc spend its money?

Lenore & Howard Klein Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Lenore & Howard Klein Foundation Inc's tax-exempt status?

You can verify Lenore & Howard Klein Foundation Inc's tax-exempt status using EIN 133673818 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 Lenore & Howard Klein Foundation Inc. appears to be a private foundation, as indicated by its consistent revenue and expense patterns, and the absence of officer compensation. Its financial health is stable, with assets consistently around $2.7 million over the past decade, despite fluctuations in annual revenue and expenses. For instance, in 2023, the foundation reported $202,551 in revenue against $219,869 in expenses, resulting in a slight deficit, which is not uncommon for foundations that distribute grants. The organization maintains minimal liabilities, consistently reporting $1 in recent years, suggesting sound financial management regarding debt.

Spending efficiency is difficult to fully assess without a detailed breakdown of program service expenses versus administrative and fundraising costs, which are not provided in the summary data. However, as a private foundation, its primary function is typically grant-making, which would fall under program services. The absence of officer compensation is a positive indicator of efficiency, as it means a greater proportion of funds can be directed towards its charitable purpose. Transparency is generally good given the availability of 990 filings, but a more detailed breakdown of how expenses are categorized would enhance understanding of its operational efficiency.

Overall, the foundation demonstrates consistent asset management and a clear operational model without executive compensation. Its financial stability is evident in its sustained asset base, even during periods where expenses slightly exceeded revenue, such as in 2023 and 2022. The foundation's long history of filings further contributes to its transparency.

Is Lenore & Howard Klein Foundation Inc Legit?

Verdict: Lenore & Howard Klein Foundation Inc appears trustworthy

Red Flags