Quick charity verification for The Klump Family Foundation Inc (EIN: 205756777)
Verdict: The Klump Family Foundation Inc appears trustworthy
85/100Mission Score
$18.8MRevenue
$20.7MAssets
3Red Flags
4Strengths
Red Flags
Lack of detailed program spending breakdown in provided data
Unusually low expense ratio relative to revenue, potentially indicating significant asset hoarding without clear immediate program deployment
Consistent 0% officer compensation for an organization with over $20M in assets, which could mask other forms of compensation or indicate a lack of professional management.
Strengths
Strong asset growth, from $64,375 in 2011 to $22,547,425 in 2023
Very low operational expenses relative to revenue, indicating efficient financial management
No reported officer compensation, suggesting a volunteer-driven or highly cost-efficient leadership structure
Spending Breakdown
How The Klump Family 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
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 The Klump Family Foundation Inc
Is The Klump Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Klump Family Foundation Inc (EIN: 205756777) appears trustworthy. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.
Is The Klump Family Foundation Inc a good charity to donate to?
The Klump Family Foundation Inc has a Mission Score of 85/100. Revenue: $18.8M. Assets: $20.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Klump Family Foundation Inc?
The Employer Identification Number (EIN) for The Klump Family Foundation Inc is 205756777. 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 The Klump Family Foundation Inc spend its money?
The Klump Family Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Klump Family Foundation Inc's tax-exempt status?
You can verify The Klump Family Foundation Inc's tax-exempt status using EIN 205756777 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 Klump Family Foundation Inc demonstrates strong financial health, consistently growing its assets over the past decade, from $64,375 in 2011 to $22,547,425 in 2023. The organization's revenue has also shown significant growth, with the latest reported revenue at $18,753,277. A key characteristic of this foundation is its extremely low expense ratio relative to its revenue, particularly in recent years. For instance, in 2023, expenses were $1,757,087 against revenue of $6,882,172, indicating a substantial portion of revenue is retained or invested rather than spent on operations or programs in the same year. This suggests a focus on endowment building and long-term grantmaking capacity.
The foundation's spending efficiency appears high in terms of operational overhead, as evidenced by the low expense figures. However, without a detailed breakdown of program service expenses versus administrative and fundraising costs, it's challenging to fully assess the efficiency of its program delivery. The consistent reporting of 0% officer compensation across all filings indicates a volunteer-led or very lean executive structure, which contributes to lower administrative costs. The organization's consistent filing of IRS Form 990s over a decade demonstrates a commitment to transparency regarding its financial activities.