Beverly And Elias Klein Family Foundation Inc
EIN: 262947643 · Myrtle Beach, SC · NTEE: T22
| Metric | Value |
|---|---|
| Total Revenue | $25K |
| Total Expenses | $21K |
| Net Assets | $490K |
Is Beverly And Elias Klein Family Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Beverly And Elias Klein Family Foundation Inc
Beverly And Elias Klein Family Foundation Inc (EIN: 262947643) is a nonprofit organization based in Myrtle Beach, SC, classified under NTEE code T22. The organization reported total revenue of $25K and total assets of $489K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Beverly And Elias Klein Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Beverly And Elias Klein Family Foundation Inc is a micro nonprofit that has been operating for 17 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5K |
| Total Expenses | $21K |
| Surplus / Deficit | $-15,650 |
| Total Assets | $490K |
| Total Liabilities | $1 |
| Net Assets | $490K |
| Operating Margin | -313.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 284.8 months |
Financial Health Grade: B
In 2023, Beverly And Elias Klein Family Foundation Inc reported a deficit of $16K with expenses exceeding revenue, holds 284.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), Beverly And Elias Klein Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -98.3% | -9.0% | +4.4% |
| 2022 | +1162.8% | +131.5% | +139.2% |
| 2021 | +569.7% | +0.4% | +7.5% |
| 2020 | -96.5% | +37.7% | -3.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Beverly And Elias Klein Family Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Beverly And Elias Klein Family Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $16K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Beverly And Elias Klein Family Foundation Inc
Is Beverly And Elias Klein Family Foundation Inc a legitimate charity?
Beverly And Elias Klein Family Foundation Inc (EIN: 262947643) is a registered tax-exempt nonprofit based in South Carolina. It has 11 years of IRS 990 filings on record. Total revenue: $25K. No red flags identified. Financial health grade: B.
How does Beverly And Elias Klein Family Foundation Inc spend its money?
Beverly And Elias Klein Family Foundation Inc reported $25K in total revenue in IRS 990 filings. 11 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Beverly And Elias Klein Family Foundation Inc tax-deductible?
Beverly And Elias Klein Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 262947643). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Beverly And Elias Klein Family Foundation Inc located?
Beverly And Elias Klein Family Foundation Inc is headquartered in Myrtle Beach, South Carolina and files with the IRS under EIN 262947643. It is classified under NTEE code T22.
How many years of IRS 990 filings does Beverly And Elias Klein Family Foundation Inc have?
Beverly And Elias Klein Family Foundation Inc has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $25K in total revenue.
Filing History
IRS 990 filing history for Beverly And Elias Klein Family Foundation Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Beverly And Elias Klein Family Foundation Inc's revenue has grown by 0%, moving from $5K to $5K. Total assets increased by 14975.5% over the same period, from $3K to $490K. Total functional expenses rose by 528.2%, from $3K to $21K. In its most recent filing year (2023), Beverly And Elias Klein Family Foundation Inc reported a deficit of $16K, with expenses exceeding revenue. The organization holds $1 in liabilities against $490K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $490K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5K | $21K | $490K | $1 | — | — |
| 2022 | $296K | $23K | $470K | $1 | — | View 990 |
| 2021 | $23K | $10K | $196K | $1 | — | View 990 |
| 2020 | $4K | $10K | $183K | $1 | — | View 990 |
| 2019 | $100K | $7K | $189K | $0 | — | View 990 |
| 2016 | $0 | $0 | $1K | $0 | — | — |
| 2015 | $0 | $7K | $1K | $0 | — | View 990 |
| 2014 | $6K | $3K | $3K | $0 | — | View 990 |
| 2013 | $6K | $5K | $6K | $0 | — | View 990 |
| 2012 | $6K | $5K | $4K | $0 | — | View 990 |
| 2011 | $5K | $3K | $3K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5K, expenses of $21K, and assets of $490K (revenue -98.3% year-over-year).
- 2022: Revenue of $296K, expenses of $23K, and assets of $470K (revenue +1162.8% year-over-year).
- 2021: Revenue of $23K, expenses of $10K, and assets of $196K (revenue +569.7% year-over-year).
- 2020: Revenue of $4K, expenses of $10K, and assets of $183K (revenue -96.5% year-over-year).
- 2019: Revenue of $100K, expenses of $7K, and assets of $189K.
- 2016: Revenue of $0, expenses of $0, and assets of $1K.
- 2015: Revenue of $0, expenses of $7K, and assets of $1K (revenue -100.0% year-over-year).
- 2014: Revenue of $6K, expenses of $3K, and assets of $3K (revenue +0.0% year-over-year).
- 2013: Revenue of $6K, expenses of $5K, and assets of $6K (revenue +0.0% year-over-year).
- 2012: Revenue of $6K, expenses of $5K, and assets of $4K (revenue +20.0% year-over-year).
- 2011: Revenue of $5K, expenses of $3K, and assets of $3K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Beverly And Elias Klein Family Foundation Inc:
Data Sources and Methodology
This transparency report for Beverly And Elias Klein Family Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.