John And Patricia Klingenstein Fund
John And Patricia Klingenstein Fund maintains over $116 million in assets, consistently operating as a grantmaking foundation with no reported officer compensation.
EIN: 134062589 · New York, NY · NTEE: T21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.3M |
| Total Expenses | $5.3M |
| Program Spending | 95% |
| Net Assets | $116.2M |
| Transparency Score | 90/100 |
Is John And Patricia Klingenstein Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
John And Patricia Klingenstein Fund directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About John And Patricia Klingenstein Fund
John And Patricia Klingenstein Fund (EIN: 134062589) is a nonprofit organization based in New York, NY, classified under NTEE code T21. The organization reported total revenue of $8.3M and total assets of $116.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of John And Patricia Klingenstein Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
John And Patricia Klingenstein Fund is a mid-size nonprofit that has been operating for 27 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.3M |
| Total Expenses | $5.3M |
| Surplus / Deficit | $-2,062,725 |
| Total Assets | $116.2M |
| Total Liabilities | $1 |
| Net Assets | $116.2M |
| Operating Margin | -63.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 261.9 months |
Financial Health Grade: B
In 2023, John And Patricia Klingenstein Fund reported a deficit of $2.1M with expenses exceeding revenue, holds 261.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), John And Patricia Klingenstein Fund's revenue has declined at a compound annual growth rate (CAGR) of -5.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.7% | -16.0% | -1.5% |
| 2022 | -96.0% | +37.8% | -2.7% |
| 2021 | +2287.8% | -3.2% | +160.5% |
| 2020 | -18.7% | +11.9% | +6.4% |
| 2019 | -19.8% | +45.4% | +23.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates John And Patricia Klingenstein Fund with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, John And Patricia Klingenstein Fund allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive roles are either unpaid, compensated through an affiliated entity, or that the foundation operates with a volunteer or very lean, non-salaried leadership structure, which is common for private foundations.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of John And Patricia Klingenstein Fund's IRS 990 filings:
- Significant revenue volatility (e.g., $78,254,052 in 2021 vs. $3,262,728 in 2023) could indicate reliance on large, infrequent contributions or investment gains, which might not be sustainable for operational expenses if not managed well.
Strengths
The following positive indicators were identified for John And Patricia Klingenstein Fund:
- Strong program spending, as most expenses for a private foundation are direct grants.
- Excellent financial health with over $116 million in assets as of 2023.
- No reported officer compensation, suggesting a highly efficient or volunteer-led administrative structure.
- Very low liabilities, consistently reported as $1 in recent years, indicating minimal financial risk.
- Consistent grantmaking activity over more than a decade.
Frequently Asked Questions about John And Patricia Klingenstein Fund
Is John And Patricia Klingenstein Fund a legitimate charity?
John And Patricia Klingenstein Fund (EIN: 134062589) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $8.3M. 1 red flag identified. 5 strengths noted. Financial health grade: B.
How does John And Patricia Klingenstein Fund spend its money?
John And Patricia Klingenstein Fund directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to John And Patricia Klingenstein Fund tax-deductible?
John And Patricia Klingenstein Fund is registered as a tax-exempt nonprofit (EIN: 134062589). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does John And Patricia Klingenstein Fund compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), John And Patricia Klingenstein Fund is above average for NTEE category T21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is John And Patricia Klingenstein Fund located?
John And Patricia Klingenstein Fund is headquartered in New York, New York and files with the IRS under EIN 134062589. It is classified under NTEE code T21.
How many years of IRS 990 filings does John And Patricia Klingenstein Fund have?
John And Patricia Klingenstein Fund has 10 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 $8.3M in total revenue.
Is the John And Patricia Klingenstein Fund a good charity?
Based on the provided data, the John And Patricia Klingenstein Fund appears to be a well-managed private foundation. It maintains substantial assets ($116,216,807 in 2023), consistently disburses funds (expenses of $5,325,453 in 2023), and reports no officer compensation, indicating a strong focus on its mission through grantmaking.
What is the primary financial activity of this organization?
The primary financial activity of the John And Patricia Klingenstein Fund is grantmaking, as evidenced by its consistent expenses (e.g., $5,325,453 in 2023) and substantial asset base, typical for a private foundation.
How has the organization's asset base changed over time?
The organization's asset base has grown significantly, from $26,052,762 in 2011 to $116,216,807 in 2023, indicating strong financial growth and stability.
Filing History
IRS 990 filing history for John And Patricia Klingenstein Fund showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), John And Patricia Klingenstein Fund's revenue has declined by 49.1%, moving from $6.4M to $3.3M. Total assets increased by 346.1% over the same period, from $26.1M to $116.2M. Total functional expenses rose by 115.2%, from $2.5M to $5.3M. In its most recent filing year (2023), John And Patricia Klingenstein Fund reported a deficit of $2.1M, with expenses exceeding revenue. The organization holds $1 in liabilities against $116.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $116.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.3M | $5.3M | $116.2M | $1 | — | — |
| 2022 | $3.1M | $6.3M | $118.0M | $1 | — | View 990 |
| 2021 | $78.3M | $4.6M | $121.3M | $1 | — | View 990 |
| 2020 | $3.3M | $4.8M | $46.5M | $1 | — | View 990 |
| 2019 | $4.0M | $4.2M | $43.7M | $1 | — | View 990 |
| 2015 | $5.0M | $2.9M | $35.3M | $104K | — | View 990 |
| 2014 | $4.2M | $2.5M | $33.2M | $25K | — | View 990 |
| 2013 | $17.7M | $2.3M | $31.6M | $22K | — | View 990 |
| 2012 | $2.8M | $2.5M | $26.4M | $1 | — | View 990 |
| 2011 | $6.4M | $2.5M | $26.1M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.3M, expenses of $5.3M, and assets of $116.2M (revenue +4.7% year-over-year).
- 2022: Revenue of $3.1M, expenses of $6.3M, and assets of $118.0M (revenue -96.0% year-over-year).
- 2021: Revenue of $78.3M, expenses of $4.6M, and assets of $121.3M (revenue +2287.8% year-over-year).
- 2020: Revenue of $3.3M, expenses of $4.8M, and assets of $46.5M (revenue -18.7% year-over-year).
- 2019: Revenue of $4.0M, expenses of $4.2M, and assets of $43.7M (revenue -19.8% year-over-year).
- 2015: Revenue of $5.0M, expenses of $2.9M, and assets of $35.3M (revenue +20.9% year-over-year).
- 2014: Revenue of $4.2M, expenses of $2.5M, and assets of $33.2M (revenue -76.5% year-over-year).
- 2013: Revenue of $17.7M, expenses of $2.3M, and assets of $31.6M (revenue +532.1% year-over-year).
- 2012: Revenue of $2.8M, expenses of $2.5M, and assets of $26.4M (revenue -56.3% year-over-year).
- 2011: Revenue of $6.4M, expenses of $2.5M, and assets of $26.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for John And Patricia Klingenstein Fund:
Data Sources and Methodology
This transparency report for John And Patricia Klingenstein Fund 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.