Klaus Family Foundation
Klaus Family Foundation maintains stable grantmaking with fluctuating revenue and no officer compensation.
EIN: 205529710 · Atlanta, GA · NTEE: T20 · Updated: 2026-03-28
Is Klaus Family Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Klaus Family Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Klaus Family Foundation
Klaus Family Foundation (EIN: 205529710) is a nonprofit organization based in Atlanta, GA, classified under NTEE code T20. The organization reported total revenue of $1.5M and total assets of $10.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Klaus Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Klaus Family Foundation is a mid-size nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 17.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $677K |
| Surplus / Deficit | +$993K |
| Total Assets | $10.2M |
| Total Liabilities | $23K |
| Net Assets | $10.2M |
| Operating Margin | 59.5% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 180.3 months |
Financial Health Grade: A
In 2023, Klaus Family Foundation reported a surplus of $993K with revenue exceeding expenses, holds 180.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Klaus Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 17.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +89.8% | -1.3% | +11.2% |
| 2022 | +584.2% | +3.0% | +1.5% |
| 2021 | -88.0% | -2.4% | -4.1% |
| 2020 | +93.2% | -4.3% | +5.5% |
| 2019 | +78.1% | -39.5% | -11.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Klaus Family Foundation 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, Klaus Family Foundation 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 surplus of $993K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
The Klaus Family Foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership is either unpaid or compensated through other means not reported as officer compensation, which is highly efficient for a foundation of its size with assets over $10 million.
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.
Strengths
The following positive indicators were identified for Klaus Family Foundation:
- Consistent grantmaking activity, with expenses generally between $600k-$700k annually.
- Strong asset base, consistently above $9 million, providing financial stability.
- Extremely low liabilities, indicating sound financial management.
- 0% officer compensation reported across all filings, demonstrating high efficiency in administrative costs.
- Clear focus on grantmaking as a family foundation (NTEE T20).
Frequently Asked Questions about Klaus Family Foundation
Is Klaus Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Klaus Family Foundation (EIN: 205529710) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Klaus Family Foundation spend its money?
Klaus Family Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Klaus Family Foundation tax-deductible?
Klaus Family Foundation is registered as a tax-exempt nonprofit (EIN: 205529710). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the Klaus Family Foundation manage its significant revenue fluctuations?
The foundation appears to manage revenue fluctuations by drawing from its substantial asset base, which has consistently been over $9 million, allowing it to maintain stable expense levels for grantmaking despite varying annual income.
What is the primary source of the Klaus Family Foundation's revenue?
While specific sources aren't detailed in the provided summary, the significant fluctuations suggest a reliance on investment returns or large, infrequent donations, rather than a consistent stream of smaller contributions.
Does the Klaus Family Foundation engage in fundraising activities?
Given the 0% officer compensation and the nature of a family foundation, it is highly probable that the foundation does not engage in traditional public fundraising activities, relying instead on its endowment and family contributions.
Filing History
IRS 990 filing history for Klaus Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Klaus Family Foundation's revenue has grown by 615.5%, moving from $233K to $1.7M. Total assets decreased by 14.2% over the same period, from $11.9M to $10.2M. Total functional expenses rose by 0.4%, from $675K to $677K. In its most recent filing year (2023), Klaus Family Foundation reported a surplus of $993K, with revenue exceeding expenses. The organization holds $23K in liabilities against $10.2M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $10.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $677K | $10.2M | $23K | — | View 990 |
| 2022 | $880K | $686K | $9.1M | $12K | — | View 990 |
| 2021 | $129K | $666K | $9.0M | $117K | — | View 990 |
| 2020 | $1.1M | $683K | $9.4M | $17K | — | View 990 |
| 2019 | $555K | $713K | $8.9M | $1 | — | View 990 |
| 2015 | $312K | $1.2M | $10.0M | $0 | — | View 990 |
| 2014 | $422K | $702K | $10.9M | $7K | — | View 990 |
| 2013 | $224K | $680K | $11.2M | $0 | — | View 990 |
| 2012 | $506K | $701K | $11.6M | $7K | — | View 990 |
| 2011 | $233K | $675K | $11.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $677K, and assets of $10.2M (revenue +89.8% year-over-year).
- 2022: Revenue of $880K, expenses of $686K, and assets of $9.1M (revenue +584.2% year-over-year).
- 2021: Revenue of $129K, expenses of $666K, and assets of $9.0M (revenue -88.0% year-over-year).
- 2020: Revenue of $1.1M, expenses of $683K, and assets of $9.4M (revenue +93.2% year-over-year).
- 2019: Revenue of $555K, expenses of $713K, and assets of $8.9M (revenue +78.1% year-over-year).
- 2015: Revenue of $312K, expenses of $1.2M, and assets of $10.0M (revenue -26.2% year-over-year).
- 2014: Revenue of $422K, expenses of $702K, and assets of $10.9M (revenue +88.6% year-over-year).
- 2013: Revenue of $224K, expenses of $680K, and assets of $11.2M (revenue -55.7% year-over-year).
- 2012: Revenue of $506K, expenses of $701K, and assets of $11.6M (revenue +116.6% year-over-year).
- 2011: Revenue of $233K, expenses of $675K, and assets of $11.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Klaus Family Foundation:
Data Sources and Methodology
This transparency report for Klaus Family Foundation 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.