Klein Family Foundation
Klein Family Foundation maintains over $44M in assets with no reported officer compensation.
EIN: 134092608 · Brooklyn, NY · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $19.9M |
| Total Expenses | $2.8M |
| Program Spending | 95% |
| Net Assets | $44.3M |
| Transparency Score | 90/100 |
Is Klein Family Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Klein Family Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Klein Family Foundation
Klein Family Foundation (EIN: 134092608) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code T22. The organization reported total revenue of $19.9M and total assets of $46.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Klein Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Klein Family Foundation is a large nonprofit that has been operating for 26 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -7.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $2.8M |
| Surplus / Deficit | $-1,373,755 |
| Total Assets | $44.3M |
| Total Liabilities | $1 |
| Net Assets | $44.3M |
| Operating Margin | -98.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 191.9 months |
Financial Health Grade: B
In 2023, Klein Family Foundation reported a deficit of $1.4M with expenses exceeding revenue, holds 191.9 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), Klein Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -7.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +38.3% | +210.1% | -3.0% |
| 2022 | -64.5% | -35.2% | +0.3% |
| 2021 | +207.0% | +257.9% | +3.3% |
| 2020 | -51.2% | +20.3% | +1.2% |
| 2019 | -37.1% | -90.3% | -8.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
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 Klein 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, Klein 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 deficit of $1.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees received compensation from the foundation, which is a strong positive for resource allocation.
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 Klein Family Foundation:
- Strong asset base, consistently over $44 million.
- Zero reported officer compensation across all filings, indicating high efficiency.
- Minimal to no liabilities, demonstrating excellent financial health.
- Consistent IRS 990 filing history, showing transparency and compliance.
- As a private foundation, its primary function is grant-making, inherently program-focused.
Frequently Asked Questions about Klein Family Foundation
Is Klein Family Foundation a legitimate charity?
Klein Family Foundation (EIN: 134092608) 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: $19.9M. No red flags identified. 5 strengths noted. Financial health grade: B.
How does Klein Family Foundation spend its money?
Klein Family Foundation directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Klein Family Foundation tax-deductible?
Klein Family Foundation is registered as a tax-exempt nonprofit (EIN: 134092608). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Klein Family Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Klein Family Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Klein Family Foundation located?
Klein Family Foundation is headquartered in Brooklyn, New York and files with the IRS under EIN 134092608. It is classified under NTEE code T22.
How many years of IRS 990 filings does Klein Family Foundation have?
Klein Family Foundation 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 $19.9M in total revenue.
Is the Klein Family Foundation a good charity?
Based on the available IRS 990 data, the Klein Family Foundation appears to be a very good charity. It maintains substantial assets, has minimal liabilities, and consistently reports 0% officer compensation, suggesting a highly efficient use of funds for its charitable purpose.
How financially stable is the Klein Family Foundation?
The Klein Family Foundation is highly financially stable, with assets consistently over $44 million and minimal to no liabilities reported across all ten filings. This indicates a strong endowment and long-term capacity to fulfill its mission.
What is the Klein Family Foundation's approach to executive compensation?
The Klein Family Foundation reports 0% officer compensation in all available IRS 990 filings, indicating that its leadership does not draw salaries from the organization, which is a highly efficient and donor-friendly approach.
Filing History
IRS 990 filing history for Klein Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Klein Family Foundation's revenue has declined by 60%, moving from $3.5M to $1.4M. Total assets decreased by 2% over the same period, from $45.2M to $44.3M. Total functional expenses rose by 52.1%, from $1.8M to $2.8M. In its most recent filing year (2023), Klein Family Foundation reported a deficit of $1.4M, with expenses exceeding revenue. The organization holds $1 in liabilities against $44.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $44.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $2.8M | $44.3M | $1 | — | View 990 |
| 2022 | $1.0M | $894K | $45.7M | $1 | — | View 990 |
| 2021 | $2.9M | $1.4M | $45.6M | $1 | — | View 990 |
| 2020 | $928K | $386K | $44.1M | $1 | — | View 990 |
| 2019 | $1.9M | $320K | $43.6M | $1 | — | View 990 |
| 2015 | $3.0M | $3.3M | $47.7M | $1 | — | View 990 |
| 2014 | $4.2M | $3.5M | $48.0M | $1 | — | View 990 |
| 2013 | $4.6M | $3.5M | $47.2M | $1 | — | View 990 |
| 2012 | $3.3M | $2.3M | $46.4M | $189K | — | View 990 |
| 2011 | $3.5M | $1.8M | $45.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $2.8M, and assets of $44.3M (revenue +38.3% year-over-year).
- 2022: Revenue of $1.0M, expenses of $894K, and assets of $45.7M (revenue -64.5% year-over-year).
- 2021: Revenue of $2.9M, expenses of $1.4M, and assets of $45.6M (revenue +207.0% year-over-year).
- 2020: Revenue of $928K, expenses of $386K, and assets of $44.1M (revenue -51.2% year-over-year).
- 2019: Revenue of $1.9M, expenses of $320K, and assets of $43.6M (revenue -37.1% year-over-year).
- 2015: Revenue of $3.0M, expenses of $3.3M, and assets of $47.7M (revenue -28.4% year-over-year).
- 2014: Revenue of $4.2M, expenses of $3.5M, and assets of $48.0M (revenue -7.4% year-over-year).
- 2013: Revenue of $4.6M, expenses of $3.5M, and assets of $47.2M (revenue +38.6% year-over-year).
- 2012: Revenue of $3.3M, expenses of $2.3M, and assets of $46.4M (revenue -5.8% year-over-year).
- 2011: Revenue of $3.5M, expenses of $1.8M, and assets of $45.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Klein Family Foundation:
Data Sources and Methodology
This transparency report for Klein 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.