Klingenstein Foundation
Klingenstein Foundation's assets have declined by over 75% in a decade, with recent negative revenue.
EIN: 136077894 · New Canaan, CT · NTEE: T20 · Updated: 2026-03-28
Is Klingenstein Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Klingenstein Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Klingenstein Foundation
Klingenstein Foundation (EIN: 136077894) is a nonprofit organization based in New Canaan, CT, classified under NTEE code T20. The organization reported total revenue of $73K and total assets of $877K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Klingenstein Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Klingenstein Foundation is a micro nonprofit that has been operating for 58 years, with 9 years of IRS 990 filings on record (2011–2022).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -380.7% | +90.2% | -28.5% |
| 2021 | -32.9% | -82.6% | -10.4% |
| 2020 | +3.4% | +1.2% | -3.2% |
| 2019 | +207.5% | -43.5% | -44.0% |
| 2015 | -98.0% | -26.4% | -6.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1968 |
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 Klingenstein Foundation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Klingenstein Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are not paid or are compensated through other means not reflected as officer compensation, which is unusual for an organization of its former asset size but aligns with its current smaller scale.
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 Klingenstein Foundation's IRS 990 filings:
- Significant and consistent decline in total assets over the past decade (from $3.5M to $0.8M).
- Negative revenue reported in the latest filing period ($-174,991 in 202212).
- Expenses frequently exceeding revenue in multiple filing periods, indicating an unsustainable financial model.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary data.
Strengths
The following positive indicators were identified for Klingenstein Foundation:
- Consistently low liabilities ($0 or $1) indicating minimal debt.
- Consistent filing of IRS Form 990s, demonstrating basic compliance.
- Reported 0% officer compensation, suggesting a lean approach to executive pay.
Frequently Asked Questions about Klingenstein Foundation
Is Klingenstein Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Klingenstein Foundation (EIN: 136077894) significant concerns. Mission Score: 45/100. 4 red flags identified, 3 strengths noted.
How does Klingenstein Foundation spend its money?
Klingenstein Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Klingenstein Foundation tax-deductible?
Klingenstein Foundation is registered as a tax-exempt nonprofit (EIN: 136077894). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the significant decline in assets from $3.5 million in 2011 to $877,087 currently?
The provided data shows a consistent year-over-year decrease in assets, with expenses often exceeding revenue in several periods (e.g., 202012, 201912, 201512, 201212), and a substantial negative revenue in 202212, contributing to the asset depletion.
Why did the Klingenstein Foundation report negative revenue of $-174,991 in the 202212 period?
Negative revenue typically indicates significant losses from investments, asset sales below cost, or substantial returns of contributions, which would require further investigation into the detailed financial statements to understand the specific cause.
How does the foundation sustain its operations with such volatile and sometimes negative revenue?
The foundation appears to be drawing down its asset base to cover expenses in periods of low or negative revenue. This strategy is not sustainable long-term without a significant reversal in revenue trends.
What are the specific program activities and their associated costs, given the lack of detailed expense breakdown?
The provided summary data does not offer a detailed breakdown of program expenses, making it difficult to assess the nature and impact of the foundation's charitable activities. Further review of the full IRS Form 990 would be necessary.
Filing History
IRS 990 filing history for Klingenstein Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2022), Klingenstein Foundation's revenue has declined by 132.5%, moving from $538K to $-174,991. Total assets decreased by 65.3% over the same period, from $3.5M to $1.2M. Total functional expenses fell by 79.6%, from $252K to $52K. The organization holds $1 in liabilities against $1.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $-174,991 | $52K | $1.2M | $1 | — | View 990 |
| 2021 | $62K | $27K | $1.7M | $1 | — | View 990 |
| 2020 | $93K | $156K | $1.9M | $1 | — | View 990 |
| 2019 | $90K | $154K | $2.0M | $1 | — | View 990 |
| 2015 | $29K | $273K | $3.5M | $1 | — | View 990 |
| 2014 | $1.5M | $372K | $3.8M | $0 | — | View 990 |
| 2013 | $485K | $385K | $3.2M | $1 | — | View 990 |
| 2012 | $-25,027 | $269K | $3.2M | $1 | — | View 990 |
| 2011 | $538K | $252K | $3.5M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $-174,991, expenses of $52K, and assets of $1.2M (revenue -380.7% year-over-year).
- 2021: Revenue of $62K, expenses of $27K, and assets of $1.7M (revenue -32.9% year-over-year).
- 2020: Revenue of $93K, expenses of $156K, and assets of $1.9M (revenue +3.4% year-over-year).
- 2019: Revenue of $90K, expenses of $154K, and assets of $2.0M (revenue +207.5% year-over-year).
- 2015: Revenue of $29K, expenses of $273K, and assets of $3.5M (revenue -98.0% year-over-year).
- 2014: Revenue of $1.5M, expenses of $372K, and assets of $3.8M (revenue +208.5% year-over-year).
- 2013: Revenue of $485K, expenses of $385K, and assets of $3.2M.
- 2012: Revenue of $-25,027, expenses of $269K, and assets of $3.2M (revenue -104.7% year-over-year).
- 2011: Revenue of $538K, expenses of $252K, and assets of $3.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Klingenstein Foundation:
Data Sources and Methodology
This transparency report for Klingenstein 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.