Lenore & Howard Klein Foundation Inc
Lenore & Howard Klein Foundation maintains stable assets with no officer compensation, operating with fluctuating annual surpluses and deficits.
EIN: 133673818 · Greenwich, CT · Updated: 2026-03-28
Is Lenore & Howard Klein Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lenore & Howard Klein Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lenore & Howard Klein Foundation Inc
Lenore & Howard Klein Foundation Inc (EIN: 133673818) is a nonprofit organization based in Greenwich, CT. The organization reported total revenue of $164K and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lenore & Howard Klein Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lenore & Howard Klein Foundation Inc is a small nonprofit that has been operating for 34 years, with 9 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $203K |
| Total Expenses | $220K |
| Surplus / Deficit | $-17,318 |
| Total Assets | $2.7M |
| Total Liabilities | $1 |
| Net Assets | $2.7M |
| Operating Margin | -8.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 149.6 months |
Financial Health Grade: B
In 2023, Lenore & Howard Klein Foundation Inc reported a deficit of $17K with expenses exceeding revenue, holds 149.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2023), Lenore & Howard Klein Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +94.1% | +36.1% | -0.6% |
| 2022 | -66.2% | -2.2% | -2.0% |
| 2021 | +52.6% | -20.7% | +8.4% |
| 2020 | +55.6% | +23.5% | -8.2% |
| 2015 | -70.4% | -10.6% | -1.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 Lenore & Howard Klein Foundation Inc with a Mission Score of 85 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Lenore & Howard Klein Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $17K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a volunteer-led or very lean operational structure, allowing more funds to be directed towards its charitable activities.
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 Lenore & Howard Klein Foundation Inc's IRS 990 filings:
- NTEE Code Unknown: Lack of specific NTEE code makes it difficult to pinpoint the exact charitable focus and compare efficiency with similar organizations.
- Consistent Annual Deficits: In several recent years (e.g., 2023, 2022, 2020), expenses exceeded revenue, though this is not uncommon for foundations drawing from an endowment.
Strengths
The following positive indicators were identified for Lenore & Howard Klein Foundation Inc:
- No Officer Compensation: 0% officer compensation across all filings indicates high efficiency in directing funds to charitable purposes.
- Stable Asset Base: Assets have consistently remained around $2.7 million over a decade, demonstrating financial stability and long-term planning.
- Minimal Liabilities: Consistently reporting $1 in liabilities indicates very low financial risk and sound debt management.
- Long Filing History: Nine filings available provide a comprehensive view of the organization's financial trends over time.
Frequently Asked Questions about Lenore & Howard Klein Foundation Inc
Is Lenore & Howard Klein Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lenore & Howard Klein Foundation Inc (EIN: 133673818) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Lenore & Howard Klein Foundation Inc spend its money?
Lenore & Howard Klein Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lenore & Howard Klein Foundation Inc tax-deductible?
Lenore & Howard Klein Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133673818). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the primary purpose or mission of the Lenore & Howard Klein Foundation Inc.?
Based on the available IRS 990 data, the organization operates as a private foundation, typically engaged in grant-making. However, the specific NTEE code is unknown, so the exact charitable focus (e.g., education, arts, health) is not detailed in this summary.
How does the foundation manage its assets to ensure long-term sustainability?
The foundation has consistently maintained assets around $2.7 million over the past decade, ranging from $2,597,407 in 2020 to $2,869,231 in 2014. This stability, despite annual fluctuations in revenue and expenses, suggests a conservative investment strategy aimed at preserving its endowment for future grant-making.
Are there any significant financial risks for this organization?
The primary financial risk, common for foundations, is market volatility impacting investment returns, which could affect the asset base. However, the consistent asset level over time suggests this risk is managed. The foundation also consistently reports minimal liabilities ($1 in recent years), indicating low debt risk.
Filing History
IRS 990 filing history for Lenore & Howard Klein Foundation Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2023), Lenore & Howard Klein Foundation Inc's revenue has grown by 162.9%, moving from $77K to $203K. Total assets increased by 0.7% over the same period, from $2.7M to $2.7M. Total functional expenses rose by 21.8%, from $181K to $220K. In its most recent filing year (2023), Lenore & Howard Klein Foundation Inc reported a deficit of $17K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $203K | $220K | $2.7M | $1 | — | — |
| 2022 | $104K | $161K | $2.8M | $1 | — | View 990 |
| 2021 | $309K | $165K | $2.8M | $1 | — | View 990 |
| 2020 | $202K | $208K | $2.6M | $1 | — | View 990 |
| 2015 | $130K | $169K | $2.8M | $0 | — | View 990 |
| 2014 | $440K | $189K | $2.9M | $0 | — | View 990 |
| 2013 | $166K | $179K | $2.6M | $0 | — | View 990 |
| 2012 | $70K | $160K | $2.6M | $0 | — | View 990 |
| 2011 | $77K | $181K | $2.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $203K, expenses of $220K, and assets of $2.7M (revenue +94.1% year-over-year).
- 2022: Revenue of $104K, expenses of $161K, and assets of $2.8M (revenue -66.2% year-over-year).
- 2021: Revenue of $309K, expenses of $165K, and assets of $2.8M (revenue +52.6% year-over-year).
- 2020: Revenue of $202K, expenses of $208K, and assets of $2.6M (revenue +55.6% year-over-year).
- 2015: Revenue of $130K, expenses of $169K, and assets of $2.8M (revenue -70.4% year-over-year).
- 2014: Revenue of $440K, expenses of $189K, and assets of $2.9M (revenue +164.8% year-over-year).
- 2013: Revenue of $166K, expenses of $179K, and assets of $2.6M (revenue +136.6% year-over-year).
- 2012: Revenue of $70K, expenses of $160K, and assets of $2.6M (revenue -8.9% year-over-year).
- 2011: Revenue of $77K, expenses of $181K, and assets of $2.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lenore & Howard Klein Foundation Inc:
Data Sources and Methodology
This transparency report for Lenore & Howard Klein 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.