Louis & Rose Klosk Fund Uw L Klost T 7002
Louis & Rose Klosk Fund consistently spends more than it earns, drawing down its asset base.
EIN: 136328994 · Chicago, IL · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $475K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $5.0M |
| Transparency Score | 65/100 |
Is Louis & Rose Klosk Fund Uw L Klost T 7002 Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Louis & Rose Klosk Fund Uw L Klost T 7002 directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Louis & Rose Klosk Fund Uw L Klost T 7002
Louis & Rose Klosk Fund Uw L Klost T 7002 (EIN: 136328994) is a nonprofit organization based in Chicago, IL. The organization reported total revenue of $1.9M and total assets of $5.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Louis & Rose Klosk Fund Uw L Klost T 7002's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Louis & Rose Klosk Fund Uw L Klost T 7002 is a mid-size nonprofit that has been operating for 55 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $359K |
| Total Expenses | $475K |
| Surplus / Deficit | $-116,081 |
| Total Assets | $5.0M |
| Total Liabilities | $1 |
| Net Assets | $5.0M |
| Operating Margin | -32.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 126.1 months |
Financial Health Grade: B
In 2023, Louis & Rose Klosk Fund Uw L Klost T 7002 reported a deficit of $116K with expenses exceeding revenue, holds 126.1 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), Louis & Rose Klosk Fund Uw L Klost T 7002's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +524.2% | +20.4% | -2.1% |
| 2022 | -90.1% | -0.5% | -6.2% |
| 2021 | +89.6% | +3.8% | +3.5% |
| 2020 | -41.5% | +1.9% | -1.4% |
| 2019 | +247.8% | +13.4% | +1.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1971 |
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 Louis & Rose Klosk Fund Uw L Klost T 7002 with a Mission Score of 65 out of 100 (Good). 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, Louis & Rose Klosk Fund Uw L Klost T 7002 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $116K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees are compensated, which is highly efficient for an organization with assets nearing $5 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.
Red Flags
The following concerns were identified during AI analysis of Louis & Rose Klosk Fund Uw L Klost T 7002's IRS 990 filings:
- Consistent negative net revenue (expenses exceeding revenue) in 8 out of 10 reported periods, including 2023 ($474,676 expenses vs. $358,595 revenue) and 2022 ($394,277 expenses vs. $57,449 revenue).
- Significant fluctuation and occasional sharp drops in annual revenue, such as from $579,102 in 2021 to $57,449 in 2022.
- Lack of NTEE code or detailed expense breakdown in the provided data makes it difficult to assess programmatic efficiency and mission alignment.
Strengths
The following positive indicators were identified for Louis & Rose Klosk Fund Uw L Klost T 7002:
- Zero officer compensation reported across all filings, indicating highly efficient executive management costs.
- Maintains a substantial asset base of nearly $5 million, providing a strong financial foundation.
- Consistently low liabilities ($0 or $1) across all reported periods, suggesting sound debt management.
Frequently Asked Questions about Louis & Rose Klosk Fund Uw L Klost T 7002
Is Louis & Rose Klosk Fund Uw L Klost T 7002 a legitimate charity?
Louis & Rose Klosk Fund Uw L Klost T 7002 (EIN: 136328994) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.9M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Louis & Rose Klosk Fund Uw L Klost T 7002 spend its money?
Louis & Rose Klosk Fund Uw L Klost T 7002 directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Louis & Rose Klosk Fund Uw L Klost T 7002 tax-deductible?
Louis & Rose Klosk Fund Uw L Klost T 7002 is registered as a tax-exempt nonprofit (EIN: 136328994). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Louis & Rose Klosk Fund Uw L Klost T 7002 CEO make?
Louis & Rose Klosk Fund Uw L Klost T 7002's highest-compensated officer earns $5 annually. The organization reported $1.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Louis & Rose Klosk Fund Uw L Klost T 7002's spending goes to programs?
Louis & Rose Klosk Fund Uw L Klost T 7002 directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Louis & Rose Klosk Fund Uw L Klost T 7002 located?
Louis & Rose Klosk Fund Uw L Klost T 7002 is headquartered in Chicago, Illinois and files with the IRS under EIN 136328994.
How many years of IRS 990 filings does Louis & Rose Klosk Fund Uw L Klost T 7002 have?
Louis & Rose Klosk Fund Uw L Klost T 7002 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 $1.9M in total revenue.
What are the specific program activities funded by the Louis & Rose Klosk Fund?
The provided data does not specify the NTEE code or detailed program service expenses, making it difficult to ascertain the specific program activities. Further investigation into their 990 forms' Schedule O or Part III would be necessary.
Why have expenses frequently exceeded revenue for this organization?
The organization's expenses have exceeded revenue in 8 out of the 10 provided filings (e.g., 2023, 2022, 2020). This could be due to a strategy of spending down assets for charitable purposes, poor investment performance, or inconsistent fundraising/contribution cycles. Without detailed financial statements, the exact reasons are unclear.
Is the decline in assets a concern for the organization's long-term viability?
The asset base has declined from $5,464,888 in 2011 to $4,989,464 in 2023. While still substantial, a continued trend of expenses exceeding revenue could erode the principal over time, potentially impacting the fund's ability to sustain its charitable activities in the long run.
Filing History
IRS 990 filing history for Louis & Rose Klosk Fund Uw L Klost T 7002 showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Louis & Rose Klosk Fund Uw L Klost T 7002's revenue has grown by 29.7%, moving from $276K to $359K. Total assets decreased by 8.7% over the same period, from $5.5M to $5.0M. Total functional expenses rose by 35.5%, from $350K to $475K. In its most recent filing year (2023), Louis & Rose Klosk Fund Uw L Klost T 7002 reported a deficit of $116K, with expenses exceeding revenue. The organization holds $1 in liabilities against $5.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $359K | $475K | $5.0M | $1 | — | View 990 |
| 2022 | $57K | $394K | $5.1M | $1 | — | View 990 |
| 2021 | $579K | $396K | $5.4M | $1 | — | — |
| 2020 | $305K | $382K | $5.3M | $1 | — | — |
| 2019 | $522K | $375K | $5.3M | $1 | — | View 990 |
| 2015 | $150K | $331K | $5.3M | $0 | — | View 990 |
| 2014 | $304K | $321K | $5.4M | $0 | — | View 990 |
| 2013 | $347K | $333K | $5.4M | $0 | — | View 990 |
| 2012 | $274K | $321K | $5.4M | $0 | — | View 990 |
| 2011 | $276K | $350K | $5.5M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $359K, expenses of $475K, and assets of $5.0M (revenue +524.2% year-over-year).
- 2022: Revenue of $57K, expenses of $394K, and assets of $5.1M (revenue -90.1% year-over-year).
- 2021: Revenue of $579K, expenses of $396K, and assets of $5.4M (revenue +89.6% year-over-year).
- 2020: Revenue of $305K, expenses of $382K, and assets of $5.3M (revenue -41.5% year-over-year).
- 2019: Revenue of $522K, expenses of $375K, and assets of $5.3M (revenue +247.8% year-over-year).
- 2015: Revenue of $150K, expenses of $331K, and assets of $5.3M (revenue -50.5% year-over-year).
- 2014: Revenue of $304K, expenses of $321K, and assets of $5.4M (revenue -12.4% year-over-year).
- 2013: Revenue of $347K, expenses of $333K, and assets of $5.4M (revenue +26.5% year-over-year).
- 2012: Revenue of $274K, expenses of $321K, and assets of $5.4M (revenue -0.8% year-over-year).
- 2011: Revenue of $276K, expenses of $350K, and assets of $5.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Louis & Rose Klosk Fund Uw L Klost T 7002:
Data Sources and Methodology
This transparency report for Louis & Rose Klosk Fund Uw L Klost T 7002 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.