Stanley M Klein Foundation Inc
Stanley M Klein Foundation consistently spends more than it earns, drawing down assets over time.
EIN: 134036431 · Wilmington, DE · NTEE: T30 · Updated: 2026-03-28
Is Stanley M 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 →
Stanley M Klein Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Stanley M Klein Foundation Inc
Stanley M Klein Foundation Inc (EIN: 134036431) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T30. The organization reported total revenue of $163K and total assets of $685K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Stanley M Klein Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Stanley M Klein Foundation Inc is a small nonprofit that has been operating for 27 years, with 11 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -20.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $33K |
| Total Expenses | $75K |
| Surplus / Deficit | $-42,084 |
| Total Assets | $678K |
| Total Liabilities | $1 |
| Net Assets | $678K |
| Operating Margin | -126.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 108.0 months |
Financial Health Grade: B
In 2023, Stanley M Klein Foundation Inc reported a deficit of $42K with expenses exceeding revenue, holds 108.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2010–2023), Stanley M Klein Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -20.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +41.9% | +61.3% | -7.4% |
| 2022 | -60.3% | +3.1% | -2.8% |
| 2021 | +18.8% | -2.3% | +1.9% |
| 2020 | +61.6% | +0.1% | +0.5% |
| 2019 | +68.4% | -18.3% | -11.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
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 Stanley M Klein Foundation Inc 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Stanley M Klein Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $42K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting a volunteer-led organization or one where leadership is compensated through other means not reported as officer compensation, which is commendable for a foundation of this size.
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 Stanley M Klein Foundation Inc's IRS 990 filings:
- Consistent deficit spending, with expenses frequently exceeding revenue (e.g., 2023 expenses $75,301 vs. revenue $33,217).
- Significant decline in total assets over time, from $982,962 in 2011 to $677,806 in 2023, indicating asset depletion.
- Lack of clear strategy for financial sustainability given the ongoing asset drawdowns.
Strengths
The following positive indicators were identified for Stanley M Klein Foundation Inc:
- Excellent transparency with 11 IRS 990 filings available.
- 0% officer compensation reported across all filings, indicating volunteer leadership or highly efficient compensation practices.
- Low liabilities reported consistently ($0 or $1), suggesting sound financial management in terms of debt.
Frequently Asked Questions about Stanley M Klein Foundation Inc
Is Stanley M Klein Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Stanley M Klein Foundation Inc (EIN: 134036431) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Stanley M Klein Foundation Inc spend its money?
Stanley M Klein Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Stanley M Klein Foundation Inc tax-deductible?
Stanley M Klein Foundation Inc is registered as a tax-exempt nonprofit (EIN: 134036431). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the Stanley M Klein Foundation Inc sustain its operations given its consistent deficit spending?
The foundation has consistently spent more than its annual revenue, covering the difference by drawing down its asset base. For instance, in 2023, expenses were $75,301 while revenue was $33,217, resulting in a net loss of $42,084, which contributed to the decline in assets from $731,845 in 2022 to $677,806 in 2023.
What is the long-term strategy for asset management, considering the decline from $982,962 in 2011 to $677,806 in 2023?
The consistent decline in assets suggests that the foundation's spending exceeds its investment returns and contributions, leading to a gradual depletion of its endowment. Without a change in strategy, this trend is unsustainable for long-term operations.
What percentage of expenses are allocated to program services versus administrative or fundraising costs?
Based on typical private foundation operations and the absence of significant fundraising revenue, a substantial portion of expenses would likely be grants (program services) and associated administrative costs. Given the 0% officer compensation, administrative overhead appears to be managed efficiently, allowing for a higher proportion of funds to go towards programs.
Filing History
IRS 990 filing history for Stanley M Klein Foundation Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2010–2023), Stanley M Klein Foundation Inc's revenue has declined by 95.2%, moving from $689K to $33K. Total assets decreased by 34.7% over the same period, from $1.0M to $678K. Total functional expenses rose by 55.9%, from $48K to $75K. In its most recent filing year (2023), Stanley M Klein Foundation Inc reported a deficit of $42K, with expenses exceeding revenue. The organization holds $1 in liabilities against $678K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $678K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $33K | $75K | $678K | $1 | — | — |
| 2022 | $23K | $47K | $732K | $1 | — | View 990 |
| 2021 | $59K | $45K | $753K | $1 | — | View 990 |
| 2020 | $50K | $46K | $739K | $1 | — | — |
| 2019 | $31K | $46K | $736K | $1 | — | — |
| 2015 | $18K | $57K | $831K | $0 | — | View 990 |
| 2014 | $35K | $61K | $869K | $0 | — | View 990 |
| 2013 | $35K | $80K | $895K | $0 | — | View 990 |
| 2012 | $24K | $71K | $936K | $1 | — | View 990 |
| 2011 | $30K | $85K | $983K | $0 | — | View 990 |
| 2010 | $689K | $48K | $1.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $33K, expenses of $75K, and assets of $678K (revenue +41.9% year-over-year).
- 2022: Revenue of $23K, expenses of $47K, and assets of $732K (revenue -60.3% year-over-year).
- 2021: Revenue of $59K, expenses of $45K, and assets of $753K (revenue +18.8% year-over-year).
- 2020: Revenue of $50K, expenses of $46K, and assets of $739K (revenue +61.6% year-over-year).
- 2019: Revenue of $31K, expenses of $46K, and assets of $736K (revenue +68.4% year-over-year).
- 2015: Revenue of $18K, expenses of $57K, and assets of $831K (revenue -48.2% year-over-year).
- 2014: Revenue of $35K, expenses of $61K, and assets of $869K (revenue +0.4% year-over-year).
- 2013: Revenue of $35K, expenses of $80K, and assets of $895K (revenue +48.7% year-over-year).
- 2012: Revenue of $24K, expenses of $71K, and assets of $936K (revenue -20.3% year-over-year).
- 2011: Revenue of $30K, expenses of $85K, and assets of $983K (revenue -95.7% year-over-year).
- 2010: Revenue of $689K, expenses of $48K, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Stanley M Klein Foundation Inc:
Data Sources and Methodology
This transparency report for Stanley M 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.