T Klokhuis Inc
T Klokhuis Inc maintains stable finances with consistent revenue and zero officer compensation, though recent expenses slightly exceeded revenue.
EIN: 200019263 · Gillette, NJ · NTEE: B28 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $876K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $666K |
| Transparency Score | 95/100 |
Is T Klokhuis Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
T Klokhuis Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About T Klokhuis Inc
T Klokhuis Inc (EIN: 200019263) is a nonprofit organization based in Gillette, NJ, classified under NTEE code B28. The organization reported total revenue of $1.0M and total assets of $658K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of T Klokhuis Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
T Klokhuis Inc is a mid-size nonprofit that has been operating for 22 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 8.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $834K |
| Total Expenses | $876K |
| Surplus / Deficit | $-42,268 |
| Total Assets | $677K |
| Total Liabilities | $11K |
| Net Assets | $666K |
| Operating Margin | -5.1% |
| Debt-to-Asset Ratio | 1.6% |
| Months of Reserves | 9.3 months |
Financial Health Grade: B
In 2023, T Klokhuis Inc reported a deficit of $42K with expenses exceeding revenue, holds 9.3 months of operating reserves (strong position), has a debt-to-asset ratio of 1.6% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), T Klokhuis Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.5% | +4.8% | -5.1% |
| 2022 | +13.0% | +16.6% | -0.9% |
| 2021 | -2.0% | -5.2% | +9.4% |
| 2020 | -3.2% | -3.9% | +53.6% |
| 2019 | +2.4% | +10.6% | +14.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2004 |
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 T Klokhuis Inc with a Mission Score of 95 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: 90%
- fundraising: 5%
According to IRS 990 filings, T Klokhuis Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 $42K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.6%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of its size with over $1 million in latest revenue and suggests a volunteer-led or extremely lean leadership structure.
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 T Klokhuis Inc's IRS 990 filings:
- Expenses slightly exceeded revenue in the most recent filing (202306: Revenue=$833,946, Expenses=$876,214), which warrants monitoring for future sustainability.
Strengths
The following positive indicators were identified for T Klokhuis Inc:
- Consistent 0% officer compensation across all filings, indicating high efficiency and dedication of funds to mission.
- Steady growth in assets from $198,630 in 2015 to $676,651 in 2023, demonstrating strong financial management.
- Generally low liabilities relative to assets, indicating sound financial health and minimal debt burden.
- Consistent revenue generation over a decade, showing operational stability and donor support.
Frequently Asked Questions about T Klokhuis Inc
Is T Klokhuis Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, T Klokhuis Inc (EIN: 200019263) some concerns. Mission Score: 95/100. 1 red flag identified, 4 strengths noted.
How does T Klokhuis Inc spend its money?
T Klokhuis Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to T Klokhuis Inc tax-deductible?
T Klokhuis Inc is registered as a tax-exempt nonprofit (EIN: 200019263). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the T Klokhuis Inc CEO make?
T Klokhuis Inc's highest-compensated officer earns $1 annually. The organization reported $1.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of T Klokhuis Inc's spending goes to programs?
T Klokhuis Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does T Klokhuis Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), T Klokhuis Inc is above average for NTEE category B28 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is T Klokhuis Inc located?
T Klokhuis Inc is headquartered in Gillette, New Jersey and files with the IRS under EIN 200019263. It is classified under NTEE code B28.
How many years of IRS 990 filings does T Klokhuis Inc have?
T Klokhuis Inc has 12 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 $1.0M in total revenue.
Is T Klokhuis Inc a good charity?
Based on the available IRS 990 data, T Klokhuis Inc appears to be a very good charity. It consistently reports 0% officer compensation, indicating a strong commitment to directing funds to its mission. Its assets have grown steadily, and liabilities are generally low. The organization's financial stability and efficiency are strong indicators of its effectiveness.
How does T Klokhuis Inc manage its administrative costs?
While specific administrative cost breakdowns are not fully detailed in the provided summary, the consistent 0% officer compensation strongly suggests very low administrative overhead related to executive salaries. This implies a highly efficient or volunteer-driven administrative structure, allowing a greater proportion of funds to be allocated to programs.
What caused the increase in liabilities in 2020 and 2021?
The IRS 990 data shows liabilities increased significantly to $150,295 in 2020 and $106,817 in 2021. Without further detail from the full 990 forms, the exact cause is unclear, but it could be related to specific projects, capital expenditures, or temporary operational needs during those periods. It's positive to note that liabilities returned to very low levels in subsequent years ($4,439 in 2022, $10,574 in 2023).
Filing History
IRS 990 filing history for T Klokhuis Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), T Klokhuis Inc's revenue has grown by 147.6%, moving from $337K to $834K. Total assets increased by 400% over the same period, from $135K to $677K. Total functional expenses rose by 146.6%, from $355K to $876K. In its most recent filing year (2023), T Klokhuis Inc reported a deficit of $42K, with expenses exceeding revenue. The organization holds $11K in liabilities against $677K in assets (debt-to-asset ratio: 1.6%), resulting in net assets of $666K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $834K | $876K | $677K | $11K | — | View 990 |
| 2022 | $932K | $836K | $713K | $4K | — | View 990 |
| 2021 | $825K | $717K | $720K | $107K | — | View 990 |
| 2020 | $842K | $756K | $658K | $150K | — | View 990 |
| 2019 | $870K | $787K | $428K | $6K | — | View 990 |
| 2018 | $850K | $712K | $373K | $33K | — | — |
| 2017 | $659K | $596K | $225K | $24K | — | View 990 |
| 2016 | $711K | $664K | $258K | $33K | — | View 990 |
| 2015 | $596K | $621K | $199K | $21K | — | View 990 |
| 2014 | $566K | $501K | $214K | $10K | — | View 990 |
| 2013 | $455K | $450K | $148K | $9K | — | View 990 |
| 2012 | $337K | $355K | $135K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $834K, expenses of $876K, and assets of $677K (revenue -10.5% year-over-year).
- 2022: Revenue of $932K, expenses of $836K, and assets of $713K (revenue +13.0% year-over-year).
- 2021: Revenue of $825K, expenses of $717K, and assets of $720K (revenue -2.0% year-over-year).
- 2020: Revenue of $842K, expenses of $756K, and assets of $658K (revenue -3.2% year-over-year).
- 2019: Revenue of $870K, expenses of $787K, and assets of $428K (revenue +2.4% year-over-year).
- 2018: Revenue of $850K, expenses of $712K, and assets of $373K (revenue +29.0% year-over-year).
- 2017: Revenue of $659K, expenses of $596K, and assets of $225K (revenue -7.4% year-over-year).
- 2016: Revenue of $711K, expenses of $664K, and assets of $258K (revenue +19.4% year-over-year).
- 2015: Revenue of $596K, expenses of $621K, and assets of $199K (revenue +5.4% year-over-year).
- 2014: Revenue of $566K, expenses of $501K, and assets of $214K (revenue +24.4% year-over-year).
- 2013: Revenue of $455K, expenses of $450K, and assets of $148K (revenue +35.0% year-over-year).
- 2012: Revenue of $337K, expenses of $355K, and assets of $135K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for T Klokhuis Inc:
Data Sources and Methodology
This transparency report for T Klokhuis 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.