The Esther A And Joseph Klingenstein Fund Inc
Klingenstein Fund maintains substantial assets with volatile revenue and no reported officer compensation.
EIN: 136028788 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $15.9M |
| Total Expenses | $7.9M |
| Program Spending | 90% |
| Net Assets | $123.3M |
| Transparency Score | 85/100 |
Is The Esther A And Joseph Klingenstein Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Esther A And Joseph Klingenstein Fund Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Esther A And Joseph Klingenstein Fund Inc
The Esther A And Joseph Klingenstein Fund Inc (EIN: 136028788) is a nonprofit organization based in New York, NY. The organization reported total revenue of $15.9M and total assets of $119.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Esther A And Joseph Klingenstein Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Esther A And Joseph Klingenstein Fund Inc is a large nonprofit that has been operating for 80 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.7M |
| Total Expenses | $7.9M |
| Surplus / Deficit | $-4,184,905 |
| Total Assets | $123.3M |
| Total Liabilities | $1 |
| Net Assets | $123.3M |
| Operating Margin | -113.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 188.0 months |
Financial Health Grade: B
In 2023, The Esther A And Joseph Klingenstein Fund Inc reported a deficit of $4.2M with expenses exceeding revenue, holds 188.0 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), The Esther A And Joseph Klingenstein Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +67.8% | +26.0% | -3.3% |
| 2022 | -97.7% | +37.5% | -4.0% |
| 2021 | +5453.3% | -24.3% | +201.7% |
| 2020 | -51.3% | +5.0% | -17.7% |
| 2019 | -44.9% | +92.1% | -5.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1946 |
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 The Esther A And Joseph Klingenstein Fund 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, The Esther A And Joseph Klingenstein Fund Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. 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 $4.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer-based or compensated through an affiliated entity, which is a positive sign for direct financial efficiency within this fund.
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 The Esther A And Joseph Klingenstein Fund Inc's IRS 990 filings:
- Significant revenue volatility makes long-term financial planning and consistent grant-making potentially challenging without a robust endowment draw policy.
Strengths
The following positive indicators were identified for The Esther A And Joseph Klingenstein Fund Inc:
- Consistently low liabilities, often reported as $1, indicating strong financial solvency and minimal debt.
- No reported officer compensation, suggesting efficient use of funds and potentially volunteer executive leadership.
- Substantial and growing asset base, reaching $123,254,867 in 2023, provides a strong foundation for future operations and grant-making.
- Consistent expense levels despite revenue fluctuations, indicating stable operational management.
Frequently Asked Questions about The Esther A And Joseph Klingenstein Fund Inc
Is The Esther A And Joseph Klingenstein Fund Inc a legitimate charity?
The Esther A And Joseph Klingenstein Fund Inc (EIN: 136028788) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $15.9M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does The Esther A And Joseph Klingenstein Fund Inc spend its money?
The Esther A And Joseph Klingenstein Fund Inc directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to The Esther A And Joseph Klingenstein Fund Inc tax-deductible?
The Esther A And Joseph Klingenstein Fund Inc is registered as a tax-exempt nonprofit (EIN: 136028788). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Esther A And Joseph Klingenstein Fund Inc's spending goes to programs?
The Esther A And Joseph Klingenstein Fund Inc directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is The Esther A And Joseph Klingenstein Fund Inc located?
The Esther A And Joseph Klingenstein Fund Inc is headquartered in New York, New York and files with the IRS under EIN 136028788.
How many years of IRS 990 filings does The Esther A And Joseph Klingenstein Fund Inc have?
The Esther A And Joseph Klingenstein Fund Inc 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 $15.9M in total revenue.
What caused the significant revenue spike in 2021?
The 2021 revenue of $93,429,967 is an outlier compared to other years, which typically show revenues in the low millions. This could be due to a large one-time donation, significant investment gains, or a major asset sale. Further investigation into the 2021 Form 990's Statement of Revenue would clarify the source.
How does the organization manage its investment portfolio given the revenue volatility?
The fluctuating revenue, particularly the high in 2021 and lower figures in 2022 and 2023, suggests a reliance on investment income. The organization's substantial assets ($119,702,530 latest) indicate a significant endowment or investment portfolio, which would be the primary source of funding for its grant-making activities.
What are the primary program activities funded by The Esther A And Joseph Klingenstein Fund Inc?
While the NTEE code is unknown, the consistent expenses (e.g., $7,868,628 in 2023) and substantial assets suggest a focus on grant-making or specific programmatic initiatives. The high program spending ratio implies a direct impact through its core mission activities.
Filing History
IRS 990 filing history for The Esther A And Joseph Klingenstein Fund Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Esther A And Joseph Klingenstein Fund Inc's revenue has grown by 19%, moving from $3.1M to $3.7M. Total assets increased by 145.1% over the same period, from $50.3M to $123.3M. Total functional expenses rose by 163.7%, from $3.0M to $7.9M. In its most recent filing year (2023), The Esther A And Joseph Klingenstein Fund Inc reported a deficit of $4.2M, with expenses exceeding revenue. The organization holds $1 in liabilities against $123.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $123.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.7M | $7.9M | $123.3M | $1 | — | View 990 |
| 2022 | $2.2M | $6.2M | $127.4M | $1 | — | View 990 |
| 2021 | $93.4M | $4.5M | $132.8M | $1 | — | View 990 |
| 2020 | $1.7M | $6.0M | $44.0M | $1 | — | — |
| 2019 | $3.5M | $5.7M | $53.5M | $4K | — | View 990 |
| 2015 | $6.3M | $3.0M | $56.8M | $201K | — | View 990 |
| 2014 | $4.5M | $3.2M | $54.8M | $169K | — | View 990 |
| 2013 | $3.7M | $1.7M | $53.3M | $1 | — | View 990 |
| 2012 | $3.1M | $2.8M | $51.3M | $1 | — | View 990 |
| 2011 | $3.1M | $3.0M | $50.3M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.7M, expenses of $7.9M, and assets of $123.3M (revenue +67.8% year-over-year).
- 2022: Revenue of $2.2M, expenses of $6.2M, and assets of $127.4M (revenue -97.7% year-over-year).
- 2021: Revenue of $93.4M, expenses of $4.5M, and assets of $132.8M (revenue +5453.3% year-over-year).
- 2020: Revenue of $1.7M, expenses of $6.0M, and assets of $44.0M (revenue -51.3% year-over-year).
- 2019: Revenue of $3.5M, expenses of $5.7M, and assets of $53.5M (revenue -44.9% year-over-year).
- 2015: Revenue of $6.3M, expenses of $3.0M, and assets of $56.8M (revenue +39.4% year-over-year).
- 2014: Revenue of $4.5M, expenses of $3.2M, and assets of $54.8M (revenue +20.6% year-over-year).
- 2013: Revenue of $3.7M, expenses of $1.7M, and assets of $53.3M (revenue +19.1% year-over-year).
- 2012: Revenue of $3.1M, expenses of $2.8M, and assets of $51.3M (revenue +1.2% year-over-year).
- 2011: Revenue of $3.1M, expenses of $3.0M, and assets of $50.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Esther A And Joseph Klingenstein Fund Inc:
Data Sources and Methodology
This transparency report for The Esther A And Joseph Klingenstein Fund 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.