The Klump Family Foundation Inc
Klump Family Foundation consistently grows assets with minimal expenses and no officer compensation.
EIN: 205756777 · Atlanta, GA · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $18.8M |
| Total Expenses | $1.8M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $20 |
| Net Assets | $22.5M |
| Transparency Score | 85/100 |
Is The Klump Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Klump Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Klump Family Foundation Inc
The Klump Family Foundation Inc (EIN: 205756777) is a nonprofit organization based in Atlanta, GA, classified under NTEE code T20. The organization reported total revenue of $18.8M and total assets of $20.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Klump Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Klump Family Foundation Inc is a large nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 29.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.9M |
| Total Expenses | $1.8M |
| Surplus / Deficit | +$5.1M |
| Total Assets | $22.5M |
| Total Liabilities | $1 |
| Net Assets | $22.5M |
| Operating Margin | 74.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 154.0 months |
Financial Health Grade: A
In 2023, The Klump Family Foundation Inc reported a surplus of $5.1M with revenue exceeding expenses, holds 154.0 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 Klump Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 29.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.7% | +11.0% | +23.7% |
| 2022 | +7.2% | +3.1% | +26.9% |
| 2021 | +476.0% | -18.6% | +13.8% |
| 2020 | +41.5% | +35.7% | -43.2% |
| 2019 | -75.0% | +199.2% | +86.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2008 |
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 Klump Family 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, The Klump Family 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 surplus of $5.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the foundation's leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly unusual for an organization with assets exceeding $20 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 The Klump Family Foundation Inc's IRS 990 filings:
- Lack of detailed program spending breakdown in provided data
- Unusually low expense ratio relative to revenue, potentially indicating significant asset hoarding without clear immediate program deployment
- Consistent 0% officer compensation for an organization with over $20M in assets, which could mask other forms of compensation or indicate a lack of professional management.
Strengths
The following positive indicators were identified for The Klump Family Foundation Inc:
- Strong asset growth, from $64,375 in 2011 to $22,547,425 in 2023
- Very low operational expenses relative to revenue, indicating efficient financial management
- Consistent IRS 990 filing history, demonstrating transparency
- No reported officer compensation, suggesting a volunteer-driven or highly cost-efficient leadership structure
Frequently Asked Questions about The Klump Family Foundation Inc
Is The Klump Family Foundation Inc a legitimate charity?
The Klump Family Foundation Inc (EIN: 205756777) is a registered tax-exempt nonprofit based in Georgia. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $18.8M. 3 red flags identified. 4 strengths noted. Financial health grade: A.
How does The Klump Family Foundation Inc spend its money?
The Klump Family Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to The Klump Family Foundation Inc tax-deductible?
The Klump Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 205756777). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Klump Family Foundation Inc CEO make?
The Klump Family Foundation Inc's highest-compensated officer earns $20 annually. The organization reported $18.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does The Klump Family Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), The Klump Family Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Klump Family Foundation Inc located?
The Klump Family Foundation Inc is headquartered in Atlanta, Georgia and files with the IRS under EIN 205756777. It is classified under NTEE code T20.
How many years of IRS 990 filings does The Klump Family Foundation Inc have?
The Klump Family Foundation 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 $18.8M in total revenue.
What are the specific program activities and grants made by The Klump Family Foundation?
The provided data does not detail specific program activities or grant recipients. The NTEE code T20 (Foundations, Grantmaking & Giving Services) indicates its primary function is grantmaking, but further detail would require reviewing the full 990 forms.
How does the foundation manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the foundation's leadership may be entirely volunteer, or that any compensation is structured in a way that it is not reported under 'officer compensation' on the 990 form. This is a significant factor in its low expense ratio.
Given the low expenses relative to revenue, what is the foundation's strategy for deploying its growing assets?
The foundation appears to be focused on asset accumulation, with expenses significantly lower than revenue in most years. This suggests a strategy of building an endowment for future grantmaking, rather than spending a large portion of its annual revenue immediately.
Filing History
IRS 990 filing history for The Klump Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Klump Family Foundation Inc's revenue has grown by 2075.2%, moving from $316K to $6.9M. Total assets increased by 34925.1% over the same period, from $64K to $22.5M. Total functional expenses rose by 2204.6%, from $76K to $1.8M. In its most recent filing year (2023), The Klump Family Foundation Inc reported a surplus of $5.1M, with revenue exceeding expenses. The organization holds $1 in liabilities against $22.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $22.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.9M | $1.8M | $22.5M | $1 | — | — |
| 2022 | $7.8M | $1.6M | $18.2M | $4K | — | View 990 |
| 2021 | $7.3M | $1.5M | $14.4M | $1 | — | View 990 |
| 2020 | $1.3M | $1.9M | $12.6M | $1 | — | View 990 |
| 2019 | $892K | $1.4M | $22.2M | $1 | — | View 990 |
| 2015 | $3.6M | $464K | $11.9M | $0 | — | View 990 |
| 2014 | $6.0M | $315K | $8.8M | $0 | — | View 990 |
| 2013 | $3.1M | $280K | $3.1M | $0 | — | View 990 |
| 2012 | $279K | $61K | $283K | $0 | — | View 990 |
| 2011 | $316K | $76K | $64K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.9M, expenses of $1.8M, and assets of $22.5M (revenue -11.7% year-over-year).
- 2022: Revenue of $7.8M, expenses of $1.6M, and assets of $18.2M (revenue +7.2% year-over-year).
- 2021: Revenue of $7.3M, expenses of $1.5M, and assets of $14.4M (revenue +476.0% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.9M, and assets of $12.6M (revenue +41.5% year-over-year).
- 2019: Revenue of $892K, expenses of $1.4M, and assets of $22.2M (revenue -75.0% year-over-year).
- 2015: Revenue of $3.6M, expenses of $464K, and assets of $11.9M (revenue -40.8% year-over-year).
- 2014: Revenue of $6.0M, expenses of $315K, and assets of $8.8M (revenue +94.7% year-over-year).
- 2013: Revenue of $3.1M, expenses of $280K, and assets of $3.1M (revenue +1011.0% year-over-year).
- 2012: Revenue of $279K, expenses of $61K, and assets of $283K (revenue -11.8% year-over-year).
- 2011: Revenue of $316K, expenses of $76K, and assets of $64K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Klump Family Foundation Inc:
Data Sources and Methodology
This transparency report for The Klump Family 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.