Klingberg Comprehensive Program Services Inc

Analysis

Klingberg Comprehensive Program Services Inc is a registered charity in United States, based in New Britain, CT. It received its IRS tax-exemption ruling in March 1994, 32 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Klingberg Comprehensive Program Services Inc reported income of $14.9m and spending of $13.6m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $15.9m to $14.9m (-5.9%), an average of -1.5% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Klingberg Comprehensive Program Services Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within CT. Charities of a similar size with the same main cause include St Andrews School ($14.9m), Community Hospice Inc ($14.9m) and Womens Business Development Center ($14.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $804k (5.9% of expenses). Other salaries and wages came to $7.1m. At year end it held assets of $51.9m against liabilities of $3.1m, net assets of $48.8m. It reported 241 employees.