Klein Memorial Auditorium Foundation Inc

Analysis

Klein Memorial Auditorium Foundation Inc is a registered charity in United States, based in Bridgeport, CT. It received its IRS tax-exemption ruling in August 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Klein Memorial Auditorium Foundation Inc reported income of $1.2m and spending of $1.3m, spending 104% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $714k to $1.2m (+69%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 48%. Over the whole period it spent 91% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Klein Memorial Auditorium Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within CT. Charities of a similar size with the same main cause include McDavid Group Charities Inc ($1.2m), Southwest Minority Supplier Development Council ($1.2m) and Friends of Bas Ayin ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 29% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $126k (10% of expenses). Other salaries and wages came to $344k. At year end it held assets of $2.5m against liabilities of $92k, net assets of $2.4m. It reported 42 employees.