Klingberg Family Centers Foundation Inc

Analysis

Klingberg Family Centers Foundation Inc is a registered charity in United States, based in New Britain, CT. It received its IRS tax-exemption ruling in January 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Family Centers Foundation Inc reported income of $727k and spending of $511k, leaving 30% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $802k to $727k (-9.3%), an average of -2.4% a year. The sharpest change came in the year to June 2023, when income dropped by 21%. Over the whole period it spent 60% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Klingberg Family Centers Foundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within CT. Charities of a similar size with the same main cause include Yarmouth Food Pantry Inc ($727k), Vanburen Council for Human Services NP ($727k) and Elev8hope ($727k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% of the total. At year end it held assets of $15.2m against liabilities of $0, net assets of $15.2m.