Kleo Community Family Life Center

Analysis

Kleo Community Family Life Center is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Kleo Community Family Life Center reported income of $2.1m and spending of $2.5m, spending 120% of what it took in. Across the 6 years on record, from June 2019 to December 2023, income grew from $970k to $2.1m (+117%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 154%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kleo Community Family Life Center sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within IL. Charities of a similar size with the same main cause include Area 1 Electrical Education Trust ($2.1m), Institute for Democratic Education and Culture ($2.1m) and North Routt Community Charter School ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $237k (9.3% of expenses). Other salaries and wages came to $1.2m. It paid $24k in professional fundraising fees. At year end it held assets of $514k against liabilities of $903k, net assets of -$389k. It reported 271 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.