Klein Foundation Inc

Analysis

Klein Foundation Inc is a registered charity in United States, based in Mobridge, SD. It received its IRS tax-exemption ruling in April 1975, 51 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Klein Foundation Inc reported income of $78k and spending of $91k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $96k to $78k (-18%), an average of -4.9% a year. The sharpest change came in the year to December 2020, when income rose by 24%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Klein Foundation Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 25th percentile within SD. Charities of a similar size with the same main cause include David Horodoker Womens Organization ($78k), Umoja Magazine - Madison Inc ($78k) and The Old Hotel ($78k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 44% of the total. Other salaries and wages came to $41k. At year end it held assets of $419k against liabilities of $1,250, net assets of $418k. It reported 2 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.