Richard Klett Charitable Foundation

Analysis

Richard Klett Charitable Foundation is a registered charity in United States, based in East Hampton, CT. It received its IRS tax-exemption ruling in July 2021, 5 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 (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, Richard Klett Charitable Foundation reported income of $52k and spending of $53k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $56k to $52k (-6.9%), an average of -6.9% a year. Over the whole period it spent 103% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Richard Klett Charitable Foundation sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 19th percentile within CT. Charities of a similar size with the same main cause include Calamar Foundation Inc ($52k), Cink Charities Inc ($52k) and Opp Vision in Action Foundation ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3,630 against liabilities of $0, net assets of $3,630.