Operating record

Klingberg Family Centers Inc

New Britain, CT · EIN 06-1370693 · files full Form 990 · latest public year 2023

YearMoney inMoney outResultReserve mo.Staffing
2020$8,712,604$10,571,277−$1,858,673-26.264%
2021$8,586,410$10,066,836−$1,480,426-29.365%
2022$8,557,857$9,851,089−$1,293,232-31.566%
2023$9,628,574$10,510,112−$881,538-30.667%

In its most recent public year (2023), this organization spent $881,538 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-30.6 months), down from -26.2 in 2020. Staff pay was 67% of spending.

Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings ↗