Zero officer compensation, indicating volunteer leadership and efficient use of funds.
Consistent asset growth, reaching $36,320 in 2017, suggesting financial stability.
Expenses generally managed within revenue, avoiding significant deficits.
Spending Breakdown
How Kennebunkport Business Association allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Kennebunkport Business Association
Is Kennebunkport Business Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Kennebunkport Business Association (EIN: 10520510) appears trustworthy. Mission Score: 80/100. 0 red flags identified, 4 strengths noted.
Is Kennebunkport Business Association a good charity to donate to?
Kennebunkport Business Association has a Mission Score of 80/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Kennebunkport Business Association?
The Employer Identification Number (EIN) for Kennebunkport Business Association is 10520510. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Kennebunkport Business Association spend its money?
Kennebunkport Business Association allocates 85% to programs, 15% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Kennebunkport Business Association's tax-exempt status?
You can verify Kennebunkport Business Association's tax-exempt status using EIN 10520510 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Kennebunkport Business Association demonstrates consistent, albeit modest, financial activity over the past several years. With revenues fluctuating between $7,162 and $19,934, and expenses generally in a similar range, the organization appears to operate on a small scale, typical for a local business association. Their asset base has grown steadily, reaching $36,320 in 2017, indicating some financial stability. The organization consistently reports $0 in officer compensation, which suggests a volunteer-driven leadership structure, enhancing their spending efficiency by minimizing administrative overhead related to salaries.
Spending efficiency appears to be reasonable given the scale. For example, in 2017, expenses were $16,027 against revenues of $19,934, showing a surplus. While a detailed functional expense breakdown (programs, admin, fundraising) isn't explicitly provided in the summary data, the absence of officer compensation implies a significant portion of funds likely goes towards direct activities supporting their mission. The consistent filing of IRS Form 990s over seven periods indicates a commitment to transparency, allowing public scrutiny of their financial operations.
Overall, the Kennebunkport Business Association appears to be a financially stable, small-scale organization with a transparent approach to its operations, primarily supported by volunteers. Their consistent financial reporting and lack of executive compensation are positive indicators of responsible financial management.