Education Foundation Of The Kennebunks And Arundel
Education Foundation maintains stable assets despite recent operating deficits and declining revenue.
EIN: 205050593 · Kennebunkport, ME · NTEE: B112 · Updated: 2026-03-28
Is Education Foundation Of The Kennebunks And Arundel Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Education Foundation Of The Kennebunks And Arundel directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Education Foundation Of The Kennebunks And Arundel
Education Foundation Of The Kennebunks And Arundel (EIN: 205050593) is a nonprofit organization based in Kennebunkport, ME, classified under NTEE code B112. The organization reported total revenue of $53K and total assets of $217K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Education Foundation Of The Kennebunks And Arundel's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Education Foundation Of The Kennebunks And Arundel with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Education Foundation Of The Kennebunks And Arundel allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported at 0%, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for a nonprofit of this size and directly benefits program funding.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Education Foundation Of The Kennebunks And Arundel's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., 2022, 2023, 2024)
- Significant decline in annual revenue over the past decade (from $137,304 in 2015 to $24,078 in 2024)
Strengths
The following positive indicators were identified for Education Foundation Of The Kennebunks And Arundel:
- Consistent 0% officer compensation, indicating volunteer leadership
- Stable asset base despite revenue fluctuations
- Strong program focus due to minimal administrative overhead
- Consistent IRS 990 filing history demonstrating transparency
Frequently Asked Questions about Education Foundation Of The Kennebunks And Arundel
Is Education Foundation Of The Kennebunks And Arundel a legitimate charity?
Based on AI analysis of IRS 990 filings, Education Foundation Of The Kennebunks And Arundel (EIN: 205050593) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Education Foundation Of The Kennebunks And Arundel spend its money?
Education Foundation Of The Kennebunks And Arundel directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Education Foundation Of The Kennebunks And Arundel tax-deductible?
Education Foundation Of The Kennebunks And Arundel is registered as a tax-exempt nonprofit (EIN: 205050593). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Education Foundation Of The Kennebunks And Arundel a good charity?
Yes, it appears to be a good charity, especially given its 0% officer compensation and consistent program focus. However, recent operating deficits suggest a need for improved financial planning.
Why has the organization's revenue declined significantly?
The revenue has seen a substantial decline from $137,304 in 2015 to $24,078 in 2024. The 990 filings alone do not specify the exact reasons, but it could be due to reduced grant funding, fewer individual donations, or changes in fundraising strategies.
How does the organization cover its expenses when revenue is lower?
In periods where expenses exceed revenue, such as in 2022, 2023, and 2024, the organization has drawn down on its assets. For example, assets decreased from $305,994 in 2021 to $223,634 in 2022.
Filing History
IRS 990 filing history for Education Foundation Of The Kennebunks And Arundel showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Education Foundation Of The Kennebunks And Arundel's revenue has declined by 79.9%, moving from $120K to $24K. Total assets increased by 199.2% over the same period, from $82K to $244K. Total functional expenses fell by 77.6%, from $109K to $24K. In its most recent filing year (2024), Education Foundation Of The Kennebunks And Arundel reported a deficit of $339, with expenses exceeding revenue. The organization holds $35 in liabilities against $244K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $244K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $24K | $24K | $244K | $35 | — | — |
| 2023 | $21K | $36K | $220K | $35 | — | View 990 |
| 2022 | $23K | $78K | $224K | $35 | — | View 990 |
| 2021 | $56K | $38K | $306K | $0 | — | — |
| 2020 | $56K | $63K | $228K | $0 | — | View 990 |
| 2019 | $81K | $71K | $212K | $263 | — | View 990 |
| 2018 | $92K | $85K | $205K | $8K | — | View 990 |
| 2017 | $101K | $131K | $187K | $2K | — | View 990 |
| 2016 | $122K | $101K | $205K | $1K | — | View 990 |
| 2015 | $137K | $91K | $183K | $5K | — | View 990 |
| 2014 | $91K | $90K | $98K | $3K | — | View 990 |
| 2013 | $140K | $96K | $95K | $720 | — | View 990 |
| 2012 | $80K | $111K | $78K | $27K | — | View 990 |
| 2011 | $120K | $109K | $82K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $24K, expenses of $24K, and assets of $244K (revenue +15.1% year-over-year).
- 2023: Revenue of $21K, expenses of $36K, and assets of $220K (revenue -9.0% year-over-year).
- 2022: Revenue of $23K, expenses of $78K, and assets of $224K (revenue -58.9% year-over-year).
- 2021: Revenue of $56K, expenses of $38K, and assets of $306K (revenue +0.3% year-over-year).
- 2020: Revenue of $56K, expenses of $63K, and assets of $228K (revenue -31.3% year-over-year).
- 2019: Revenue of $81K, expenses of $71K, and assets of $212K (revenue -12.1% year-over-year).
- 2018: Revenue of $92K, expenses of $85K, and assets of $205K (revenue -8.6% year-over-year).
- 2017: Revenue of $101K, expenses of $131K, and assets of $187K (revenue -17.0% year-over-year).
- 2016: Revenue of $122K, expenses of $101K, and assets of $205K (revenue -11.2% year-over-year).
- 2015: Revenue of $137K, expenses of $91K, and assets of $183K (revenue +51.7% year-over-year).
- 2014: Revenue of $91K, expenses of $90K, and assets of $98K (revenue -35.2% year-over-year).
- 2013: Revenue of $140K, expenses of $96K, and assets of $95K (revenue +73.9% year-over-year).
- 2012: Revenue of $80K, expenses of $111K, and assets of $78K (revenue -33.1% year-over-year).
- 2011: Revenue of $120K, expenses of $109K, and assets of $82K.
Data Sources and Methodology
This transparency report for Education Foundation Of The Kennebunks And Arundel is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.