Friends Of The Kennebec River Rail Trail Inc
Friends Of The Kennebec River Rail Trail Inc maintains stable finances with growing assets and no executive compensation.
EIN: 10508136 · Augusta, ME · NTEE: C30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $13K |
| Total Expenses | $7K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $5,000 |
| Net Assets | $114K |
| Transparency Score | 95/100 |
Is Friends Of The Kennebec River Rail Trail Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of The Kennebec River Rail Trail Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of The Kennebec River Rail Trail Inc
Friends Of The Kennebec River Rail Trail Inc (EIN: 10508136) is a nonprofit organization based in Augusta, ME, classified under NTEE code C30. The organization reported total revenue of $13K and total assets of $119K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of The Kennebec River Rail Trail Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of The Kennebec River Rail Trail Inc is a micro nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -8.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $13K |
| Total Expenses | $7K |
| Surplus / Deficit | +$5K |
| Total Assets | $114K |
| Net Assets | $114K |
| Operating Margin | 42.8% |
| Months of Reserves | 186.7 months |
Financial Health Grade: A
In 2023, Friends Of The Kennebec River Rail Trail Inc reported a surplus of $5K with revenue exceeding expenses, holds 186.7 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Friends Of The Kennebec River Rail Trail Inc's revenue has declined at a compound annual growth rate (CAGR) of -8.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.2% | +3.6% | +7.6% |
| 2022 | +172.1% | +15.0% | +4.5% |
| 2021 | -65.2% | +4.0% | -0.3% |
| 2020 | -15.0% | -43.4% | +12.5% |
| 2019 | -6.9% | -64.0% | +10.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Friends Of The Kennebec River Rail Trail Inc with a Mission Score of 95 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, Friends Of The Kennebec River Rail Trail Inc 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $5K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating a volunteer-led organization. This is highly commendable for an organization of its size, with annual revenues typically ranging from $5,000 to $35,000.
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.
Strengths
The following positive indicators were identified for Friends Of The Kennebec River Rail Trail Inc:
- Consistent asset growth, from $82,447 in 2014 to $113,906 in 2023.
- Zero liabilities reported across all filings, indicating strong financial health.
- Zero officer compensation, highlighting a volunteer-driven model and efficient use of funds.
- Expenses consistently below revenue in most recent years (e.g., $7,322 expenses vs. $12,806 revenue in 2023).
- Strong transparency with consistent IRS 990 filings over 13 periods.
Frequently Asked Questions about Friends Of The Kennebec River Rail Trail Inc
Is Friends Of The Kennebec River Rail Trail Inc a legitimate charity?
Friends Of The Kennebec River Rail Trail Inc (EIN: 10508136) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 95/100. It has 13 years of IRS 990 filings on record. Total revenue: $13K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Friends Of The Kennebec River Rail Trail Inc spend its money?
Friends Of The Kennebec River Rail Trail Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Friends Of The Kennebec River Rail Trail Inc tax-deductible?
Friends Of The Kennebec River Rail Trail Inc is registered as a tax-exempt nonprofit (EIN: 10508136). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Friends Of The Kennebec River Rail Trail Inc CEO make?
Friends Of The Kennebec River Rail Trail Inc's highest-compensated officer earns $5,000 annually. The organization reported $13K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Friends Of The Kennebec River Rail Trail Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Friends Of The Kennebec River Rail Trail Inc is above average for NTEE category C30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friends Of The Kennebec River Rail Trail Inc located?
Friends Of The Kennebec River Rail Trail Inc is headquartered in Augusta, Maine and files with the IRS under EIN 10508136. It is classified under NTEE code C30.
How many years of IRS 990 filings does Friends Of The Kennebec River Rail Trail Inc have?
Friends Of The Kennebec River Rail Trail Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $13K in total revenue.
Is Friends Of The Kennebec River Rail Trail Inc a good charity?
Based on the financial data, Friends Of The Kennebec River Rail Trail Inc appears to be a very good charity. It consistently operates with a surplus, has growing assets, zero liabilities, and no executive compensation, indicating efficient use of funds and strong volunteer support.
How does the organization manage its expenses?
The organization consistently manages its expenses well below its revenue, as seen in 2023 where expenses were $7,322 against $12,806 in revenue. This disciplined spending contributes to its asset growth and financial stability.
What is the trend in the organization's assets?
The organization's assets have shown a consistent upward trend, growing from $82,447 in 2014 to $113,906 in 2023, indicating effective financial management and resource accumulation for its mission.
Filing History
IRS 990 filing history for Friends Of The Kennebec River Rail Trail Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Friends Of The Kennebec River Rail Trail Inc's revenue has declined by 64.6%, moving from $36K to $13K. Total assets increased by 23.2% over the same period, from $92K to $114K. Total functional expenses fell by 75.5%, from $30K to $7K. In its most recent filing year (2023), Friends Of The Kennebec River Rail Trail Inc reported a surplus of $5K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $13K | $7K | $114K | $0 | — | — |
| 2022 | $14K | $7K | $106K | $0 | — | View 990 |
| 2021 | $5K | $6K | $101K | $0 | — | — |
| 2020 | $15K | $6K | $102K | $0 | — | — |
| 2019 | $18K | $10K | $90K | $0 | — | View 990 |
| 2018 | $19K | $29K | $82K | $0 | — | View 990 |
| 2017 | $19K | $21K | $93K | $0 | — | View 990 |
| 2016 | $24K | $16K | $95K | $0 | — | View 990 |
| 2015 | $22K | $18K | $87K | $0 | — | View 990 |
| 2014 | $35K | $54K | $82K | $0 | — | View 990 |
| 2013 | $31K | $23K | $102K | $0 | — | View 990 |
| 2012 | $35K | $37K | $94K | $0 | — | View 990 |
| 2011 | $36K | $30K | $92K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $13K, expenses of $7K, and assets of $114K (revenue -10.2% year-over-year).
- 2022: Revenue of $14K, expenses of $7K, and assets of $106K (revenue +172.1% year-over-year).
- 2021: Revenue of $5K, expenses of $6K, and assets of $101K (revenue -65.2% year-over-year).
- 2020: Revenue of $15K, expenses of $6K, and assets of $102K (revenue -15.0% year-over-year).
- 2019: Revenue of $18K, expenses of $10K, and assets of $90K (revenue -6.9% year-over-year).
- 2018: Revenue of $19K, expenses of $29K, and assets of $82K (revenue +0.9% year-over-year).
- 2017: Revenue of $19K, expenses of $21K, and assets of $93K (revenue -21.6% year-over-year).
- 2016: Revenue of $24K, expenses of $16K, and assets of $95K (revenue +8.9% year-over-year).
- 2015: Revenue of $22K, expenses of $18K, and assets of $87K (revenue -36.0% year-over-year).
- 2014: Revenue of $35K, expenses of $54K, and assets of $82K (revenue +12.5% year-over-year).
- 2013: Revenue of $31K, expenses of $23K, and assets of $102K (revenue -12.2% year-over-year).
- 2012: Revenue of $35K, expenses of $37K, and assets of $94K (revenue -3.6% year-over-year).
- 2011: Revenue of $36K, expenses of $30K, and assets of $92K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of The Kennebec River Rail Trail Inc:
Data Sources and Methodology
This transparency report for Friends Of The Kennebec River Rail Trail Inc 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.