Kennebec Performing Arts Company
Kennebec Performing Arts Company operates on minimal revenue with negative assets, raising financial sustainability concerns.
EIN: 10366427 · Augusta, ME · NTEE: A69Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $16K |
| Program Spending | 80% |
| Transparency Score | 45/100 |
Is Kennebec Performing Arts Company Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kennebec Performing Arts Company directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kennebec Performing Arts Company
Kennebec Performing Arts Company (EIN: 10366427) is a nonprofit organization based in Augusta, ME, classified under NTEE code A69Z. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kennebec Performing Arts Company's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kennebec Performing Arts Company is a micro nonprofit that has been operating for 32 years, with 2 years of IRS 990 filings on record (2011–2012). Revenue has grown at a compound annual rate of 6.7%.
Key Financial Metrics (2012)
From the most recent IRS 990 filing on record:
| Total Revenue | $16K |
| Total Expenses | $16K |
| Surplus / Deficit | +$534 |
| Total Assets | $-2,546 |
| Net Assets | $-2,546 |
| Operating Margin | 3.3% |
| Months of Reserves | -1.9 months |
Financial Health Grade: A
In 2012, Kennebec Performing Arts Company reported a surplus of $534 with revenue exceeding expenses, holds -1.9 months of operating reserves (limited).
Financial Trends
Over 2 years of filings (2011–2012), Kennebec Performing Arts Company's revenue has grown at a compound annual growth rate (CAGR) of 6.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2012 | +6.7% | -9.5% | — |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1994 |
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 Kennebec Performing Arts Company with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Kennebec Performing Arts Company allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2012)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $534, with revenue exceeding expenses.
Executive Compensation Analysis
Officer compensation is reported as 0% for both periods, which is appropriate for an organization of this size with minimal revenue and assets, suggesting a volunteer-led structure.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Kennebec Performing Arts Company's IRS 990 filings:
- Consistent negative asset figures ($-2,546 in 201206 and $-3,080 in 201106) despite reported $0 liabilities.
- Minimal revenue ($16,344 in 201206) indicates very limited operational capacity.
- Lack of financial reserves or positive net assets for future stability.
Strengths
The following positive indicators were identified for Kennebec Performing Arts Company:
- 0% officer compensation, suggesting a volunteer-driven model.
- Operates near break-even, indicating careful management of limited funds.
Frequently Asked Questions about Kennebec Performing Arts Company
Is Kennebec Performing Arts Company a legitimate charity?
Based on AI analysis of IRS 990 filings, Kennebec Performing Arts Company (EIN: 10366427) significant concerns. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
How does Kennebec Performing Arts Company spend its money?
Kennebec Performing Arts Company directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kennebec Performing Arts Company tax-deductible?
Kennebec Performing Arts Company is registered as a tax-exempt nonprofit (EIN: 10366427). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Kennebec Performing Arts Company's spending goes to programs?
Kennebec Performing Arts Company directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Kennebec Performing Arts Company compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Kennebec Performing Arts Company is near average for NTEE category A69Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Kennebec Performing Arts Company located?
Kennebec Performing Arts Company is headquartered in Augusta, Maine and files with the IRS under EIN 10366427. It is classified under NTEE code A69Z.
How many years of IRS 990 filings does Kennebec Performing Arts Company have?
Kennebec Performing Arts Company has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Is Kennebec Performing Arts Company financially sustainable?
Based on the reported revenue of $16,344 and negative assets of $-2,546 in 201206, the organization's financial sustainability is highly questionable. It operates on a very tight margin and lacks a financial cushion.
What do the negative asset figures mean?
Negative asset figures ($-2,546 in 201206 and $-3,080 in 201106) are unusual and could indicate that liabilities exceed assets, or there might be an accounting error. Given reported liabilities are $0, this discrepancy needs clarification to understand the true financial position.
How efficient is Kennebec Performing Arts Company's spending?
With total expenses of $15,810 against $16,344 in revenue in 201206, the organization spends nearly all its income. Without a detailed breakdown of expenses, it's hard to precisely assess efficiency, but the overall operation is lean.
Filing History
IRS 990 filing history for Kennebec Performing Arts Company showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2011–2012), Kennebec Performing Arts Company's revenue has grown by 6.7%, moving from $15K to $16K. Total functional expenses fell by 9.5%, from $17K to $16K. In its most recent filing year (2012), Kennebec Performing Arts Company reported a surplus of $534, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2012 | $16K | $16K | $-2,546 | $0 | — | View 990 |
| 2011 | $15K | $17K | $-3,080 | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kennebec Performing Arts Company:
Data Sources and Methodology
This transparency report for Kennebec Performing Arts Company 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.