Kennebec Valley Community Action Program
Kennebec Valley Community Action Program shows strong financial growth and consistent surpluses with no reported officer compensation.
EIN: 10277678 · Waterville, ME · NTEE: P200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $42.4M |
| Total Expenses | $43.7M |
| Program Spending | 90% |
| Net Assets | $12.5M |
| Transparency Score | 92/100 |
Is Kennebec Valley Community Action Program Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kennebec Valley Community Action Program directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kennebec Valley Community Action Program
Kennebec Valley Community Action Program (EIN: 10277678) is a nonprofit organization based in Waterville, ME, classified under NTEE code P200. The organization reported total revenue of $42.4M and total assets of $17.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kennebec Valley Community Action Program's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kennebec Valley Community Action Program is a large nonprofit that has been operating for 61 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $46.7M |
| Total Expenses | $43.7M |
| Surplus / Deficit | +$2.9M |
| Total Assets | $20.6M |
| Total Liabilities | $8.1M |
| Net Assets | $12.5M |
| Operating Margin | 6.3% |
| Debt-to-Asset Ratio | 39.3% |
| Months of Reserves | 5.6 months |
Financial Health Grade: A
In 2023, Kennebec Valley Community Action Program reported a surplus of $2.9M with revenue exceeding expenses, holds 5.6 months of operating reserves (adequate), has a debt-to-asset ratio of 39.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Kennebec Valley Community Action Program's revenue has grown at a compound annual growth rate (CAGR) of 6.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.9% | -18.4% | +13.7% |
| 2022 | +33.7% | +40.5% | -6.3% |
| 2021 | +37.6% | +38.8% | +65.0% |
| 2020 | +7.5% | +0.1% | +38.8% |
| 2019 | -2.0% | -1.1% | +1.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1965 |
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 Valley Community Action Program with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Kennebec Valley Community Action Program allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 $2.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 39.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership either serves on a volunteer basis or receives compensation that is not categorized as 'officer compensation' in a way that would be reported as a percentage of total expenses. This suggests a highly efficient use of funds, with resources primarily directed towards program delivery rather than executive salaries.
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 Kennebec Valley Community Action Program:
- Consistent revenue surpluses, indicating financial stability (e.g., $46,655,834 revenue vs. $43,725,041 expenses in 2023).
- Significant growth in assets over the past decade, demonstrating increased capacity (from $17,732,741 in 2014 to $20,584,554 in 2023).
- Zero reported officer compensation across all filings, suggesting high efficiency and dedication of resources to programs.
- Long and consistent IRS 990 filing history (13 filings), indicating strong transparency and compliance.
- Healthy asset-to-liability ratio, reflecting strong financial solvency (e.g., 2023 assets are more than double liabilities).
Frequently Asked Questions about Kennebec Valley Community Action Program
Is Kennebec Valley Community Action Program a legitimate charity?
Based on AI analysis of IRS 990 filings, Kennebec Valley Community Action Program (EIN: 10277678) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Kennebec Valley Community Action Program spend its money?
Kennebec Valley Community Action Program directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kennebec Valley Community Action Program tax-deductible?
Kennebec Valley Community Action Program is registered as a tax-exempt nonprofit (EIN: 10277678). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Kennebec Valley Community Action Program's spending goes to programs?
Kennebec Valley Community Action Program directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Kennebec Valley Community Action Program compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Kennebec Valley Community Action Program is above average for NTEE category P200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Kennebec Valley Community Action Program located?
Kennebec Valley Community Action Program is headquartered in Waterville, Maine and files with the IRS under EIN 10277678. It is classified under NTEE code P200.
How many years of IRS 990 filings does Kennebec Valley Community Action Program have?
Kennebec Valley Community Action Program 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 $42.4M in total revenue.
Is Kennebec Valley Community Action Program a good charity?
Based on the provided financial data, KVCAP appears to be a well-managed and financially healthy charity. It consistently generates revenue surpluses, has growing assets, and reports 0% officer compensation, suggesting a strong commitment to its mission and efficient use of funds.
How has KVCAP's financial health changed over the past decade?
KVCAP has demonstrated significant financial growth and improved health over the past decade. Revenue has nearly tripled from $16,010,034 in 2014 to $46,655,834 in 2023, and assets have grown substantially from $17,732,741 to $20,584,554, indicating increased capacity and stability.
What is the trend in KVCAP's assets and liabilities?
KVCAP's assets have shown a strong upward trend, increasing from $17,732,741 in 2014 to $20,584,554 in 2023. Liabilities have fluctuated but generally remained at manageable levels relative to assets, with a healthy asset-to-liability ratio (e.g., $20,584,554 assets vs. $8,096,136 liabilities in 2023).
Filing History
IRS 990 filing history for Kennebec Valley Community Action Program showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Kennebec Valley Community Action Program's revenue has grown by 106.4%, moving from $22.6M to $46.7M. Total assets increased by 13% over the same period, from $18.2M to $20.6M. Total functional expenses rose by 94.1%, from $22.5M to $43.7M. In its most recent filing year (2023), Kennebec Valley Community Action Program reported a surplus of $2.9M, with revenue exceeding expenses. The organization holds $8.1M in liabilities against $20.6M in assets (debt-to-asset ratio: 39.3%), resulting in net assets of $12.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $46.7M | $43.7M | $20.6M | $8.1M | — | — |
| 2022 | $54.8M | $53.6M | $18.1M | $8.6M | — | View 990 |
| 2021 | $41.0M | $38.1M | $19.3M | $11.0M | — | View 990 |
| 2020 | $29.8M | $27.5M | $11.7M | $6.3M | — | — |
| 2019 | $27.7M | $27.4M | $8.4M | $5.4M | — | View 990 |
| 2018 | $28.3M | $27.7M | $8.3M | $5.6M | — | View 990 |
| 2017 | $24.2M | $24.5M | $18.2M | $16.1M | — | View 990 |
| 2016 | $22.9M | $23.3M | $17.5M | $15.1M | — | View 990 |
| 2015 | $20.1M | $20.2M | $18.1M | $15.3M | — | View 990 |
| 2014 | $16.0M | $16.2M | $17.7M | $14.8M | — | View 990 |
| 2013 | $17.0M | $16.8M | $17.8M | $14.7M | — | View 990 |
| 2012 | $19.0M | $18.9M | $18.0M | $15.3M | — | View 990 |
| 2011 | $22.6M | $22.5M | $18.2M | $15.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $46.7M, expenses of $43.7M, and assets of $20.6M (revenue -14.9% year-over-year).
- 2022: Revenue of $54.8M, expenses of $53.6M, and assets of $18.1M (revenue +33.7% year-over-year).
- 2021: Revenue of $41.0M, expenses of $38.1M, and assets of $19.3M (revenue +37.6% year-over-year).
- 2020: Revenue of $29.8M, expenses of $27.5M, and assets of $11.7M (revenue +7.5% year-over-year).
- 2019: Revenue of $27.7M, expenses of $27.4M, and assets of $8.4M (revenue -2.0% year-over-year).
- 2018: Revenue of $28.3M, expenses of $27.7M, and assets of $8.3M (revenue +16.9% year-over-year).
- 2017: Revenue of $24.2M, expenses of $24.5M, and assets of $18.2M (revenue +5.6% year-over-year).
- 2016: Revenue of $22.9M, expenses of $23.3M, and assets of $17.5M (revenue +13.9% year-over-year).
- 2015: Revenue of $20.1M, expenses of $20.2M, and assets of $18.1M (revenue +25.7% year-over-year).
- 2014: Revenue of $16.0M, expenses of $16.2M, and assets of $17.7M (revenue -6.1% year-over-year).
- 2013: Revenue of $17.0M, expenses of $16.8M, and assets of $17.8M (revenue -10.3% year-over-year).
- 2012: Revenue of $19.0M, expenses of $18.9M, and assets of $18.0M (revenue -16.0% year-over-year).
- 2011: Revenue of $22.6M, expenses of $22.5M, and assets of $18.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kennebec Valley Community Action Program:
Data Sources and Methodology
This transparency report for Kennebec Valley Community Action Program 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.