Kennebec Valley Humane Society
Kennebec Valley Humane Society shows strong financial growth and asset accumulation with zero reported officer compensation.
EIN: 10266549 · Augusta, ME · NTEE: D200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $1.2M |
| Program Spending | 80% |
| Net Assets | $8.7M |
| Transparency Score | 90/100 |
Is Kennebec Valley Humane Society Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kennebec Valley Humane Society directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kennebec Valley Humane Society
Kennebec Valley Humane Society (EIN: 10266549) is a nonprofit organization based in Augusta, ME, classified under NTEE code D200. The organization reported total revenue of $1.7M and total assets of $9.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kennebec Valley Humane Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kennebec Valley Humane Society is a mid-size 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 18.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.7M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$2.5M |
| Total Assets | $9.3M |
| Total Liabilities | $613K |
| Net Assets | $8.7M |
| Operating Margin | 67.0% |
| Debt-to-Asset Ratio | 6.6% |
| Months of Reserves | 90.6 months |
Financial Health Grade: A
In 2023, Kennebec Valley Humane Society reported a surplus of $2.5M with revenue exceeding expenses, holds 90.6 months of operating reserves (strong position), has a debt-to-asset ratio of 6.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Kennebec Valley Humane Society's revenue has grown at a compound annual growth rate (CAGR) of 18.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -21.0% | +13.8% | +51.3% |
| 2022 | +137.6% | +15.7% | +138.4% |
| 2021 | +125.9% | +9.7% | +72.5% |
| 2020 | +1.3% | -9.6% | +3.0% |
| 2019 | -15.1% | +12.1% | -2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 4000 |
| 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 Humane Society with a Mission Score of 90 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: 80%
- fundraising: 10%
According to IRS 990 filings, Kennebec Valley Humane Society allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $2.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers or that it is negligible, which is a strong positive for donor confidence and resource allocation to programs.
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 Humane Society:
- Significant asset growth, from $1,497,681 in 2020 to $9,317,332 in 2023.
- Strong revenue generation, peaking at $4,736,233 in 2022.
- Expenses consistently well below revenue in recent years, indicating efficient operations and surplus generation.
- Consistent reporting of 0% officer compensation, demonstrating high transparency and dedication of funds to mission.
- Healthy financial reserves with assets significantly exceeding liabilities (e.g., $9,317,332 assets vs. $612,796 liabilities in 2023).
Frequently Asked Questions about Kennebec Valley Humane Society
Is Kennebec Valley Humane Society a legitimate charity?
Kennebec Valley Humane Society (EIN: 10266549) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.7M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Kennebec Valley Humane Society spend its money?
Kennebec Valley Humane Society directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Kennebec Valley Humane Society tax-deductible?
Kennebec Valley Humane Society is registered as a tax-exempt nonprofit (EIN: 10266549). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Kennebec Valley Humane Society's spending goes to programs?
Kennebec Valley Humane Society directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Kennebec Valley Humane Society compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Kennebec Valley Humane Society is above average for NTEE category D200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Kennebec Valley Humane Society located?
Kennebec Valley Humane Society is headquartered in Augusta, Maine and files with the IRS under EIN 10266549. It is classified under NTEE code D200.
How many years of IRS 990 filings does Kennebec Valley Humane Society have?
Kennebec Valley Humane Society 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 $1.7M in total revenue.
Is Kennebec Valley Humane Society a good charity?
Based on the provided financial data, Kennebec Valley Humane Society appears to be a very good charity. They demonstrate strong financial health, significant asset growth, and a commitment to transparency with 0% reported officer compensation.
How has the organization's financial health changed over time?
The organization's financial health has dramatically improved, especially from 2020 onwards. Assets grew from $1,497,681 in 2020 to $9,317,332 in 2023, and revenue saw a substantial increase, reaching $4,736,233 in 2022 compared to $882,475 in 2020.
What is the trend in their revenue versus expenses?
In recent years (2021-2023), revenue has significantly outpaced expenses, leading to substantial surpluses. For example, in 2023, revenue was $3,742,982 against expenses of $1,234,098, indicating strong financial management and growth.
Filing History
IRS 990 filing history for Kennebec Valley Humane Society showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Kennebec Valley Humane Society's revenue has grown by 679.6%, moving from $480K to $3.7M. Total assets increased by 13633.7% over the same period, from $68K to $9.3M. Total functional expenses rose by 139.1%, from $516K to $1.2M. In its most recent filing year (2023), Kennebec Valley Humane Society reported a surplus of $2.5M, with revenue exceeding expenses. The organization holds $613K in liabilities against $9.3M in assets (debt-to-asset ratio: 6.6%), resulting in net assets of $8.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.7M | $1.2M | $9.3M | $613K | — | — |
| 2022 | $4.7M | $1.1M | $6.2M | $230 | — | View 990 |
| 2021 | $2.0M | $938K | $2.6M | $6K | — | View 990 |
| 2020 | $882K | $855K | $1.5M | $1K | — | View 990 |
| 2019 | $871K | $946K | $1.5M | $4K | — | View 990 |
| 2018 | $1.0M | $844K | $1.5M | $6K | — | View 990 |
| 2017 | $992K | $765K | $492K | $5K | — | View 990 |
| 2016 | $594K | $663K | $266K | $5K | — | View 990 |
| 2015 | $593K | $593K | $338K | $8K | — | View 990 |
| 2014 | $730K | $523K | $330K | $140 | — | View 990 |
| 2013 | $557K | $511K | $154K | $15K | — | View 990 |
| 2012 | $505K | $489K | $92K | $-229 | — | View 990 |
| 2011 | $480K | $516K | $68K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.7M, expenses of $1.2M, and assets of $9.3M (revenue -21.0% year-over-year).
- 2022: Revenue of $4.7M, expenses of $1.1M, and assets of $6.2M (revenue +137.6% year-over-year).
- 2021: Revenue of $2.0M, expenses of $938K, and assets of $2.6M (revenue +125.9% year-over-year).
- 2020: Revenue of $882K, expenses of $855K, and assets of $1.5M (revenue +1.3% year-over-year).
- 2019: Revenue of $871K, expenses of $946K, and assets of $1.5M (revenue -15.1% year-over-year).
- 2018: Revenue of $1.0M, expenses of $844K, and assets of $1.5M (revenue +3.5% year-over-year).
- 2017: Revenue of $992K, expenses of $765K, and assets of $492K (revenue +67.1% year-over-year).
- 2016: Revenue of $594K, expenses of $663K, and assets of $266K (revenue +0.0% year-over-year).
- 2015: Revenue of $593K, expenses of $593K, and assets of $338K (revenue -18.8% year-over-year).
- 2014: Revenue of $730K, expenses of $523K, and assets of $330K (revenue +31.1% year-over-year).
- 2013: Revenue of $557K, expenses of $511K, and assets of $154K (revenue +10.4% year-over-year).
- 2012: Revenue of $505K, expenses of $489K, and assets of $92K (revenue +5.1% year-over-year).
- 2011: Revenue of $480K, expenses of $516K, and assets of $68K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kennebec Valley Humane Society:
Data Sources and Methodology
This transparency report for Kennebec Valley Humane Society 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.