Kent Land Trust Foundation Inc
EIN: 61599241 · Kent, CT · NTEE: C340
Is Kent Land Trust Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Kent Land Trust Foundation Inc
Kent Land Trust Foundation Inc (EIN: 61599241) is a nonprofit organization based in Kent, CT, classified under NTEE code C340. The organization reported total revenue of $63K and total assets of $3.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kent Land Trust Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kent Land Trust Foundation Inc is a micro nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $79K |
| Total Expenses | $2K |
| Surplus / Deficit | +$77K |
| Total Assets | $2.7M |
| Net Assets | $2.7M |
| Operating Margin | 97.0% |
| Months of Reserves | 13626.9 months |
Financial Health Grade: A
In 2023, Kent Land Trust Foundation Inc reported a surplus of $77K with revenue exceeding expenses, holds 13626.9 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Kent Land Trust Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +73.6% | -58.3% | +23.2% |
| 2022 | -14.2% | +2.9% | -15.3% |
| 2021 | -88.6% | +1.8% | +23.3% |
| 2020 | +977.4% | -90.3% | +50.1% |
| 2019 | +12.1% | +9.0% | +19.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Kent Land Trust Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Kent Land Trust Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $77K, with revenue exceeding expenses.
Frequently Asked Questions about Kent Land Trust Foundation Inc
Is Kent Land Trust Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Kent Land Trust Foundation Inc (EIN: 61599241) insufficient data. 0 red flags identified, 0 strengths noted.
How does Kent Land Trust Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Kent Land Trust Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Kent Land Trust Foundation Inc tax-deductible?
Kent Land Trust Foundation Inc is registered as a tax-exempt nonprofit (EIN: 61599241). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Kent Land Trust Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Kent Land Trust Foundation Inc's revenue has grown by 45.4%, moving from $54K to $79K. Total assets increased by 361.5% over the same period, from $591K to $2.7M. Total functional expenses fell by 89.3%, from $22K to $2K. In its most recent filing year (2023), Kent Land Trust Foundation Inc reported a surplus of $77K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $79K | $2K | $2.7M | $0 | — | — |
| 2022 | $46K | $6K | $2.2M | $0 | — | View 990 |
| 2021 | $53K | $6K | $2.6M | $0 | — | — |
| 2020 | $464K | $6K | $2.1M | $0 | — | — |
| 2019 | $43K | $56K | $1.4M | $51K | — | View 990 |
| 2018 | $38K | $52K | $1.2M | $47K | — | View 990 |
| 2017 | $45K | $44K | $1.2M | $44K | — | View 990 |
| 2016 | $17K | $39K | $1.1M | $39K | — | View 990 |
| 2015 | $76K | $36K | $1.0M | $36K | — | View 990 |
| 2014 | $119K | $35K | $973K | $35K | — | View 990 |
| 2013 | $79K | $30K | $872K | $30K | — | View 990 |
| 2012 | $56K | $25K | $680K | $25K | — | View 990 |
| 2011 | $54K | $22K | $591K | $22K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $79K, expenses of $2K, and assets of $2.7M (revenue +73.6% year-over-year).
- 2022: Revenue of $46K, expenses of $6K, and assets of $2.2M (revenue -14.2% year-over-year).
- 2021: Revenue of $53K, expenses of $6K, and assets of $2.6M (revenue -88.6% year-over-year).
- 2020: Revenue of $464K, expenses of $6K, and assets of $2.1M (revenue +977.4% year-over-year).
- 2019: Revenue of $43K, expenses of $56K, and assets of $1.4M (revenue +12.1% year-over-year).
- 2018: Revenue of $38K, expenses of $52K, and assets of $1.2M (revenue -15.3% year-over-year).
- 2017: Revenue of $45K, expenses of $44K, and assets of $1.2M (revenue +161.9% year-over-year).
- 2016: Revenue of $17K, expenses of $39K, and assets of $1.1M (revenue -77.2% year-over-year).
- 2015: Revenue of $76K, expenses of $36K, and assets of $1.0M (revenue -36.3% year-over-year).
- 2014: Revenue of $119K, expenses of $35K, and assets of $973K (revenue +51.2% year-over-year).
- 2013: Revenue of $79K, expenses of $30K, and assets of $872K (revenue +40.8% year-over-year).
- 2012: Revenue of $56K, expenses of $25K, and assets of $680K (revenue +3.1% year-over-year).
- 2011: Revenue of $54K, expenses of $22K, and assets of $591K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kent Land Trust Foundation Inc:
Data Sources and Methodology
This transparency report for Kent Land Trust Foundation 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.