Kent Water Co Inc
EIN: 351105235 · Hanover, IN
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $916K |
| Net Assets | $8.1M |
Is Kent Water Co 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 Water Co Inc
Kent Water Co Inc (EIN: 351105235) is a nonprofit organization based in Hanover, IN. The organization reported total revenue of $1.2M and total assets of $8.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kent Water Co Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kent Water Co Inc is a mid-size nonprofit that has been operating for 58 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $916K |
| Surplus / Deficit | +$251K |
| Total Assets | $8.2M |
| Total Liabilities | $41K |
| Net Assets | $8.1M |
| Operating Margin | 21.5% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 107.1 months |
Financial Health Grade: A
In 2023, Kent Water Co Inc reported a surplus of $251K with revenue exceeding expenses, holds 107.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Kent Water Co Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.1% | +6.6% | +3.3% |
| 2022 | +38.0% | -0.1% | +6.7% |
| 2021 | +2.4% | +6.1% | +1.8% |
| 2020 | +8.2% | -1.4% | +2.0% |
| 2019 | -4.8% | +6.6% | +1.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 4000 |
| IRS Ruling Date | 1968 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Kent Water Co 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 Water Co 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 $251K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.5%.
Frequently Asked Questions about Kent Water Co Inc
Is Kent Water Co Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Kent Water Co Inc (EIN: 351105235) insufficient data. 0 red flags identified, 0 strengths noted.
How does Kent Water Co Inc spend its money?
Detailed spending breakdown data is not yet available for Kent Water Co Inc. Check back for updated IRS 990 analysis.
Are donations to Kent Water Co Inc tax-deductible?
Kent Water Co Inc is registered as a tax-exempt nonprofit (EIN: 351105235). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Kent Water Co Inc located?
Kent Water Co Inc is headquartered in Hanover, Indiana and files with the IRS under EIN 351105235.
How many years of IRS 990 filings does Kent Water Co Inc have?
Kent Water Co 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 $1.2M in total revenue.
Filing History
IRS 990 filing history for Kent Water Co Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Kent Water Co Inc's revenue has grown by 44.8%, moving from $806K to $1.2M. Total assets increased by 32.6% over the same period, from $6.2M to $8.2M. Total functional expenses rose by 34.4%, from $682K to $916K. In its most recent filing year (2023), Kent Water Co Inc reported a surplus of $251K, with revenue exceeding expenses. The organization holds $41K in liabilities against $8.2M in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $8.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $916K | $8.2M | $41K | — | — |
| 2022 | $1.4M | $859K | $7.9M | $34K | — | View 990 |
| 2021 | $984K | $860K | $7.4M | $35K | — | View 990 |
| 2020 | $961K | $811K | $7.3M | $29K | — | — |
| 2019 | $888K | $822K | $7.1M | $38K | — | View 990 |
| 2018 | $933K | $771K | $7.1M | $34K | — | View 990 |
| 2017 | $916K | $736K | $6.9M | $32K | — | View 990 |
| 2016 | $916K | $738K | $7.0M | $291K | — | View 990 |
| 2015 | $797K | $722K | $7.0M | $515K | — | View 990 |
| 2014 | $911K | $736K | $6.5M | $30K | — | View 990 |
| 2013 | $955K | $956K | $6.3M | $37K | — | View 990 |
| 2012 | $828K | $687K | $6.3M | $34K | — | View 990 |
| 2011 | $806K | $682K | $6.2M | $36K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $916K, and assets of $8.2M (revenue -14.1% year-over-year).
- 2022: Revenue of $1.4M, expenses of $859K, and assets of $7.9M (revenue +38.0% year-over-year).
- 2021: Revenue of $984K, expenses of $860K, and assets of $7.4M (revenue +2.4% year-over-year).
- 2020: Revenue of $961K, expenses of $811K, and assets of $7.3M (revenue +8.2% year-over-year).
- 2019: Revenue of $888K, expenses of $822K, and assets of $7.1M (revenue -4.8% year-over-year).
- 2018: Revenue of $933K, expenses of $771K, and assets of $7.1M (revenue +1.9% year-over-year).
- 2017: Revenue of $916K, expenses of $736K, and assets of $6.9M (revenue +-0.0% year-over-year).
- 2016: Revenue of $916K, expenses of $738K, and assets of $7.0M (revenue +14.9% year-over-year).
- 2015: Revenue of $797K, expenses of $722K, and assets of $7.0M (revenue -12.6% year-over-year).
- 2014: Revenue of $911K, expenses of $736K, and assets of $6.5M (revenue -4.6% year-over-year).
- 2013: Revenue of $955K, expenses of $956K, and assets of $6.3M (revenue +15.3% year-over-year).
- 2012: Revenue of $828K, expenses of $687K, and assets of $6.3M (revenue +2.8% year-over-year).
- 2011: Revenue of $806K, expenses of $682K, and assets of $6.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kent Water Co Inc:
Data Sources and Methodology
This transparency report for Kent Water Co 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.