Kittery Art Association

Kittery Art Association maintains substantial assets despite fluctuating revenues and near break-even operations.

EIN: 10282849 · Kittery, ME · NTEE: A51 · Updated: 2026-03-28

$44KRevenue

$727KAssets

85/100Mission Score (Excellent)

A51

About Kittery Art Association

Kittery Art Association (EIN: 10282849) is a nonprofit organization based in Kittery, ME, classified under NTEE code A51. The organization reported total revenue of $44K and total assets of $727K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kittery Art Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Kittery Art Association demonstrates a generally stable financial position with significant assets relative to its annual revenue. While the latest reported revenue is $43,832, the most recent full filing (202409) shows revenue of $176,497 and expenses of $177,575, indicating that the organization is operating near break-even. The substantial assets of $727,322 (latest) and $738,554 (202409) suggest a strong endowment or accumulated reserves, providing a buffer for operations. The organization consistently reports 0% officer compensation across all available filings, which is a positive indicator of volunteer leadership or very low administrative overhead in this area. However, the significant fluctuation in revenue, from $653,771 in 202209 to $176,497 in 202409, warrants further investigation to understand the sustainability of its funding model, especially given the current lower revenue figure.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Kittery Art Association with a Mission Score of 85 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: 85%
fundraising: 5%

According to IRS 990 filings, Kittery Art Association allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly efficient for an organization of its size.

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 Kittery Art Association's IRS 990 filings:

Significant revenue volatility (from $653,771 in 202209 to $176,497 in 202409) could indicate an unstable funding model.
Expenses ($177,575 in 202409) slightly exceeded revenue ($176,497) in the most recent full filing period, indicating a slight operating deficit.

Strengths

The following positive indicators were identified for Kittery Art Association:

Strong asset base ($727,322 latest, $738,554 in 202409) provides financial stability and resilience.
0% officer compensation across all filings indicates highly efficient leadership and volunteer commitment.
Low liabilities ($3,386 in 202409) suggest good financial management and minimal debt.
Operating near break-even in recent periods (e.g., $176,497 revenue vs. $177,575 expenses in 202409) demonstrates a focus on managing costs.

Frequently Asked Questions about Kittery Art Association

Is Kittery Art Association a good charity?

Based on the available data, Kittery Art Association appears to be a good charity. It maintains substantial assets ($727,322 latest) relative to its operating budget, reports 0% officer compensation, and operates near break-even, suggesting efficient use of funds. The high asset base provides financial stability.

What caused the significant revenue drop from $653,771 in 202209 to $176,497 in 202409?

The IRS 990 data alone does not specify the cause. This could be due to a one-time large grant or donation in 202209, a change in fundraising strategy, or a reclassification of revenue. Further investigation into their financial statements would be needed to understand this fluctuation.

How does Kittery Art Association manage to operate with 0% officer compensation?

The 0% officer compensation suggests that the organization's key leadership roles are filled by volunteers, or that any compensation for these roles falls below the reporting threshold or is categorized differently. This is a strong indicator of dedication and cost-efficiency.

Filing History

IRS 990 filing history for Kittery Art Association showing financial trends over 3 years of public records:

Over 3 years of IRS 990 filings (2022–2024), Kittery Art Association's revenue has declined by 73%, moving from $654K to $176K. Total assets decreased by 4.3% over the same period, from $772K to $739K. Total functional expenses rose by 143.7%, from $73K to $178K. In its most recent filing year (2024), Kittery Art Association reported a deficit of $1K, with expenses exceeding revenue. The organization holds $3K in liabilities against $739K in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $735K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$176K	$178K	$739K	$3K	—	—
2023	$119K	$154K	$737K	$893	—	—
2022	$654K	$73K	$772K	$766	—	View 990

Year-by-Year Financial Summary

2024: Revenue of $176K, expenses of $178K, and assets of $739K (revenue +48.2% year-over-year).
2023: Revenue of $119K, expenses of $154K, and assets of $737K (revenue -81.8% year-over-year).
2022: Revenue of $654K, expenses of $73K, and assets of $772K.

Data Sources and Methodology

This transparency report for Kittery Art Association 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.