Literacy Volunteers Of Kennebec
EIN: 237409748 · Augusta, ME · NTEE: B60
| Metric | Value |
|---|---|
| Total Revenue | $105K |
| Total Expenses | $85K |
| Net Assets | $145K |
Is Literacy Volunteers Of Kennebec Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Literacy Volunteers Of Kennebec
Literacy Volunteers Of Kennebec (EIN: 237409748) is a nonprofit organization based in Augusta, ME, classified under NTEE code B60. The organization reported total revenue of $105K and total assets of $176K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Literacy Volunteers Of Kennebec's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Literacy Volunteers Of Kennebec is a small nonprofit that has been operating for 22 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of -16.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $83K |
| Total Expenses | $85K |
| Surplus / Deficit | $-2,110 |
| Total Assets | $145K |
| Net Assets | $145K |
| Operating Margin | -2.5% |
| Months of Reserves | 20.4 months |
Financial Health Grade: B
In 2023, Literacy Volunteers Of Kennebec reported a deficit of $2K with expenses exceeding revenue, holds 20.4 months of operating reserves (strong position).
Financial Trends
Over 3 years of filings (2021–2023), Literacy Volunteers Of Kennebec's revenue has declined at a compound annual growth rate (CAGR) of -16.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.1% | -3.6% | +0.5% |
| 2022 | -37.9% | -9.6% | -11.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Literacy Volunteers Of Kennebec 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 Literacy Volunteers Of Kennebec 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 deficit of $2K, with expenses exceeding revenue.
Frequently Asked Questions about Literacy Volunteers Of Kennebec
Is Literacy Volunteers Of Kennebec a legitimate charity?
Based on AI analysis of IRS 990 filings, Literacy Volunteers Of Kennebec (EIN: 237409748) insufficient data. 0 red flags identified, 0 strengths noted.
How does Literacy Volunteers Of Kennebec spend its money?
Detailed spending breakdown data is not yet available for Literacy Volunteers Of Kennebec. Check back for updated IRS 990 analysis.
Are donations to Literacy Volunteers Of Kennebec tax-deductible?
Literacy Volunteers Of Kennebec is registered as a tax-exempt nonprofit (EIN: 237409748). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Literacy Volunteers Of Kennebec located?
Literacy Volunteers Of Kennebec is headquartered in Augusta, Maine and files with the IRS under EIN 237409748. It is classified under NTEE code B60.
How many years of IRS 990 filings does Literacy Volunteers Of Kennebec have?
Literacy Volunteers Of Kennebec has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $105K in total revenue.
Filing History
IRS 990 filing history for Literacy Volunteers Of Kennebec showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Literacy Volunteers Of Kennebec's revenue has declined by 31%, moving from $121K to $83K. Total assets decreased by 10.9% over the same period, from $163K to $145K. Total functional expenses fell by 12.8%, from $98K to $85K. In its most recent filing year (2023), Literacy Volunteers Of Kennebec reported a deficit of $2K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $83K | $85K | $145K | $0 | — | View 990 |
| 2022 | $75K | $89K | $145K | $0 | — | View 990 |
| 2021 | $121K | $98K | $163K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $83K, expenses of $85K, and assets of $145K (revenue +11.1% year-over-year).
- 2022: Revenue of $75K, expenses of $89K, and assets of $145K (revenue -37.9% year-over-year).
- 2021: Revenue of $121K, expenses of $98K, and assets of $163K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Literacy Volunteers Of Kennebec:
Data Sources and Methodology
This transparency report for Literacy Volunteers Of Kennebec 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.