The Kennebec Land Trust
Kennebec Land Trust consistently grows assets with strong revenue surpluses and no reported officer compensation.
EIN: 10440729 · Winthrop, ME · NTEE: C340 · Updated: 2026-03-28
Is The Kennebec Land Trust Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Kennebec Land Trust directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Kennebec Land Trust
The Kennebec Land Trust (EIN: 10440729) is a nonprofit organization based in Winthrop, ME, classified under NTEE code C340. The organization reported total revenue of $2.0M and total assets of $10.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Kennebec Land Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Kennebec Land Trust is a mid-size nonprofit that has been operating for 33 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 5.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $850K |
| Total Expenses | $536K |
| Surplus / Deficit | +$314K |
| Total Assets | $9.1M |
| Total Liabilities | $6K |
| Net Assets | $9.1M |
| Operating Margin | 37.0% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 202.9 months |
Financial Health Grade: A
In 2024, The Kennebec Land Trust reported a surplus of $314K with revenue exceeding expenses, holds 202.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), The Kennebec Land Trust's revenue has grown at a compound annual growth rate (CAGR) of 5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -14.1% | +19.0% | +4.8% |
| 2023 | -5.1% | -5.8% | +7.3% |
| 2022 | +81.4% | +8.0% | +3.9% |
| 2021 | -40.0% | +10.8% | +4.6% |
| 2020 | +29.9% | +3.4% | +7.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 The Kennebec Land Trust with a Mission Score of 92 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, The Kennebec Land Trust 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.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $314K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
The Kennebec Land Trust reports 0% officer compensation across all available filings, indicating that its leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for a nonprofit of its size with assets exceeding $9 million.
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 The Kennebec Land Trust:
- Consistent revenue exceeding expenses, leading to healthy surpluses (e.g., $849,598 revenue vs. $535,671 expenses in 202406).
- Significant and consistent growth in assets, from $5.1 million in 201506 to over $9 million in 202406.
- Extremely low liabilities relative to assets, indicating strong financial stability and minimal debt.
- 0% reported officer compensation across all filings, suggesting high efficiency and dedication to mission.
- Long history of IRS 990 filings (14 periods), demonstrating commitment to transparency and compliance.
Frequently Asked Questions about The Kennebec Land Trust
Is The Kennebec Land Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, The Kennebec Land Trust (EIN: 10440729) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does The Kennebec Land Trust spend its money?
The Kennebec Land Trust directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Kennebec Land Trust tax-deductible?
The Kennebec Land Trust is registered as a tax-exempt nonprofit (EIN: 10440729). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is The Kennebec Land Trust a good charity?
Based on the provided financial data, The Kennebec Land Trust appears to be a very good charity. It consistently generates surpluses, grows its assets, maintains low liabilities, and reports no officer compensation, all indicative of strong financial health and mission focus.
How has The Kennebec Land Trust's financial health changed over time?
The Kennebec Land Trust has shown consistent financial growth and stability. Its assets have nearly doubled from $5.1 million in 201506 to over $9 million in 202406, while maintaining healthy revenue streams and keeping expenses well below revenue in most periods.
What is the trend in The Kennebec Land Trust's revenue and expenses?
Revenue has fluctuated year-to-year, ranging from $574,661 in 202106 to $1,489,928 in 201706, but generally remains robust. Expenses have been consistently lower than revenue in most periods, demonstrating effective cost control and leading to consistent surpluses.
Filing History
IRS 990 filing history for The Kennebec Land Trust showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), The Kennebec Land Trust's revenue has grown by 89%, moving from $450K to $850K. Total assets increased by 114% over the same period, from $4.2M to $9.1M. Total functional expenses rose by 235.7%, from $160K to $536K. In its most recent filing year (2024), The Kennebec Land Trust reported a surplus of $314K, with revenue exceeding expenses. The organization holds $6K in liabilities against $9.1M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $9.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $850K | $536K | $9.1M | $6K | — | View 990 |
| 2023 | $989K | $450K | $8.6M | $4K | — | View 990 |
| 2022 | $1.0M | $478K | $8.1M | $14K | — | View 990 |
| 2021 | $575K | $442K | $7.7M | $2K | — | View 990 |
| 2020 | $958K | $399K | $7.4M | $52K | — | View 990 |
| 2019 | $737K | $386K | $6.9M | $86K | — | View 990 |
| 2018 | $1.2M | $371K | $6.5M | $39K | — | View 990 |
| 2017 | $1.5M | $1.3M | $5.6M | $60K | — | View 990 |
| 2016 | $694K | $310K | $6.0M | $592K | — | View 990 |
| 2015 | $849K | $327K | $5.1M | $92K | — | View 990 |
| 2014 | $350K | $358K | $4.7M | $101K | — | View 990 |
| 2013 | $452K | $225K | $4.5M | $0 | — | View 990 |
| 2012 | $669K | $622K | $4.3M | $0 | — | View 990 |
| 2011 | $450K | $160K | $4.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $850K, expenses of $536K, and assets of $9.1M (revenue -14.1% year-over-year).
- 2023: Revenue of $989K, expenses of $450K, and assets of $8.6M (revenue -5.1% year-over-year).
- 2022: Revenue of $1.0M, expenses of $478K, and assets of $8.1M (revenue +81.4% year-over-year).
- 2021: Revenue of $575K, expenses of $442K, and assets of $7.7M (revenue -40.0% year-over-year).
- 2020: Revenue of $958K, expenses of $399K, and assets of $7.4M (revenue +29.9% year-over-year).
- 2019: Revenue of $737K, expenses of $386K, and assets of $6.9M (revenue -39.6% year-over-year).
- 2018: Revenue of $1.2M, expenses of $371K, and assets of $6.5M (revenue -18.0% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.3M, and assets of $5.6M (revenue +114.6% year-over-year).
- 2016: Revenue of $694K, expenses of $310K, and assets of $6.0M (revenue -18.2% year-over-year).
- 2015: Revenue of $849K, expenses of $327K, and assets of $5.1M (revenue +142.3% year-over-year).
- 2014: Revenue of $350K, expenses of $358K, and assets of $4.7M (revenue -22.4% year-over-year).
- 2013: Revenue of $452K, expenses of $225K, and assets of $4.5M (revenue -32.5% year-over-year).
- 2012: Revenue of $669K, expenses of $622K, and assets of $4.3M (revenue +48.9% year-over-year).
- 2011: Revenue of $450K, expenses of $160K, and assets of $4.2M.
Data Sources and Methodology
This transparency report for The Kennebec Land Trust 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.