United Way Of Kennebec Valley
United Way Of Kennebec Valley shows consistent asset growth but experienced a deficit in its latest reported fiscal period.
EIN: 16004404 · Augusta, ME · NTEE: T700 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.1M |
| Total Expenses | $1.9M |
| Program Spending | 75% |
| Net Assets | $2.3M |
| Transparency Score | 85/100 |
Is United Way Of Kennebec Valley Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
United Way Of Kennebec Valley directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About United Way Of Kennebec Valley
United Way Of Kennebec Valley (EIN: 16004404) is a nonprofit organization based in Augusta, ME, classified under NTEE code T700. The organization reported total revenue of $2.1M and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of United Way Of Kennebec Valley's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
United Way Of Kennebec Valley is a mid-size nonprofit that has been operating for 61 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.9M |
| Surplus / Deficit | $-266,928 |
| Total Assets | $3.3M |
| Total Liabilities | $936K |
| Net Assets | $2.3M |
| Operating Margin | -16.6% |
| Debt-to-Asset Ratio | 28.6% |
| Months of Reserves | 21.0 months |
Financial Health Grade: B
In 2023, United Way Of Kennebec Valley reported a deficit of $267K with expenses exceeding revenue, holds 21.0 months of operating reserves (strong position), has a debt-to-asset ratio of 28.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), United Way Of Kennebec Valley's revenue has grown at a compound annual growth rate (CAGR) of 1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.9% | +28.2% | +2.4% |
| 2022 | -23.7% | -11.6% | +7.4% |
| 2021 | -1.0% | -9.2% | +14.5% |
| 2020 | +26.2% | +8.3% | +17.6% |
| 2019 | -4.4% | +2.3% | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1965 |
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 United Way Of Kennebec Valley 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, United Way Of Kennebec Valley allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $267K, with expenses exceeding revenue.
- Debt-to-asset ratio: 28.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no officers receive reportable salaries, which is highly favorable for directing funds to programs.
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 United Way Of Kennebec Valley's IRS 990 filings:
- Expenses exceeded revenue in the latest reported period (202312), indicating a deficit.
- Liabilities have shown an increasing trend, reaching $936,146 in 202312, which warrants monitoring.
Strengths
The following positive indicators were identified for United Way Of Kennebec Valley:
- Consistent asset growth over the past decade, reaching $3,568,496.
- Zero reported officer compensation across all available filings, indicating strong financial stewardship and dedication of funds to mission.
- Maintained significant revenue streams, generally above $1.5 million annually.
- Long history of IRS 990 filings (13 filings), suggesting consistent compliance and transparency.
Frequently Asked Questions about United Way Of Kennebec Valley
Is United Way Of Kennebec Valley a legitimate charity?
Based on AI analysis of IRS 990 filings, United Way Of Kennebec Valley (EIN: 16004404) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does United Way Of Kennebec Valley spend its money?
United Way Of Kennebec Valley directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to United Way Of Kennebec Valley tax-deductible?
United Way Of Kennebec Valley is registered as a tax-exempt nonprofit (EIN: 16004404). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of United Way Of Kennebec Valley's spending goes to programs?
United Way Of Kennebec Valley directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does United Way Of Kennebec Valley compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), United Way Of Kennebec Valley is above average for NTEE category T700 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is United Way Of Kennebec Valley located?
United Way Of Kennebec Valley is headquartered in Augusta, Maine and files with the IRS under EIN 16004404. It is classified under NTEE code T700.
How many years of IRS 990 filings does United Way Of Kennebec Valley have?
United Way Of Kennebec Valley 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 $2.1M in total revenue.
What caused the significant increase in liabilities to $936,146 in 202312?
The IRS 990 filings show a notable increase in liabilities from $752,132 in 202212 to $936,146 in 202312. Further investigation into the specific line items on the 990, such as accounts payable, grants payable, or deferred revenue, would be necessary to understand the nature of this increase.
Why did expenses exceed revenue in the 202312 period?
In the 202312 period, United Way Of Kennebec Valley reported expenses of $1,872,696 against revenue of $1,605,768, resulting in a deficit. This could be due to one-time investments, a temporary dip in donations, or increased program costs. Analyzing the detailed expense breakdown in the 990 would provide more clarity.
How does the organization sustain operations with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that either the highest-ranking individuals are volunteers, or their compensation falls below the IRS reporting threshold for officers, or they are compensated through other means not classified as officer compensation on the 990. This practice allows a greater proportion of funds to be allocated to programs.
Filing History
IRS 990 filing history for United Way Of Kennebec Valley showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), United Way Of Kennebec Valley's revenue has grown by 14.4%, moving from $1.4M to $1.6M. Total assets increased by 140.5% over the same period, from $1.4M to $3.3M. Total functional expenses rose by 40.6%, from $1.3M to $1.9M. In its most recent filing year (2023), United Way Of Kennebec Valley reported a deficit of $267K, with expenses exceeding revenue. The organization holds $936K in liabilities against $3.3M in assets (debt-to-asset ratio: 28.6%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $1.9M | $3.3M | $936K | — | — |
| 2022 | $1.6M | $1.5M | $3.2M | $752K | — | View 990 |
| 2021 | $2.1M | $1.7M | $3.0M | $534K | — | View 990 |
| 2020 | $2.1M | $1.8M | $2.6M | $651K | — | — |
| 2019 | $1.7M | $1.7M | $2.2M | $595K | — | View 990 |
| 2018 | $1.7M | $1.6M | $2.2M | $611K | — | View 990 |
| 2017 | $1.9M | $1.6M | $2.0M | $405K | — | View 990 |
| 2016 | $1.4M | $1.5M | $1.5M | $303K | — | View 990 |
| 2015 | $1.5M | $1.6M | $1.6M | $285K | — | View 990 |
| 2014 | $1.6M | $1.5M | $1.6M | $236K | — | View 990 |
| 2013 | $1.5M | $1.4M | $1.5M | $229K | — | View 990 |
| 2012 | $1.4M | $1.5M | $1.4M | $259K | — | View 990 |
| 2011 | $1.4M | $1.3M | $1.4M | $214K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $1.9M, and assets of $3.3M (revenue +0.9% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.5M, and assets of $3.2M (revenue -23.7% year-over-year).
- 2021: Revenue of $2.1M, expenses of $1.7M, and assets of $3.0M (revenue -1.0% year-over-year).
- 2020: Revenue of $2.1M, expenses of $1.8M, and assets of $2.6M (revenue +26.2% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.7M, and assets of $2.2M (revenue -4.4% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.6M, and assets of $2.2M (revenue -7.7% year-over-year).
- 2017: Revenue of $1.9M, expenses of $1.6M, and assets of $2.0M (revenue +32.2% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.5M, and assets of $1.5M (revenue -6.8% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.6M, and assets of $1.6M (revenue -2.5% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.5M, and assets of $1.6M (revenue +3.3% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.4M, and assets of $1.5M (revenue +6.4% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.5M, and assets of $1.4M (revenue +2.0% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.3M, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for United Way Of Kennebec Valley:
Data Sources and Methodology
This transparency report for United Way Of Kennebec Valley 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.