Kennebec Valley Mental Health Center

Analysis

Kennebec Valley Mental Health Center is a registered charity in United States, based in Waterville, ME. It received its IRS tax-exemption ruling in November 1964, 62 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Kennebec Valley Mental Health Center reported income of $41.8m and spending of $39.4m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $31.1m to $41.8m (+35%), an average of +7.7% a year. The sharpest change came in the year to June 2021, when income rose by 23%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Kennebec Valley Mental Health Center sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within ME. Charities of a similar size with the same main cause include United Odd Fellow and Rebekah Home ($41.8m), Apt Foundation Inc ($41.9m) and Choc Foundation ($41.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $303k (0.8% of expenses). Other salaries and wages came to $21.7m. At year end it held assets of $18.6m against liabilities of $10.6m, net assets of $8.0m. It reported 461 employees.