Kennebunk Beach Improvement Association

Analysis

Kennebunk Beach Improvement Association is a registered charity in United States, based in Kennebunk, ME. It received its IRS tax-exemption ruling in December 1960, 66 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kennebunk Beach Improvement Association reported income of $1.1m and spending of $1.1m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $703k to $1.1m (+52%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 134%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kennebunk Beach Improvement Association sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 77th percentile within ME. Charities of a similar size with the same main cause include Elizabethton Boys & Girls Club ($1.1m), West Side Montessori ($1.1m) and Baltimore Leadership Development Organization Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $93k (8.7% of expenses). Other salaries and wages came to $356k. At year end it held assets of $1.6m against liabilities of $8,554, net assets of $1.6m. It reported 99 employees.