Kennebec Valley Community Action Program

Analysis

Kennebec Valley Community Action Program is a registered charity in United States, based in Waterville, ME. It received its IRS tax-exemption ruling in November 1965, 61 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Kennebec Valley Community Action Program reported income of $46.7m and spending of $43.7m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $27.7m to $46.7m (+68%), an average of +14% a year. The sharpest change came in the year to September 2021, when income rose by 38%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kennebec Valley Community Action Program sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within ME. Charities of a similar size with the same main cause include Community Services for Every1 Inc ($46.6m), Hudson Valley Hospice Inc ($46.7m) and Food in Need of Distribution Inc ($46.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 59% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $316k (0.7% of expenses). Other salaries and wages came to $12.8m. At year end it held assets of $20.6m against liabilities of $8.1m, net assets of $12.5m. It reported 409 employees.