Southern Kennebec Child Development Corporation

Analysis

Southern Kennebec Child Development Corporation is a registered charity in United States, based in Farmingdale, ME. It received its IRS tax-exemption ruling in October 1969, 57 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 May 2024, Southern Kennebec Child Development Corporation reported income of $5.7m and spending of $5.5m, spending 96% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $5.0m to $5.7m (+15%), an average of +3.5% a year. The sharpest change came in the year to May 2024, when income rose by 17%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southern Kennebec Child Development Corporation sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within ME. Charities of a similar size with the same main cause include The Dee Norton Lowcountry Childrens Center Inc ($5.7m), Indianhead Community Action Agency ($5.7m) and American Indian Oic Inc ($5.7m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 93% and program service revenue 5.3% of the total. Compensation of current officers, directors and key employees was $358k (6.5% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $3.4m against liabilities of $710k, net assets of $2.7m. It reported 94 employees.