Kennebec Estuary Land Trust

Analysis

Kennebec Estuary Land Trust is a registered charity in United States, based in Bath, ME. It received its IRS tax-exemption ruling in April 1994, 32 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 December 2023, Kennebec Estuary Land Trust reported income of $2.2m and spending of $1.6m, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.2m (+51%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 87%. Over the whole period it spent 57% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Kennebec Estuary Land Trust sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within ME. Charities of a similar size with the same main cause include Land Trust for Tennessee Inc ($2.2m), The Clearwater Conservancy of Central Pennsylvania Inc ($2.2m) and Center for Coalfield Justice ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 5.8% of the total. Compensation of current officers, directors and key employees was $81k (5.2% of expenses). Other salaries and wages came to $198k. At year end it held assets of $9.3m against liabilities of $45k, net assets of $9.3m. It reported 6 employees.