Kennebec Valley Community College Foundation

Analysis

Kennebec Valley Community College Foundation is a registered charity in United States, based in Fairfield, ME. It received its IRS tax-exemption ruling in March 1993, 33 years ago. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Kennebec Valley Community College Foundation reported income of $535k and spending of $400k, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $501k to $535k (+6.6%), an average of +1.6% a year. The sharpest change came in the year to June 2021, when income rose by 71%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kennebec Valley Community College Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within ME. Charities of a similar size with the same main cause include My School Inc ($534k), The Little School Inc ($535k) and Help Office of Owensboro Inc ($534k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% of the total. Other salaries and wages came to $62k. At year end it held assets of $5.6m against liabilities of $34k, net assets of $5.5m.