United Way of Kennebec Valley

Analysis

United Way of Kennebec Valley is a registered charity in United States, based in Augusta, ME. It received its IRS tax-exemption ruling in February 1965, 61 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, United Way of Kennebec Valley reported income of $1.6m and spending of $1.9m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $1.6m (-3.8%), an average of -1.0% a year. The sharpest change came in the year to December 2020, when income rose by 26%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, United Way of Kennebec Valley sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 82nd percentile within ME. Charities of a similar size with the same main cause include World Education and Development Fund ($1.6m), Onespartanburg Inc Foundation ($1.6m) and United Way of Southern Chautauqua County ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 8.8% of the total. Compensation of current officers, directors and key employees was $124k (6.6% of expenses). Other salaries and wages came to $307k. At year end it held assets of $3.3m against liabilities of $936k, net assets of $2.3m. It reported 11 employees.