Kennebec Valley Art Association

Analysis

Kennebec Valley Art Association is a registered charity in United States, based in Sidney, ME. It received its IRS tax-exemption ruling in November 1963, 63 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 December 2021, Kennebec Valley Art Association reported income of $80k and spending of $99k, spending 123% of what it took in. Across the 2 years on record, from December 2020 to December 2021, income grew from $72k to $80k (+11%), an average of +11% a year. Over the whole period it spent 125% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kennebec Valley Art Association sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 24th percentile within ME. Charities of a similar size with the same main cause include Friends of Universite Laval ($80k), Young Peoples Performing Arts Theatre Inc ($80k) and Lawton Mobile Meals Inc ($80k).

On its Form 990-EZ for the period ending December 2021, revenue came from contributions and grants 45% and program service revenue 44% of the total. At year end it held assets of $106k against liabilities of $878, net assets of $105k.