Kieve-Wavus Education Inc

Analysis

Kieve-Wavus Education Inc is a registered charity in United States, based in Nobleboro, ME. It received its IRS tax-exemption ruling in February 1974, 52 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Kieve-Wavus Education Inc reported income of $12.5m and spending of $14.2m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.9m to $12.5m (+15%), an average of +3.4% a year. The sharpest change came in the year to December 2021, when income rose by 321%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kieve-Wavus Education Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within ME. Charities of a similar size with the same main cause include The William H Miner Agricultural Research Institute ($12.5m), Angels Place ($12.5m) and Second Helpings Atlanta Inc ($12.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $936k (6.6% of expenses). Other salaries and wages came to $5.1m. At year end it held assets of $47.3m against liabilities of $5.8m, net assets of $41.5m. It reported 301 employees.