Bridgton Academy

Analysis

Bridgton Academy is a registered charity in United States, based in N Bridgton, ME. It received its IRS tax-exemption ruling in January 1965, 61 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Bridgton Academy reported income of $10.3m and spending of $11.0m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $10.5m to $10.3m (-2.2%), an average of -0.6% a year. The sharpest change came in the year to June 2022, when income rose by 32%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bridgton Academy sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within ME. Charities of a similar size with the same main cause include Little Peoples School Inc ($10.3m), Unity Schools ($10.3m) and Ncinnovation Inc ($10.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.8% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $333k (3.0% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $20.7m against liabilities of $5.1m, net assets of $15.6m. It reported 71 employees.