Berwick Academy Trustees

Analysis

Berwick Academy Trustees is a registered charity in United States, based in South Berwick, ME. It received its IRS tax-exemption ruling in December 1941, 85 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, Berwick Academy Trustees reported income of $26.1m and spending of $26.4m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $24.2m to $26.1m (+7.7%), an average of +1.9% a year. The sharpest change came in the year to June 2021, when income rose by 23%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Berwick Academy Trustees sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within ME. Charities of a similar size with the same main cause include Two Rivers Public Charter School Inc ($26.1m), Center for Early Education ($26.1m) and Laurel School ($26.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.3% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $638k (2.4% of expenses). Other salaries and wages came to $9.3m. At year end it held assets of $57.7m against liabilities of $13.2m, net assets of $44.5m. It reported 272 employees.