Hebron Academy Incorporated

Analysis

Hebron Academy Incorporated is a registered charity in United States, based in Hebron, ME. It received its IRS tax-exemption ruling in May 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, Hebron Academy Incorporated reported income of $13.2m and spending of $16.8m, spending 127% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $15.9m to $13.2m (-17%), an average of -4.6% a year. The sharpest change came in the year to June 2023, when income dropped by 24%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hebron Academy Incorporated sits at the 94th percentile: it is larger than about 94% 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 Ellis School ($13.2m), Waldorf School of Garden City ($13.2m) and Compass Public Charter School Inc ($13.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $348k (2.1% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $56.8m against liabilities of $13.5m, net assets of $43.2m. It reported 124 employees.