Foxcroft Academy Trustees

Analysis

Foxcroft Academy Trustees is a registered charity in United States, based in Dovr Foxcroft, ME. It received its IRS tax-exemption ruling in May 1972, 54 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, Foxcroft Academy Trustees reported income of $12.9m and spending of $12.2m, spending 95% of its income. Across the 4 years on record, from June 2019 to June 2023, income fell from $13.3m to $12.9m (-3.0%), an average of -1.0% a year. The sharpest change came in the year to June 2021, when income dropped by 25%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foxcroft Academy Trustees 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 National Congress of Parents and Teachers ($12.9m), Merrick Academy Queens Public Charter School ($12.9m) and Missouri Military Academy ($12.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $409k (3.4% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $31.5m against liabilities of $15.8m, net assets of $15.8m. It reported 157 employees.