George Stevens Academy

Analysis

George Stevens Academy is a registered charity in United States, based in Blue Hill, ME. It received its IRS tax-exemption ruling in April 1952, 74 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 2024, George Stevens Academy reported income of $5.8m and spending of $5.5m, spending 94% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $5.9m to $5.8m (-0.9%), an average of -0.2% a year. The sharpest change came in the year to June 2023, when income dropped by 30%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, George Stevens Academy sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within ME. Charities of a similar size with the same main cause include Tools of the Mind ($5.8m), Community Libraries of Providence ($5.8m) and One City Schools Foundation Inc ($5.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 15% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $229k (4.2% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $14.5m against liabilities of $1.2m, net assets of $13.3m. It reported 106 employees.