Baxter Academies of Maine

Analysis

Baxter Academies of Maine is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in February 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Baxter Academies of Maine reported income of $4.7m and spending of $4.9m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.9m to $4.7m (-3.3%), an average of -0.8% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Baxter Academies of Maine sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within ME. Charities of a similar size with the same main cause include Bynum School ($4.7m), Eternal Gandhi Museum Houston Inc ($4.7m) and Cleveland Arts and Social Science Academy ($4.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.9% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $384k (7.8% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $8.1m against liabilities of $6.1m, net assets of $1.9m. It reported 64 employees.