Acadia Academy

Analysis

Acadia Academy is a registered charity in United States, based in Lewiston, ME. It received its IRS tax-exemption ruling in April 2016, 10 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, Acadia Academy reported income of $4.0m and spending of $3.9m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.6m to $4.0m (+12%), an average of +2.8% a year. The sharpest change came in the year to June 2021, when income rose by 40%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Acadia Academy sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within ME. Charities of a similar size with the same main cause include National Center for Hebrew Language Charter School Excellence ($4.0m), Park City Day School ($4.0m) and Creation Development Foundation Inc ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 9.4% of the total. Compensation of current officers, directors and key employees was $89k (2.3% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $2.9m against liabilities of $467k, net assets of $2.5m. It reported 65 employees.