Is Bridgton Academy Legit?

Bridgton Academy demonstrates a generally stable financial position, with assets consistently around the $20 million mark over the past several years. While revenue has fluctuated, ranging from $7.7 million to $12.4 million, the organization has largely managed its expenses, which have typically been in the $9-11 million range. The most recent filing (202306) shows expenses slightly exceeding revenue ($10,991,710 vs. $10,286,617), indicating a slight operating deficit for that period. However, this is not a consistent trend, as the prior year (202206) showed a healthy surplus ($12,393,178 revenue vs. $10,790,016 expenses). The organization's transparency appears strong regarding executive compensation, as all filings indicate 0% officer compensation, suggesting that key leadership may be compensated through other means or that the highest-paid individuals are not classified as officers in a way that requires disclosure in this section. Further investigation into their compensation practices would be beneficial to fully understand this aspect. The consistent filing of IRS Form 990s over many years also points to a commitment to regulatory compliance and public disclosure.