Bay School
Bay School shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 10370827 · Blue Hill, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $1.6M |
| Program Spending | 85% |
| Net Assets | $2.2M |
| Transparency Score | 90/100 |
Is Bay School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bay School directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bay School
Bay School (EIN: 10370827) is a nonprofit organization based in Blue Hill, ME. The organization reported total revenue of $1.8M and total assets of $3.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bay School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bay School is a mid-size nonprofit, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$149K |
| Total Assets | $3.1M |
| Total Liabilities | $838K |
| Net Assets | $2.2M |
| Operating Margin | 8.6% |
| Debt-to-Asset Ratio | 27.4% |
| Months of Reserves | 23.3 months |
Financial Health Grade: A
In 2023, Bay School reported a surplus of $149K with revenue exceeding expenses, holds 23.3 months of operating reserves (strong position), has a debt-to-asset ratio of 27.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bay School's revenue has grown at a compound annual growth rate (CAGR) of 4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.1% | +10.9% | +9.8% |
| 2022 | +42.8% | +10.4% | +13.7% |
| 2021 | -11.8% | +5.2% | +5.7% |
| 2020 | +5.2% | -4.3% | +1.0% |
| 2019 | +4.2% | +5.3% | +0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bay School with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Bay School allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $149K, with revenue exceeding expenses.
- Debt-to-asset ratio: 27.4%.
Executive Compensation Analysis
Bay School consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly unusual and suggests a volunteer-led or very lean executive structure.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Bay School's IRS 990 filings:
- Lack of detailed spending breakdown (program vs. admin vs. fundraising) in provided data
- Unusually low (0%) officer compensation, which might indicate alternative compensation structures or a fully volunteer-led executive team that could be unsustainable long-term without clear succession planning.
Strengths
The following positive indicators were identified for Bay School:
- Consistent revenue growth, from $1,139,343 in 2021 to $1,726,025 in 2023.
- Strong asset accumulation, reaching $3,057,644 in 2023.
- Expenses consistently managed below or close to revenue, indicating fiscal responsibility.
- No reported officer compensation, suggesting resources are directed towards the mission.
- Healthy balance sheet with liabilities well-managed relative to assets.
Frequently Asked Questions about Bay School
Is Bay School a legitimate charity?
Bay School (EIN: 10370827) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.8M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Bay School spend its money?
Bay School directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Bay School tax-deductible?
Bay School is registered as a tax-exempt nonprofit (EIN: 10370827). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bay School's spending goes to programs?
Bay School directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Bay School located?
Bay School is headquartered in Blue Hill, Maine and files with the IRS under EIN 10370827.
How many years of IRS 990 filings does Bay School have?
Bay School has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.8M in total revenue.
How does Bay School manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that executive leadership may be entirely volunteer-based or compensated through other means not classified as officer compensation, or that the organization has a unique operational model.
What is the primary source of Bay School's revenue growth?
While specific revenue sources are not detailed in the provided data, the consistent growth from $1,139,343 in 2021 to $1,726,025 in 2023 suggests successful fundraising efforts, increased program fees, or a combination of both.
Is Bay School financially stable for long-term operations?
Yes, Bay School appears financially stable. Its assets have consistently grown, reaching over $3 million in 2023, and it consistently generates more revenue than expenses, indicating a healthy financial position for sustained operations.
Filing History
IRS 990 filing history for Bay School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bay School's revenue has grown by 68.2%, moving from $1.0M to $1.7M. Total assets increased by 41.4% over the same period, from $2.2M to $3.1M. Total functional expenses rose by 73.2%, from $910K to $1.6M. In its most recent filing year (2023), Bay School reported a surplus of $149K, with revenue exceeding expenses. The organization holds $838K in liabilities against $3.1M in assets (debt-to-asset ratio: 27.4%), resulting in net assets of $2.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $1.6M | $3.1M | $838K | — | View 990 |
| 2022 | $1.6M | $1.4M | $2.8M | $691K | — | View 990 |
| 2021 | $1.1M | $1.3M | $2.4M | $361K | — | View 990 |
| 2020 | $1.3M | $1.2M | $2.3M | $342K | — | View 990 |
| 2019 | $1.2M | $1.3M | $2.3M | $396K | — | View 990 |
| 2018 | $1.2M | $1.2M | $2.3M | $362K | — | View 990 |
| 2017 | $1.1M | $1.2M | $2.3M | $368K | — | View 990 |
| 2016 | $987K | $1.1M | $2.3M | $410K | — | View 990 |
| 2015 | $1.1M | $1.1M | $2.4M | $348K | — | View 990 |
| 2014 | $1.1M | $1.2M | $2.4M | $367K | — | View 990 |
| 2013 | $1.1M | $1.1M | $2.5M | $395K | — | View 990 |
| 2012 | $1.0M | $1.0M | $2.4M | $371K | — | View 990 |
| 2011 | $1.0M | $910K | $2.2M | $146K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $1.6M, and assets of $3.1M (revenue +6.1% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.4M, and assets of $2.8M (revenue +42.8% year-over-year).
- 2021: Revenue of $1.1M, expenses of $1.3M, and assets of $2.4M (revenue -11.8% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.2M, and assets of $2.3M (revenue +5.2% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.3M, and assets of $2.3M (revenue +4.2% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.2M, and assets of $2.3M (revenue +4.8% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.2M, and assets of $2.3M (revenue +14.0% year-over-year).
- 2016: Revenue of $987K, expenses of $1.1M, and assets of $2.3M (revenue -7.6% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.1M, and assets of $2.4M (revenue +1.4% year-over-year).
- 2014: Revenue of $1.1M, expenses of $1.2M, and assets of $2.4M (revenue -3.8% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.1M, and assets of $2.5M (revenue +7.4% year-over-year).
- 2012: Revenue of $1.0M, expenses of $1.0M, and assets of $2.4M (revenue -0.6% year-over-year).
- 2011: Revenue of $1.0M, expenses of $910K, and assets of $2.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bay School:
Data Sources and Methodology
This transparency report for Bay School is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.