Berwick Academy Trustees
Berwick Academy Trustees maintains stable finances with growing assets and consistent operational spending.
EIN: 10223755 · South Berwick, ME · NTEE: B200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $28.4M |
| Total Expenses | $26.4M |
| Program Spending | 85% |
| Net Assets | $44.5M |
| Transparency Score | 85/100 |
Is Berwick Academy Trustees Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Berwick Academy Trustees directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Berwick Academy Trustees
Berwick Academy Trustees (EIN: 10223755) is a nonprofit organization based in South Berwick, ME, classified under NTEE code B200. The organization reported total revenue of $28.4M and total assets of $61.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Berwick Academy Trustees's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Berwick Academy Trustees is a large nonprofit that has been operating for 85 years, 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 | $26.1M |
| Total Expenses | $26.4M |
| Surplus / Deficit | $-388,597 |
| Total Assets | $57.7M |
| Total Liabilities | $13.2M |
| Net Assets | $44.5M |
| Operating Margin | -1.5% |
| Debt-to-Asset Ratio | 22.9% |
| Months of Reserves | 26.2 months |
Financial Health Grade: B
In 2023, Berwick Academy Trustees reported a deficit of $389K with expenses exceeding revenue, holds 26.2 months of operating reserves (strong position), has a debt-to-asset ratio of 22.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Berwick Academy Trustees's revenue has grown at a compound annual growth rate (CAGR) of 4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.1% | +8.2% | +3.3% |
| 2022 | +2.4% | +2.9% | -3.5% |
| 2021 | +22.6% | +3.5% | +18.8% |
| 2020 | -2.4% | -0.3% | +5.8% |
| 2019 | +8.3% | +1.9% | +6.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1941 |
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 Berwick Academy Trustees with a Mission Score of 85 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, Berwick Academy Trustees 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 deficit of $389K, with expenses exceeding revenue.
- Debt-to-asset ratio: 22.9%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, which suggests that either no officers receive compensation, or their compensation is categorized differently and not explicitly disclosed as 'officer compensation' in the summary data provided. This warrants further review of the full 990 forms to understand the compensation structure for key personnel.
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 Berwick Academy Trustees's IRS 990 filings:
- Consistent 0% officer compensation reported may obscure actual executive pay if categorized elsewhere, requiring deeper investigation of full 990s.
Strengths
The following positive indicators were identified for Berwick Academy Trustees:
- Consistent asset growth from $41.5M to $57.7M over a decade.
- Strong revenue generation, consistently in the $20M-$29M range annually.
- Generally well-managed expenses relative to revenue.
- Long filing history (13 filings) indicates consistent compliance and transparency.
Frequently Asked Questions about Berwick Academy Trustees
Is Berwick Academy Trustees a legitimate charity?
Based on AI analysis of IRS 990 filings, Berwick Academy Trustees (EIN: 10223755) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Berwick Academy Trustees spend its money?
Berwick Academy Trustees directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Berwick Academy Trustees tax-deductible?
Berwick Academy Trustees is registered as a tax-exempt nonprofit (EIN: 10223755). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Berwick Academy Trustees's spending goes to programs?
Berwick Academy Trustees directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Berwick Academy Trustees compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Berwick Academy Trustees is above average for NTEE category B200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Berwick Academy Trustees located?
Berwick Academy Trustees is headquartered in South Berwick, Maine and files with the IRS under EIN 10223755. It is classified under NTEE code B200.
How many years of IRS 990 filings does Berwick Academy Trustees have?
Berwick Academy Trustees 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 $28.4M in total revenue.
Is Berwick Academy Trustees financially stable?
Yes, Berwick Academy Trustees appears financially stable. While the 202306 period showed a slight operational deficit, the organization has consistently generated substantial revenue and grown its assets from $41.5M in 2014 to $57.7M in 2023, indicating long-term financial health.
How has Berwick Academy Trustees' asset base changed over time?
Berwick Academy Trustees has shown consistent asset growth, increasing from $41,522,164 in 201406 to $57,717,354 in 202306, representing a significant increase over the decade.
What is the trend in revenue versus expenses for Berwick Academy Trustees?
Revenue has generally kept pace with or exceeded expenses. For example, in 202206, revenue was $29,641,493 against expenses of $24,447,114. While 202306 showed a slight deficit ($26,057,137 revenue vs. $26,445,734 expenses), the overall trend indicates effective financial management.
Filing History
IRS 990 filing history for Berwick Academy Trustees showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Berwick Academy Trustees's revenue has grown by 68.1%, moving from $15.5M to $26.1M. Total assets increased by 40% over the same period, from $41.2M to $57.7M. Total functional expenses rose by 67.9%, from $15.7M to $26.4M. In its most recent filing year (2023), Berwick Academy Trustees reported a deficit of $389K, with expenses exceeding revenue. The organization holds $13.2M in liabilities against $57.7M in assets (debt-to-asset ratio: 22.9%), resulting in net assets of $44.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $26.1M | $26.4M | $57.7M | $13.2M | — | — |
| 2022 | $29.6M | $24.4M | $55.9M | $12.9M | — | View 990 |
| 2021 | $29.0M | $23.8M | $57.9M | $15.1M | — | — |
| 2020 | $23.6M | $23.0M | $48.8M | $15.3M | — | View 990 |
| 2019 | $24.2M | $23.0M | $46.1M | $13.5M | — | View 990 |
| 2018 | $22.3M | $22.6M | $43.3M | $12.2M | — | View 990 |
| 2017 | $20.6M | $21.6M | $42.8M | $12.2M | — | View 990 |
| 2016 | $19.9M | $20.3M | $40.7M | $11.2M | — | View 990 |
| 2015 | $20.2M | $19.9M | $42.2M | $10.8M | — | View 990 |
| 2014 | $18.2M | $19.3M | $41.5M | $9.5M | — | View 990 |
| 2013 | $17.7M | $18.3M | $41.0M | $9.4M | — | View 990 |
| 2012 | $16.8M | $16.8M | $40.8M | $8.9M | — | View 990 |
| 2011 | $15.5M | $15.7M | $41.2M | $9.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $26.1M, expenses of $26.4M, and assets of $57.7M (revenue -12.1% year-over-year).
- 2022: Revenue of $29.6M, expenses of $24.4M, and assets of $55.9M (revenue +2.4% year-over-year).
- 2021: Revenue of $29.0M, expenses of $23.8M, and assets of $57.9M (revenue +22.6% year-over-year).
- 2020: Revenue of $23.6M, expenses of $23.0M, and assets of $48.8M (revenue -2.4% year-over-year).
- 2019: Revenue of $24.2M, expenses of $23.0M, and assets of $46.1M (revenue +8.3% year-over-year).
- 2018: Revenue of $22.3M, expenses of $22.6M, and assets of $43.3M (revenue +8.7% year-over-year).
- 2017: Revenue of $20.6M, expenses of $21.6M, and assets of $42.8M (revenue +3.5% year-over-year).
- 2016: Revenue of $19.9M, expenses of $20.3M, and assets of $40.7M (revenue -1.6% year-over-year).
- 2015: Revenue of $20.2M, expenses of $19.9M, and assets of $42.2M (revenue +11.1% year-over-year).
- 2014: Revenue of $18.2M, expenses of $19.3M, and assets of $41.5M (revenue +2.7% year-over-year).
- 2013: Revenue of $17.7M, expenses of $18.3M, and assets of $41.0M (revenue +5.0% year-over-year).
- 2012: Revenue of $16.8M, expenses of $16.8M, and assets of $40.8M (revenue +8.6% year-over-year).
- 2011: Revenue of $15.5M, expenses of $15.7M, and assets of $41.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Berwick Academy Trustees:
Data Sources and Methodology
This transparency report for Berwick Academy Trustees 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.