Brewster Academy
Brewster Academy shows consistent revenue growth and asset accumulation with no reported officer compensation.
EIN: 20223317 · Wolfeboro, NH · NTEE: B250 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $42.1M |
| Total Expenses | $28.5M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $33,765,643 |
| Net Assets | $64.9M |
| Transparency Score | 85/100 |
Is Brewster Academy Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Brewster Academy directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Brewster Academy
Brewster Academy (EIN: 20223317) is a nonprofit organization based in Wolfeboro, NH, classified under NTEE code B250. The organization reported total revenue of $42.1M and total assets of $105.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Brewster Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Brewster Academy is a large nonprofit that has been operating for 80 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $33.8M |
| Total Expenses | $28.5M |
| Surplus / Deficit | +$5.2M |
| Total Assets | $94.7M |
| Total Liabilities | $29.8M |
| Net Assets | $64.9M |
| Operating Margin | 15.5% |
| Debt-to-Asset Ratio | 31.5% |
| Months of Reserves | 39.9 months |
Financial Health Grade: A
In 2023, Brewster Academy reported a surplus of $5.2M with revenue exceeding expenses, holds 39.9 months of operating reserves (strong position), has a debt-to-asset ratio of 31.5% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Brewster Academy's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.6% | +2.3% | +10.7% |
| 2022 | +4.2% | +6.2% | -1.7% |
| 2021 | +6.2% | -0.7% | +23.8% |
| 2020 | +12.7% | +1.1% | +4.4% |
| 2019 | -1.4% | +4.0% | +3.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1946 |
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 Brewster Academy 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Brewster Academy allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $5.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 31.5%.
Executive Compensation Analysis
The consistent reporting of 0% for 'Officer Comp' across all available filings is unusual for an organization of Brewster Academy's size and revenue, which reached $33,765,643 in 2023. This suggests that executive compensation may be reported under different expense categories or that key leadership roles are filled by uncompensated individuals, warranting further clarification for full transparency.
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 Brewster Academy's IRS 990 filings:
- Lack of clear executive compensation reporting (0% officer comp for an organization of this size)
- Increasing liabilities trend, reaching $29,806,160 in 2023, warrants further investigation into their nature.
Strengths
The following positive indicators were identified for Brewster Academy:
- Consistent revenue growth, from $23,967,420 in 2014 to $33,765,643 in 2023.
- Strong asset accumulation, growing from $60,934,136 to $94,737,573 over the last decade.
- Consistent operating surplus, indicating sound financial management and sustainability (e.g., $5,246,474 surplus in 2023).
- Long history of IRS 990 filings (12 filings), indicating consistent compliance and transparency in reporting.
Frequently Asked Questions about Brewster Academy
Is Brewster Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Brewster Academy (EIN: 20223317) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Brewster Academy spend its money?
Brewster Academy directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Brewster Academy tax-deductible?
Brewster Academy is registered as a tax-exempt nonprofit (EIN: 20223317). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Brewster Academy CEO make?
Brewster Academy's highest-compensated officer earns $33,765,643 annually. The organization reported $42.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Brewster Academy's spending goes to programs?
Brewster Academy directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Brewster Academy compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Brewster Academy is above average for NTEE category B250 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Brewster Academy located?
Brewster Academy is headquartered in Wolfeboro, New Hampshire and files with the IRS under EIN 20223317. It is classified under NTEE code B250.
How many years of IRS 990 filings does Brewster Academy have?
Brewster Academy has 12 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 $42.1M in total revenue.
How are key executives compensated if 'Officer Comp' is consistently reported as 0%?
The IRS 990 filings for Brewster Academy consistently show 0% for 'Officer Comp.' This could mean that executive compensation is reported under other expense categories (e.g., salaries and wages for employees), or that the organization's leadership is entirely volunteer-based. Further inquiry into the detailed compensation schedules would be necessary to understand how key management personnel are compensated.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided summary data does not offer a detailed breakdown of program, administrative, and fundraising expenses. While the organization consistently operates with a surplus, a more granular view of spending categories would allow for a precise assessment of efficiency in delivering its educational mission.
What is the long-term strategy for managing the increasing liabilities, which reached $29,806,160 in 2023?
Brewster Academy's liabilities have shown an upward trend, reaching $29,806,160 in 2023. While assets have grown significantly faster, understanding the nature of these liabilities (e.g., debt for capital projects, deferred revenue) and the strategy for their management is important for long-term financial health.
Filing History
IRS 990 filing history for Brewster Academy showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Brewster Academy's revenue has grown by 55.9%, moving from $21.7M to $33.8M. Total assets increased by 60.9% over the same period, from $58.9M to $94.7M. Total functional expenses rose by 38.6%, from $20.6M to $28.5M. In its most recent filing year (2023), Brewster Academy reported a surplus of $5.2M, with revenue exceeding expenses. The organization holds $29.8M in liabilities against $94.7M in assets (debt-to-asset ratio: 31.5%), resulting in net assets of $64.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $33.8M | $28.5M | $94.7M | $29.8M | — | View 990 |
| 2022 | $32.9M | $27.9M | $85.6M | $27.2M | — | View 990 |
| 2021 | $31.6M | $26.2M | $87.1M | $30.2M | — | View 990 |
| 2020 | $29.8M | $26.4M | $70.3M | $24.0M | — | View 990 |
| 2019 | $26.4M | $26.1M | $67.3M | $24.0M | — | View 990 |
| 2018 | $26.8M | $25.1M | $65.3M | $25.1M | — | View 990 |
| 2017 | $26.9M | $24.7M | $62.7M | $24.5M | — | View 990 |
| 2016 | $24.5M | $23.8M | $62.2M | $26.9M | — | View 990 |
| 2015 | $22.9M | $22.7M | $59.8M | $25.1M | — | View 990 |
| 2014 | $24.0M | $22.2M | $60.9M | $26.1M | — | View 990 |
| 2013 | $20.9M | $21.6M | $57.6M | $26.8M | — | View 990 |
| 2012 | $21.7M | $20.6M | $58.9M | $28.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $33.8M, expenses of $28.5M, and assets of $94.7M (revenue +2.6% year-over-year).
- 2022: Revenue of $32.9M, expenses of $27.9M, and assets of $85.6M (revenue +4.2% year-over-year).
- 2021: Revenue of $31.6M, expenses of $26.2M, and assets of $87.1M (revenue +6.2% year-over-year).
- 2020: Revenue of $29.8M, expenses of $26.4M, and assets of $70.3M (revenue +12.7% year-over-year).
- 2019: Revenue of $26.4M, expenses of $26.1M, and assets of $67.3M (revenue -1.4% year-over-year).
- 2018: Revenue of $26.8M, expenses of $25.1M, and assets of $65.3M (revenue -0.3% year-over-year).
- 2017: Revenue of $26.9M, expenses of $24.7M, and assets of $62.7M (revenue +9.8% year-over-year).
- 2016: Revenue of $24.5M, expenses of $23.8M, and assets of $62.2M (revenue +6.6% year-over-year).
- 2015: Revenue of $22.9M, expenses of $22.7M, and assets of $59.8M (revenue -4.3% year-over-year).
- 2014: Revenue of $24.0M, expenses of $22.2M, and assets of $60.9M (revenue +14.7% year-over-year).
- 2013: Revenue of $20.9M, expenses of $21.6M, and assets of $57.6M (revenue -3.5% year-over-year).
- 2012: Revenue of $21.7M, expenses of $20.6M, and assets of $58.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Brewster Academy:
Data Sources and Methodology
This transparency report for Brewster Academy 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.