Bridgton Academy
Bridgton Academy maintains stable assets despite fluctuating revenues and occasional operating deficits.
EIN: 10221344 · N Bridgton, ME · NTEE: B31Z · Updated: 2026-03-28
Is Bridgton Academy Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bridgton Academy directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bridgton Academy
Bridgton Academy (EIN: 10221344) is a nonprofit organization based in N Bridgton, ME, classified under NTEE code B31Z. The organization reported total revenue of $10.8M and total assets of $20.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bridgton Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bridgton Academy with a Mission Score of 75 out of 100 (Good). 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, Bridgton 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.
Executive Compensation Analysis
All available filings consistently report 0% officer compensation, which is unusual for an organization of this size and suggests that executive compensation may be reported under different categories or that the highest-paid individuals are not formally designated as officers for 990 purposes.
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 Bridgton Academy's IRS 990 filings:
- Consistent reporting of 0% officer compensation, which may obscure actual executive pay if reported elsewhere.
- Operating deficit in the most recent filing (202306), with expenses ($10,991,710) exceeding revenue ($10,286,617).
Strengths
The following positive indicators were identified for Bridgton Academy:
- Strong asset base, consistently around $20 million, providing financial stability.
- Healthy asset-to-liability ratio (e.g., 4.08:1 in 202306), indicating good financial health.
- Consistent filing history of IRS Form 990s, demonstrating transparency and compliance.
- Ability to manage expenses generally in line with revenue over the long term, despite fluctuations.
Frequently Asked Questions about Bridgton Academy
Is Bridgton Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Bridgton Academy (EIN: 10221344) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Bridgton Academy spend its money?
Bridgton Academy directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bridgton Academy tax-deductible?
Bridgton Academy is registered as a tax-exempt nonprofit (EIN: 10221344). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Bridgton Academy a good charity?
Bridgton Academy appears to be a financially stable educational institution with consistent assets and a history of regular IRS filings. While some years show operating deficits, these are not severe enough to indicate immediate financial distress. The 0% officer compensation reported is a notable point that warrants further inquiry to understand the full compensation structure.
How has Bridgton Academy's revenue trended over the last five years?
Over the last five years (2019-2023), Bridgton Academy's revenue has fluctuated: $10,517,254 (2019), $9,249,152 (2020), $9,387,178 (2021), $12,393,178 (2022), and $10,286,617 (2023). This shows variability but generally remains above $9 million annually.
What is the organization's asset-to-liability ratio?
For the latest period (202306), Bridgton Academy's assets were $20,679,640 and liabilities were $5,067,477, resulting in an asset-to-liability ratio of approximately 4.08:1, indicating a healthy financial cushion.
Filing History
IRS 990 filing history for Bridgton Academy showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bridgton Academy's revenue has grown by 26.6%, moving from $8.1M to $10.3M. Total assets increased by 63.1% over the same period, from $12.7M to $20.7M. Total functional expenses rose by 38.7%, from $7.9M to $11.0M. In its most recent filing year (2023), Bridgton Academy reported a deficit of $705K, with expenses exceeding revenue. The organization holds $5.1M in liabilities against $20.7M in assets (debt-to-asset ratio: 24.5%), resulting in net assets of $15.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $10.3M | $11.0M | $20.7M | $5.1M | — | — |
| 2022 | $12.4M | $10.8M | $20.7M | $5.1M | — | View 990 |
| 2021 | $9.4M | $10.0M | $22.5M | $7.7M | — | — |
| 2020 | $9.2M | $9.4M | $20.8M | $7.0M | — | View 990 |
| 2019 | $10.5M | $9.3M | $21.1M | $7.4M | — | View 990 |
| 2018 | $7.7M | $9.2M | $18.3M | $6.2M | — | View 990 |
| 2017 | $9.5M | $9.5M | $18.4M | $5.3M | — | View 990 |
| 2016 | $10.2M | $9.6M | $17.8M | $5.1M | — | View 990 |
| 2015 | $10.6M | $10.3M | $17.7M | $5.5M | — | View 990 |
| 2014 | $9.8M | $9.5M | $15.9M | $4.1M | — | View 990 |
| 2013 | $8.8M | $8.3M | $14.4M | $3.6M | — | View 990 |
| 2012 | $9.3M | $8.5M | $13.1M | $3.4M | — | View 990 |
| 2011 | $8.1M | $7.9M | $12.7M | $3.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.3M, expenses of $11.0M, and assets of $20.7M (revenue -17.0% year-over-year).
- 2022: Revenue of $12.4M, expenses of $10.8M, and assets of $20.7M (revenue +32.0% year-over-year).
- 2021: Revenue of $9.4M, expenses of $10.0M, and assets of $22.5M (revenue +1.5% year-over-year).
- 2020: Revenue of $9.2M, expenses of $9.4M, and assets of $20.8M (revenue -12.1% year-over-year).
- 2019: Revenue of $10.5M, expenses of $9.3M, and assets of $21.1M (revenue +36.6% year-over-year).
- 2018: Revenue of $7.7M, expenses of $9.2M, and assets of $18.3M (revenue -19.2% year-over-year).
- 2017: Revenue of $9.5M, expenses of $9.5M, and assets of $18.4M (revenue -6.8% year-over-year).
- 2016: Revenue of $10.2M, expenses of $9.6M, and assets of $17.8M (revenue -3.3% year-over-year).
- 2015: Revenue of $10.6M, expenses of $10.3M, and assets of $17.7M (revenue +7.7% year-over-year).
- 2014: Revenue of $9.8M, expenses of $9.5M, and assets of $15.9M (revenue +11.6% year-over-year).
- 2013: Revenue of $8.8M, expenses of $8.3M, and assets of $14.4M (revenue -5.1% year-over-year).
- 2012: Revenue of $9.3M, expenses of $8.5M, and assets of $13.1M (revenue +14.0% year-over-year).
- 2011: Revenue of $8.1M, expenses of $7.9M, and assets of $12.7M.
Data Sources and Methodology
This transparency report for Bridgton 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.