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
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Bridgton Academy is mapped to EIN 10221344.
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80% program spend, health grade B
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| Metric | Value |
|---|---|
| Total Revenue | $10.8M |
| Total Expenses | $11.0M |
| Program Spending | 80% |
| Net Assets | $15.6M |
| Transparency Score | 75/100 |
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Bridgton Academy Form 990, Revenue, CEO Pay, and IRS Filing Signals
Bridgton Academy is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Bridgton Academy in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $10.3M and expenses of $11.0M.
Revenue and Expenses
Bridgton Academy reported $10.3M in revenue and $11.0M in expenses, a deficit of $705K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
75/100 mission score, 2 red flags, and 4 strengths are shown from structured and AI review.
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 →
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Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $8.8M (80%) |
Across stored filings, Bridgton Academy shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade B | 13 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and Education context |
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N Bridgton, ME nonprofitsEducation in Maine
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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.
Organization Overview
Bridgton Academy is a large nonprofit that has been operating for 61 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.3M |
| Total Expenses | $11.0M |
| Surplus / Deficit | $-705,093 |
| Total Assets | $20.7M |
| Total Liabilities | $5.1M |
| Net Assets | $15.6M |
| Operating Margin | -6.9% |
| Debt-to-Asset Ratio | 24.5% |
| Months of Reserves | 22.6 months |
Financial Health Grade: B
In 2023, Bridgton Academy reported a deficit of $705K with expenses exceeding revenue, holds 22.6 months of operating reserves (strong position), has a debt-to-asset ratio of 24.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bridgton Academy's revenue has grown at a compound annual growth rate (CAGR) of 2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -17.0% | +1.9% | +0.1% |
| 2022 | +32.0% | +7.7% | -8.3% |
| 2021 | +1.5% | +6.9% | +8.4% |
| 2020 | -12.1% | +1.2% | -1.3% |
| 2019 | +36.6% | +1.0% | +14.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1965 |
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 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $705K, with expenses exceeding revenue.
- Debt-to-asset ratio: 24.5%.
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?
Bridgton Academy (EIN: 10221344) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $10.8M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Bridgton Academy spend its money?
Bridgton Academy directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
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.
What percentage of Bridgton Academy's spending goes to programs?
Bridgton Academy directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bridgton Academy compare to similar nonprofits?
With a transparency score of 75/100 (Good), Bridgton Academy is above average for NTEE category B31Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bridgton Academy located?
Bridgton Academy is headquartered in N Bridgton, Maine and files with the IRS under EIN 10221344. It is classified under NTEE code B31Z.
How many years of IRS 990 filings does Bridgton Academy have?
Bridgton Academy 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 $10.8M in total revenue.
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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bridgton Academy:
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.