Erskine Academy
Erskine Academy shows consistent revenue growth and asset accumulation with no reported officer compensation.
EIN: 10245261 · China, ME · NTEE: B25Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11.0M |
| Total Expenses | $8.9M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $15.4M |
| Transparency Score | 92/100 |
Is Erskine Academy Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Erskine Academy directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Erskine Academy
Erskine Academy (EIN: 10245261) is a nonprofit organization based in China, ME, classified under NTEE code B25Z. The organization reported total revenue of $11.0M and total assets of $17.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Erskine Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Erskine Academy is a large nonprofit that has been operating for 51 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 2.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.2M |
| Total Expenses | $8.9M |
| Surplus / Deficit | +$305K |
| Total Assets | $16.9M |
| Total Liabilities | $1.5M |
| Net Assets | $15.4M |
| Operating Margin | 3.3% |
| Debt-to-Asset Ratio | 8.9% |
| Months of Reserves | 22.8 months |
Financial Health Grade: A
In 2024, Erskine Academy reported a surplus of $305K with revenue exceeding expenses, holds 22.8 months of operating reserves (strong position), has a debt-to-asset ratio of 8.9% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Erskine Academy's revenue has grown at a compound annual growth rate (CAGR) of 2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +1.3% | +5.6% | +9.5% |
| 2023 | +1.5% | +4.8% | +9.5% |
| 2022 | +7.8% | +1.7% | -8.6% |
| 2021 | +9.9% | +7.6% | +21.6% |
| 2020 | -4.2% | -2.2% | +3.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1975 |
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 Erskine Academy with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Erskine Academy allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $305K, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.9%.
Executive Compensation Analysis
Erskine Academy reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with over $10 million in annual revenue and $17 million in assets. This suggests either that executive leadership is compensated through other means not categorized as officer compensation on the 990, or that the organization relies heavily on volunteer leadership or a unique compensation structure, indicating a strong commitment to directing funds towards its mission.
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 Erskine Academy's IRS 990 filings:
- No reported officer compensation for an organization of this size, which may warrant further investigation into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Erskine Academy:
- Consistent revenue growth, from $7.3 million in 2015 to $10.9 million currently.
- Significant asset growth, from $9.67 million in 2015 to $17.4 million currently.
- Consistent operational surpluses, indicating sound financial management.
- No reported officer compensation, suggesting a strong commitment to mission-related spending.
Frequently Asked Questions about Erskine Academy
Is Erskine Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Erskine Academy (EIN: 10245261) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Erskine Academy spend its money?
Erskine Academy directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Erskine Academy tax-deductible?
Erskine Academy is registered as a tax-exempt nonprofit (EIN: 10245261). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Erskine Academy CEO make?
Erskine Academy's highest-compensated officer earns $10 annually. The organization reported $11.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Erskine Academy's spending goes to programs?
Erskine Academy directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Erskine Academy compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Erskine Academy is above average for NTEE category B25Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Erskine Academy located?
Erskine Academy is headquartered in China, Maine and files with the IRS under EIN 10245261. It is classified under NTEE code B25Z.
How many years of IRS 990 filings does Erskine Academy have?
Erskine 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 $11.0M in total revenue.
Is Erskine Academy a good charity?
Based on the available IRS 990 data, Erskine Academy appears to be a financially sound and well-managed organization. It consistently generates surpluses, has growing assets, and reports no officer compensation, which are positive indicators of financial health and mission focus.
How has Erskine Academy's financial health changed over time?
Erskine Academy has shown consistent financial growth. Its assets have nearly doubled from $9.67 million in 2015 to $17.4 million currently, and annual revenue has steadily increased from $7.3 million in 2015 to over $10.9 million currently, indicating strong and stable financial performance.
What is the organization's spending efficiency?
While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the consistent surpluses and the absence of reported officer compensation suggest a high degree of spending efficiency, with resources likely directed primarily towards its educational programs.
Filing History
IRS 990 filing history for Erskine Academy showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Erskine Academy's revenue has grown by 30.7%, moving from $7.0M to $9.2M. Total assets increased by 96.3% over the same period, from $8.6M to $16.9M. Total functional expenses rose by 25.3%, from $7.1M to $8.9M. In its most recent filing year (2024), Erskine Academy reported a surplus of $305K, with revenue exceeding expenses. The organization holds $1.5M in liabilities against $16.9M in assets (debt-to-asset ratio: 8.9%), resulting in net assets of $15.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $9.2M | $8.9M | $16.9M | $1.5M | — | View 990 |
| 2023 | $9.1M | $8.4M | $15.4M | $1.3M | — | — |
| 2022 | $8.9M | $8.0M | $14.1M | $1.3M | — | View 990 |
| 2021 | $8.3M | $7.9M | $15.4M | $2.1M | — | — |
| 2020 | $7.5M | $7.3M | $12.6M | $1.2M | — | View 990 |
| 2019 | $7.9M | $7.5M | $12.2M | $1.5M | — | View 990 |
| 2018 | $7.9M | $7.4M | $11.6M | $1.4M | — | — |
| 2017 | $7.9M | $7.4M | $10.9M | $1.5M | — | View 990 |
| 2016 | $7.5M | $7.2M | $9.9M | $1.4M | — | View 990 |
| 2015 | $7.3M | $7.0M | $9.7M | $1.4M | — | View 990 |
| 2014 | $7.2M | $6.7M | $9.4M | $1.4M | — | View 990 |
| 2013 | $7.2M | $6.7M | $9.0M | $1.5M | — | View 990 |
| 2012 | $7.0M | $7.1M | $8.6M | $1.6M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $9.2M, expenses of $8.9M, and assets of $16.9M (revenue +1.3% year-over-year).
- 2023: Revenue of $9.1M, expenses of $8.4M, and assets of $15.4M (revenue +1.5% year-over-year).
- 2022: Revenue of $8.9M, expenses of $8.0M, and assets of $14.1M (revenue +7.8% year-over-year).
- 2021: Revenue of $8.3M, expenses of $7.9M, and assets of $15.4M (revenue +9.9% year-over-year).
- 2020: Revenue of $7.5M, expenses of $7.3M, and assets of $12.6M (revenue -4.2% year-over-year).
- 2019: Revenue of $7.9M, expenses of $7.5M, and assets of $12.2M (revenue -0.4% year-over-year).
- 2018: Revenue of $7.9M, expenses of $7.4M, and assets of $11.6M (revenue -0.7% year-over-year).
- 2017: Revenue of $7.9M, expenses of $7.4M, and assets of $10.9M (revenue +5.9% year-over-year).
- 2016: Revenue of $7.5M, expenses of $7.2M, and assets of $9.9M (revenue +2.8% year-over-year).
- 2015: Revenue of $7.3M, expenses of $7.0M, and assets of $9.7M (revenue +2.0% year-over-year).
- 2014: Revenue of $7.2M, expenses of $6.7M, and assets of $9.4M (revenue +0.0% year-over-year).
- 2013: Revenue of $7.2M, expenses of $6.7M, and assets of $9.0M (revenue +2.0% year-over-year).
- 2012: Revenue of $7.0M, expenses of $7.1M, and assets of $8.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Erskine Academy:
Data Sources and Methodology
This transparency report for Erskine 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.