Foxcroft Academy Trustees
Foxcroft Academy Trustees shows consistent revenue growth and strong asset base with no reported officer compensation.
EIN: 10246278 · Dovr Foxcroft, ME · NTEE: B24Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $12.6M |
| Total Expenses | $12.2M |
| Program Spending | 85% |
| Net Assets | $15.8M |
| Transparency Score | 90/100 |
Is Foxcroft Academy Trustees Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Foxcroft Academy Trustees directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Foxcroft Academy Trustees
Foxcroft Academy Trustees (EIN: 10246278) is a nonprofit organization based in Dovr Foxcroft, ME, classified under NTEE code B24Z. The organization reported total revenue of $12.6M and total assets of $29.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Foxcroft Academy Trustees's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Foxcroft Academy Trustees is a large nonprofit that has been operating for 54 years, with 6 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 7.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12.9M |
| Total Expenses | $12.2M |
| Surplus / Deficit | +$675K |
| Total Assets | $31.5M |
| Total Liabilities | $15.8M |
| Net Assets | $15.8M |
| Operating Margin | 5.2% |
| Debt-to-Asset Ratio | 50.0% |
| Months of Reserves | 31.0 months |
Financial Health Grade: A
In 2023, Foxcroft Academy Trustees reported a surplus of $675K with revenue exceeding expenses, holds 31.0 months of operating reserves (strong position), has a debt-to-asset ratio of 50.0% (high leverage).
Financial Trends
Over 6 years of filings (2015–2023), Foxcroft Academy Trustees's revenue has grown at a compound annual growth rate (CAGR) of 7.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.6% | +8.1% | +4.8% |
| 2022 | +10.1% | +10.7% | -2.8% |
| 2021 | -24.5% | -4.2% | +6.0% |
| 2019 | +41.1% | +18.7% | +9.9% |
| 2016 | +31.9% | -6.5% | -0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1972 |
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 Foxcroft Academy Trustees with a Mission Score of 90 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, Foxcroft 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 surplus of $675K, with revenue exceeding expenses.
- Debt-to-asset ratio: 50.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly unusual for an organization of this size and suggests a strong volunteer leadership model or that compensation is reported under other categories.
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 Foxcroft Academy Trustees's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and warrants further investigation into compensation practices.
Strengths
The following positive indicators were identified for Foxcroft Academy Trustees:
- Consistent revenue growth from $7.1M in 2015 to $12.9M in 2023, indicating financial health.
- Strong asset base of $31.5M in 2023, significantly exceeding liabilities, demonstrating financial stability.
- No reported officer compensation, suggesting a strong commitment to directing funds towards the mission or a volunteer-led executive structure.
- Positive net assets and consistent financial performance over nearly a decade.
Frequently Asked Questions about Foxcroft Academy Trustees
Is Foxcroft Academy Trustees a legitimate charity?
Based on AI analysis of IRS 990 filings, Foxcroft Academy Trustees (EIN: 10246278) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Foxcroft Academy Trustees spend its money?
Foxcroft Academy Trustees directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Foxcroft Academy Trustees tax-deductible?
Foxcroft Academy Trustees is registered as a tax-exempt nonprofit (EIN: 10246278). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Foxcroft Academy Trustees's spending goes to programs?
Foxcroft Academy Trustees directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Foxcroft Academy Trustees compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Foxcroft Academy Trustees is above average for NTEE category B24Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Foxcroft Academy Trustees located?
Foxcroft Academy Trustees is headquartered in Dovr Foxcroft, Maine and files with the IRS under EIN 10246278. It is classified under NTEE code B24Z.
How many years of IRS 990 filings does Foxcroft Academy Trustees have?
Foxcroft Academy Trustees has 6 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 $12.6M in total revenue.
How does Foxcroft Academy Trustees manage to report 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings (2015-2023) for an organization with over $12 million in revenue is highly unusual. This could indicate that officers are volunteers, compensated through a related organization, or that their compensation is reported under other expense categories, which would warrant further investigation into the detailed 990 forms.
What is the primary source of Foxcroft Academy Trustees' revenue growth?
While the provided data shows consistent revenue growth from $7.1 million in 2015 to $12.9 million in 2023, the specific sources (e.g., tuition, contributions, investment income) are not detailed. A deeper dive into the 990s would be needed to identify the main drivers of this growth.
Is the academy's asset growth sustainable?
Foxcroft Academy Trustees has shown consistent asset growth, from $26.6 million in 2015 to $31.5 million in 2023. This growth, coupled with a healthy revenue stream, suggests a sustainable financial trajectory, though market conditions and investment performance would be key factors in future sustainability.
Filing History
IRS 990 filing history for Foxcroft Academy Trustees showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2015–2023), Foxcroft Academy Trustees's revenue has grown by 80.4%, moving from $7.1M to $12.9M. Total assets increased by 18.3% over the same period, from $26.6M to $31.5M. Total functional expenses rose by 27.3%, from $9.6M to $12.2M. In its most recent filing year (2023), Foxcroft Academy Trustees reported a surplus of $675K, with revenue exceeding expenses. The organization holds $15.8M in liabilities against $31.5M in assets (debt-to-asset ratio: 50.0%), resulting in net assets of $15.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12.9M | $12.2M | $31.5M | $15.8M | — | — |
| 2022 | $11.1M | $11.3M | $30.1M | $15.5M | — | View 990 |
| 2021 | $10.0M | $10.2M | $30.9M | $14.4M | — | — |
| 2019 | $13.3M | $10.7M | $29.2M | $13.9M | — | View 990 |
| 2016 | $9.4M | $9.0M | $26.6M | $16.0M | — | View 990 |
| 2015 | $7.1M | $9.6M | $26.6M | $15.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12.9M, expenses of $12.2M, and assets of $31.5M (revenue +16.6% year-over-year).
- 2022: Revenue of $11.1M, expenses of $11.3M, and assets of $30.1M (revenue +10.1% year-over-year).
- 2021: Revenue of $10.0M, expenses of $10.2M, and assets of $30.9M (revenue -24.5% year-over-year).
- 2019: Revenue of $13.3M, expenses of $10.7M, and assets of $29.2M (revenue +41.1% year-over-year).
- 2016: Revenue of $9.4M, expenses of $9.0M, and assets of $26.6M (revenue +31.9% year-over-year).
- 2015: Revenue of $7.1M, expenses of $9.6M, and assets of $26.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Foxcroft Academy Trustees:
Data Sources and Methodology
This transparency report for Foxcroft 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.