Hebron Academy Incorporated
Hebron Academy experiences recurring operational deficits despite substantial assets and no reported officer compensation.
EIN: 10224898 · Hebron, ME · NTEE: B200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $22.1M |
| Total Expenses | $16.8M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $22 |
| Net Assets | $43.2M |
| Transparency Score | 75/100 |
Is Hebron Academy Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hebron Academy Incorporated directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hebron Academy Incorporated
Hebron Academy Incorporated (EIN: 10224898) is a nonprofit organization based in Hebron, ME, classified under NTEE code B200. The organization reported total revenue of $22.1M and total assets of $55.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hebron Academy Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hebron Academy Incorporated is a large nonprofit that has been operating for 85 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $13.2M |
| Total Expenses | $16.8M |
| Surplus / Deficit | $-3,573,706 |
| Total Assets | $56.8M |
| Total Liabilities | $13.5M |
| Net Assets | $43.2M |
| Operating Margin | -27.1% |
| Debt-to-Asset Ratio | 23.8% |
| Months of Reserves | 40.6 months |
Financial Health Grade: B
In 2023, Hebron Academy Incorporated reported a deficit of $3.6M with expenses exceeding revenue, holds 40.6 months of operating reserves (strong position), has a debt-to-asset ratio of 23.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hebron Academy Incorporated's revenue has declined at a compound annual growth rate (CAGR) of -0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -24.4% | -9.5% | -2.7% |
| 2022 | -9.5% | +16.4% | -11.5% |
| 2021 | +11.4% | -4.2% | +18.9% |
| 2020 | +8.7% | -2.8% | -1.3% |
| 2019 | -21.6% | +2.7% | +2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1941 |
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 Hebron Academy Incorporated 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, Hebron Academy Incorporated 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 $3.6M, with expenses exceeding revenue.
- Debt-to-asset ratio: 23.8%.
Executive Compensation Analysis
Hebron Academy consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with over $22 million in latest revenue and $55 million in assets, suggesting either volunteer leadership or compensation structured outside of traditional officer roles.
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 Hebron Academy Incorporated's IRS 990 filings:
- Recurring operational deficits (e.g., $3.57M in 2023, $1.06M in 2022)
- Significant fluctuation in annual revenue (e.g., $30.89M in 2017 down to $13.18M in 2023)
Strengths
The following positive indicators were identified for Hebron Academy Incorporated:
- Substantial asset base ($56.7M in 2023) providing financial stability
- Consistent reporting of 0% officer compensation, indicating potential for low executive overhead or strong volunteer leadership
- Long operational history with 13 IRS 990 filings available
Frequently Asked Questions about Hebron Academy Incorporated
Is Hebron Academy Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Hebron Academy Incorporated (EIN: 10224898) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Hebron Academy Incorporated spend its money?
Hebron Academy Incorporated directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hebron Academy Incorporated tax-deductible?
Hebron Academy Incorporated is registered as a tax-exempt nonprofit (EIN: 10224898). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hebron Academy Incorporated CEO make?
Hebron Academy Incorporated's highest-compensated officer earns $22 annually. The organization reported $22.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Hebron Academy Incorporated's spending goes to programs?
Hebron Academy Incorporated directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hebron Academy Incorporated compare to similar nonprofits?
With a transparency score of 75/100 (Good), Hebron Academy Incorporated is above average for NTEE category B200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hebron Academy Incorporated located?
Hebron Academy Incorporated is headquartered in Hebron, Maine and files with the IRS under EIN 10224898. It is classified under NTEE code B200.
How many years of IRS 990 filings does Hebron Academy Incorporated have?
Hebron Academy Incorporated 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 $22.1M in total revenue.
Why does Hebron Academy consistently report 0% officer compensation?
The consistent reporting of 0% officer compensation across all 13 filings is highly unusual for an organization of Hebron Academy's size and revenue. This could indicate that executive leadership is entirely volunteer-based, compensated through a related entity, or that compensation is reported under different expense categories not explicitly labeled as 'officer compensation' on the 990 summary.
What is the cause of the recurring operational deficits?
Hebron Academy has experienced operational deficits in multiple recent years, such as $3,573,706 in 2023 (Expenses $16,759,219 vs. Revenue $13,185,513) and $1,062,608 in 2022 (Expenses $18,511,391 vs. Revenue $17,448,783). This trend suggests that expenses are consistently outpacing revenue generation, which could be due to declining enrollment, increased operational costs, or insufficient fundraising to cover expenditures.
How does Hebron Academy sustain operations with recurring deficits?
Despite recurring operational deficits, Hebron Academy maintains substantial assets, with $56,759,714 in 2023. This suggests that the organization may be drawing from its endowment or other capital reserves to cover operational shortfalls, or that non-operating revenues (like investment gains not included in 'Revenue' on the summary) are helping to offset these deficits.
Filing History
IRS 990 filing history for Hebron Academy Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hebron Academy Incorporated's revenue has declined by 3.2%, moving from $13.6M to $13.2M. Total assets increased by 45.8% over the same period, from $38.9M to $56.8M. Total functional expenses rose by 23.5%, from $13.6M to $16.8M. In its most recent filing year (2023), Hebron Academy Incorporated reported a deficit of $3.6M, with expenses exceeding revenue. The organization holds $13.5M in liabilities against $56.8M in assets (debt-to-asset ratio: 23.8%), resulting in net assets of $43.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $13.2M | $16.8M | $56.8M | $13.5M | — | — |
| 2022 | $17.4M | $18.5M | $58.3M | $15.9M | — | View 990 |
| 2021 | $19.3M | $15.9M | $65.8M | $18.3M | — | View 990 |
| 2020 | $17.3M | $16.6M | $55.4M | $15.3M | — | View 990 |
| 2019 | $15.9M | $17.1M | $56.1M | $16.8M | — | View 990 |
| 2018 | $20.3M | $16.6M | $54.7M | $15.8M | — | View 990 |
| 2017 | $30.9M | $17.0M | $56.5M | $24.0M | — | View 990 |
| 2016 | $19.1M | $16.3M | $46.6M | $21.2M | — | View 990 |
| 2015 | $17.8M | $15.9M | $42.8M | $19.6M | — | View 990 |
| 2014 | $14.4M | $14.5M | $41.5M | $19.8M | — | View 990 |
| 2013 | $14.0M | $14.3M | $41.6M | $20.5M | — | View 990 |
| 2012 | $15.9M | $13.9M | $41.2M | $20.4M | — | View 990 |
| 2011 | $13.6M | $13.6M | $38.9M | $20.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $13.2M, expenses of $16.8M, and assets of $56.8M (revenue -24.4% year-over-year).
- 2022: Revenue of $17.4M, expenses of $18.5M, and assets of $58.3M (revenue -9.5% year-over-year).
- 2021: Revenue of $19.3M, expenses of $15.9M, and assets of $65.8M (revenue +11.4% year-over-year).
- 2020: Revenue of $17.3M, expenses of $16.6M, and assets of $55.4M (revenue +8.7% year-over-year).
- 2019: Revenue of $15.9M, expenses of $17.1M, and assets of $56.1M (revenue -21.6% year-over-year).
- 2018: Revenue of $20.3M, expenses of $16.6M, and assets of $54.7M (revenue -34.3% year-over-year).
- 2017: Revenue of $30.9M, expenses of $17.0M, and assets of $56.5M (revenue +62.0% year-over-year).
- 2016: Revenue of $19.1M, expenses of $16.3M, and assets of $46.6M (revenue +7.0% year-over-year).
- 2015: Revenue of $17.8M, expenses of $15.9M, and assets of $42.8M (revenue +23.6% year-over-year).
- 2014: Revenue of $14.4M, expenses of $14.5M, and assets of $41.5M (revenue +2.7% year-over-year).
- 2013: Revenue of $14.0M, expenses of $14.3M, and assets of $41.6M (revenue -11.8% year-over-year).
- 2012: Revenue of $15.9M, expenses of $13.9M, and assets of $41.2M (revenue +16.7% year-over-year).
- 2011: Revenue of $13.6M, expenses of $13.6M, and assets of $38.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hebron Academy Incorporated:
Data Sources and Methodology
This transparency report for Hebron Academy Incorporated 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.