Lee Academy
Lee Academy maintains stable finances with no reported officer compensation and reduced liabilities.
EIN: 10237244 · Lee, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.1M |
| Total Expenses | $2.9M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $4.9M |
| Transparency Score | 92/100 |
Is Lee Academy Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lee Academy directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lee Academy
Lee Academy (EIN: 10237244) is a nonprofit organization based in Lee, ME. The organization reported total revenue of $3.1M and total assets of $5.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lee Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lee Academy is a mid-size nonprofit that has been operating for 84 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.2M |
| Total Expenses | $2.9M |
| Surplus / Deficit | +$278K |
| Total Assets | $5.2M |
| Total Liabilities | $323K |
| Net Assets | $4.9M |
| Operating Margin | 8.7% |
| Debt-to-Asset Ratio | 6.2% |
| Months of Reserves | 21.5 months |
Financial Health Grade: A
In 2023, Lee Academy reported a surplus of $278K with revenue exceeding expenses, holds 21.5 months of operating reserves (strong position), has a debt-to-asset ratio of 6.2% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Lee Academy's revenue has declined at a compound annual growth rate (CAGR) of -1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -24.8% | -10.8% | +2.8% |
| 2022 | +30.5% | +5.1% | -16.9% |
| 2021 | -27.3% | -7.7% | -3.9% |
| 2020 | +14.4% | -7.6% | +4.3% |
| 2019 | -9.0% | -10.7% | -2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1942 |
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 Lee 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, Lee 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $278K, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization of its size (revenues over $3 million) and suggests a strong dedication to mission-focused spending.
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.
Strengths
The following positive indicators were identified for Lee Academy:
- Consistent financial surpluses in recent years (e.g., $3,192,511 revenue vs. $2,914,088 expenses in 202306).
- Zero reported officer compensation across all filings, indicating high efficiency.
- Significant reduction in liabilities from $3,781,049 in 201806 to $323,020 in 202306.
- Stable asset base providing financial security (e.g., $5,226,810 in 202306).
Frequently Asked Questions about Lee Academy
Is Lee Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Lee Academy (EIN: 10237244) appears legitimate. Mission Score: 92/100. 0 red flags identified, 4 strengths noted.
How does Lee Academy spend its money?
Lee Academy directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lee Academy tax-deductible?
Lee Academy is registered as a tax-exempt nonprofit (EIN: 10237244). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Lee Academy CEO make?
Lee Academy's highest-compensated officer earns $3 annually. The organization reported $3.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Lee Academy's spending goes to programs?
Lee Academy directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Lee Academy located?
Lee Academy is headquartered in Lee, Maine and files with the IRS under EIN 10237244.
How many years of IRS 990 filings does Lee Academy have?
Lee Academy has 12 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 $3.1M in total revenue.
Is Lee Academy a good charity?
Based on the provided financial data, Lee Academy appears to be a financially sound organization with a strong commitment to its mission, evidenced by zero officer compensation and a healthy financial surplus in recent years. The significant reduction in liabilities is also a positive sign.
How has Lee Academy's financial health changed over time?
Lee Academy's financial health has improved significantly since 201706, moving from periods of expenses exceeding revenue to consistent surpluses. Liabilities have also drastically decreased from a peak of $3,781,049 in 201806 to $323,020 in 202306, indicating stronger financial management and reduced debt.
What is Lee Academy's approach to executive compensation?
Lee Academy reports 0% officer compensation across all available filings, suggesting that its executives or officers do not receive salaries from the organization. This indicates a highly efficient use of funds, directing resources entirely towards its operational mission.
Filing History
IRS 990 filing history for Lee Academy showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Lee Academy's revenue has declined by 18.8%, moving from $3.9M to $3.2M. Total assets increased by 17.3% over the same period, from $4.5M to $5.2M. Total functional expenses fell by 28.1%, from $4.1M to $2.9M. In its most recent filing year (2023), Lee Academy reported a surplus of $278K, with revenue exceeding expenses. The organization holds $323K in liabilities against $5.2M in assets (debt-to-asset ratio: 6.2%), resulting in net assets of $4.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.2M | $2.9M | $5.2M | $323K | — | View 990 |
| 2022 | $4.2M | $3.3M | $5.1M | $311K | — | View 990 |
| 2021 | $3.3M | $3.1M | $6.1M | $2.0M | — | View 990 |
| 2020 | $4.5M | $3.4M | $6.4M | $2.3M | — | View 990 |
| 2019 | $3.9M | $3.6M | $6.1M | $3.2M | — | View 990 |
| 2018 | $4.3M | $4.1M | $6.2M | $3.8M | — | View 990 |
| 2017 | $4.1M | $4.7M | $5.7M | $3.6M | — | View 990 |
| 2016 | $3.7M | $4.6M | $5.7M | $3.1M | — | View 990 |
| 2014 | $5.3M | $4.7M | $6.3M | $2.0M | — | View 990 |
| 2013 | $5.2M | $4.9M | $5.2M | $1.8M | — | View 990 |
| 2012 | $4.7M | $4.3M | $4.6M | $1.7M | — | View 990 |
| 2011 | $3.9M | $4.1M | $4.5M | $1.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.2M, expenses of $2.9M, and assets of $5.2M (revenue -24.8% year-over-year).
- 2022: Revenue of $4.2M, expenses of $3.3M, and assets of $5.1M (revenue +30.5% year-over-year).
- 2021: Revenue of $3.3M, expenses of $3.1M, and assets of $6.1M (revenue -27.3% year-over-year).
- 2020: Revenue of $4.5M, expenses of $3.4M, and assets of $6.4M (revenue +14.4% year-over-year).
- 2019: Revenue of $3.9M, expenses of $3.6M, and assets of $6.1M (revenue -9.0% year-over-year).
- 2018: Revenue of $4.3M, expenses of $4.1M, and assets of $6.2M (revenue +3.8% year-over-year).
- 2017: Revenue of $4.1M, expenses of $4.7M, and assets of $5.7M (revenue +12.1% year-over-year).
- 2016: Revenue of $3.7M, expenses of $4.6M, and assets of $5.7M (revenue -30.5% year-over-year).
- 2014: Revenue of $5.3M, expenses of $4.7M, and assets of $6.3M (revenue +1.7% year-over-year).
- 2013: Revenue of $5.2M, expenses of $4.9M, and assets of $5.2M (revenue +11.5% year-over-year).
- 2012: Revenue of $4.7M, expenses of $4.3M, and assets of $4.6M (revenue +19.2% year-over-year).
- 2011: Revenue of $3.9M, expenses of $4.1M, and assets of $4.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lee Academy:
Data Sources and Methodology
This transparency report for Lee 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.