Proctor Academy
Proctor Academy shows consistent revenue growth and strong asset accumulation over the past decade.
EIN: 20222179 · Andover, NH · NTEE: B250 · Updated: 2026-03-28
Is Proctor Academy Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Proctor Academy directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Proctor Academy
Proctor Academy (EIN: 20222179) is a nonprofit organization based in Andover, NH, classified under NTEE code B250. The organization reported total revenue of $47.1M and total assets of $97.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Proctor Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Proctor Academy with a Mission Score of 85 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Proctor 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.
Executive Compensation Analysis
The provided IRS 990 filing history indicates 0% officer compensation for all reported periods, suggesting that executive compensation is either not reported in this specific field or is not a significant portion of the organization's expenses relative to its size and revenue of over $34 million in 2023.
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 Proctor Academy:
- Consistent revenue growth, increasing from $22.9M in 2014 to $34.3M in 2023.
- Strong asset growth, from $61.3M in 2014 to $92.7M in 2023, indicating financial health.
- Consistent operating surpluses, with revenues exceeding expenses in all reported periods.
- No reported officer compensation in the provided summary, suggesting efficient use of funds or alternative compensation structures.
- Low liabilities relative to assets, with liabilities at $24.6M against $92.7M in assets in 2023.
Frequently Asked Questions about Proctor Academy
Is Proctor Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Proctor Academy (EIN: 20222179) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does Proctor Academy spend its money?
Proctor Academy directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Proctor Academy tax-deductible?
Proctor Academy is registered as a tax-exempt nonprofit (EIN: 20222179). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Proctor Academy financially stable?
Yes, Proctor Academy appears financially stable. Its assets have grown from $61.3 million in 2014 to $92.7 million in 2023, and it consistently reports revenues exceeding expenses, indicating a healthy financial position.
How has Proctor Academy's revenue changed over time?
Proctor Academy has shown consistent revenue growth, increasing from $22.9 million in 2014 to $34.3 million in 2023, with a peak of $47.1 million in the latest reported revenue, demonstrating a strong upward trend.
What is the trend in Proctor Academy's assets?
Proctor Academy's assets have shown a strong upward trend, growing from $61.3 million in 2014 to $92.7 million in 2023, indicating significant financial growth and accumulation of resources.
Filing History
IRS 990 filing history for Proctor Academy showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Proctor Academy's revenue has grown by 65.1%, moving from $20.8M to $34.3M. Total assets increased by 28.3% over the same period, from $72.2M to $92.7M. Total functional expenses rose by 73.2%, from $18.9M to $32.8M. In its most recent filing year (2023), Proctor Academy reported a surplus of $1.5M, with revenue exceeding expenses. The organization holds $24.6M in liabilities against $92.7M in assets (debt-to-asset ratio: 26.6%), resulting in net assets of $68.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $34.3M | $32.8M | $92.7M | $24.6M | — | View 990 |
| 2022 | $32.1M | $30.7M | $90.4M | $26.5M | — | View 990 |
| 2021 | $32.5M | $29.7M | $95.0M | $26.9M | — | View 990 |
| 2020 | $31.5M | $28.9M | $88.2M | $27.6M | — | View 990 |
| 2019 | $28.9M | $28.9M | $83.5M | $24.1M | — | View 990 |
| 2018 | $29.5M | $27.5M | $80.8M | $23.5M | — | View 990 |
| 2017 | $29.9M | $26.0M | $74.6M | $20.7M | — | View 990 |
| 2016 | $27.1M | $24.6M | $66.9M | $18.6M | — | View 990 |
| 2015 | $29.3M | $23.7M | $66.3M | $19.3M | — | View 990 |
| 2014 | $22.9M | $22.5M | $61.3M | $19.2M | — | View 990 |
| 2013 | $25.0M | $21.5M | $59.9M | $19.2M | — | View 990 |
| 2012 | $23.6M | $20.0M | $57.7M | $21.6M | — | View 990 |
| 2011 | $20.8M | $18.9M | $72.2M | $21.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $34.3M, expenses of $32.8M, and assets of $92.7M (revenue +6.7% year-over-year).
- 2022: Revenue of $32.1M, expenses of $30.7M, and assets of $90.4M (revenue -1.1% year-over-year).
- 2021: Revenue of $32.5M, expenses of $29.7M, and assets of $95.0M (revenue +3.0% year-over-year).
- 2020: Revenue of $31.5M, expenses of $28.9M, and assets of $88.2M (revenue +9.0% year-over-year).
- 2019: Revenue of $28.9M, expenses of $28.9M, and assets of $83.5M (revenue -1.8% year-over-year).
- 2018: Revenue of $29.5M, expenses of $27.5M, and assets of $80.8M (revenue -1.4% year-over-year).
- 2017: Revenue of $29.9M, expenses of $26.0M, and assets of $74.6M (revenue +10.3% year-over-year).
- 2016: Revenue of $27.1M, expenses of $24.6M, and assets of $66.9M (revenue -7.6% year-over-year).
- 2015: Revenue of $29.3M, expenses of $23.7M, and assets of $66.3M (revenue +28.2% year-over-year).
- 2014: Revenue of $22.9M, expenses of $22.5M, and assets of $61.3M (revenue -8.5% year-over-year).
- 2013: Revenue of $25.0M, expenses of $21.5M, and assets of $59.9M (revenue +5.7% year-over-year).
- 2012: Revenue of $23.6M, expenses of $20.0M, and assets of $57.7M (revenue +13.9% year-over-year).
- 2011: Revenue of $20.8M, expenses of $18.9M, and assets of $72.2M.
Data Sources and Methodology
This transparency report for Proctor 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.