SCHOOL PROFILE · FREE PREVIEW
SCHOOL PROFILE · FREE PREVIEW
The Governor's Academy
Byfield, MA · Independent K-12
THE READ · FREE SUMMARY
The Governor's Academy looks durable. The school holds 3.7 years of operating cushion, on the lighter end for a boarding school. Revenue is unusually diversified at 51% tuition-dependent (HiveCheck peer-group median 78%), with the endowment and gifts carrying real weight. Staff compensation runs 51% of expenses, about par for the HiveCheck peer group. Expenses are outpacing revenue 5.4% vs -5.5% per year over three years, signaling margin compression worth flagging. NACUBO Composite Financial Index: 8.7 / 10, strong.
The Governor's Academy runs only 51% tuition-dependent — unusually diversified for an independent school. Endowment payout and contributions carry meaningful weight in the operating budget.
The Governor's Academy reported $55.8M in revenue against $41.0M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $152.2M — about 3.71x annual operating expense.
Operating margin landed at 26.5%, with 51.2% of revenue coming from tuition. Among same-size peers, that puts The Governor's Academy at the p97 on operating margin.
$55.8M
REVENUE FY2023
26.5%
OP MARGIN
20
PEERS RESOLVED
IRS FORM 990 · DATA THROUGH FY2023
THE FULL REPORT
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Ten panels on The Governor's Academy: financial health, peer comparison, community demographics, paying & giving capacity, competitive position, enrollment demand, leadership compensation, governance — and the questions to ask. One subscription opens every school.
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WHERE THIS SCHOOL SITS · REVENUE SCALE VS PEERS
Among 20 similar peer schools, The Governor's Academy ranks 7th by latest 990 revenue.
Revenue scale
WHAT’S IN THE REPORT
- Financials — IRS Form 990, up to nine years on file.
- Enrollment & demand — IRS 990 tuition revenue + U.S. Census county births.
- Competition — NCES private (PSS) + public (CCD) school inventory.
- Demographics — U.S. Census Bureau, ACS 5-year estimates.
- Local economy — U.S. Bureau of Labor Statistics, QCEW and CES.
- Peer set — 1,650 independent schools with verified financials.
The full school report
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