SCHOOL PROFILE · FREE PREVIEW
SCHOOL PROFILE · FREE PREVIEW
Trustees Of Phillips Academy
Andover, MA · Independent schoolNAIS MEMBER
THE READ · FREE SUMMARY
Trustees Of Phillips Academy looks durable. The school holds 11.1 years of operating cushion, a deep balance even by boarding-school standards. Revenue is unusually diversified at 42% tuition-dependent (peer median 83%), with the endowment and gifts carrying real weight. Staff compensation runs 46% of expenses, well below the peer median, worth understanding why. Expenses are outpacing revenue 6.5% vs -7.1% per year over three years, signaling margin compression worth flagging. NACUBO Composite Financial Index: 8.5 / 10, strong.
Trustees Of Phillips Academy runs only 42% tuition-dependent — unusually diversified for an independent school. Endowment payout and contributions carry meaningful weight in the operating budget.
Trustees Of Phillips Academy reported $207.9M in revenue against $161.9M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $1.80B — about 11.10x annual operating expense.
Operating margin landed at 22.1%, with 41.9% of revenue coming from tuition. Among same-size peers, that puts Trustees Of Phillips Academy at the p86 on operating margin.
$207.9M
REVENUE FY2023
22.1%
OP MARGIN
20
PEERS RESOLVED
IRS FORM 990 · DATA THROUGH FY2023
THE FULL REPORT
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Ten panels on Trustees Of Phillips 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 19 similar peer schools, Trustees Of Phillips Academy ranks 2nd 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 — 1,620 independent schools with verified financials.
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