SCHOOL PROFILE · FREE PREVIEW
SCHOOL PROFILE · FREE PREVIEW
Worcester Academy
Worcester, MA · Independent K-12NAIS MEMBER
THE READ · FREE SUMMARY
Worcester Academy looks durable. The school holds 4.2 years of operating cushion: deep institutional balance. Revenue runs 74% tuition-dependent (peer median 79%), diversified by day-school standards, with meaningful contribution and investment income. Staff compensation runs 42% of expenses, well below the peer median, worth understanding why. Net assets are growing 12.1%/yr over three years; the cushion is being built, not drawn. NACUBO Composite Financial Index: 7.8 / 10, strong.
Worcester Academy reported $36.7M in revenue against $33.1M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $138.2M — about 4.17x annual operating expense.
Operating margin landed at 9.8%, with 74.1% of revenue coming from tuition. Among same-size peers, that puts Worcester Academy at the p70 on operating margin.
$36.7M
REVENUE FY2023
9.8%
OP MARGIN
20
PEERS RESOLVED
IRS FORM 990 · DATA THROUGH FY2023
THE FULL REPORT
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Ten panels on Worcester 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, Worcester Academy ranks 15th 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.
The full school report
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