Ezra Academy

Ezra Academy looks stable. Reserves cover 8 months of operating expense, a thin runway. Revenue runs 72% tuition-dependent (peer median 88%), diversified by day-school standards, with meaningful contribution and investment income. Staff compensation runs 72% of expenses, generous relative to peers. Expenses are outpacing revenue 8.5% vs -1.4% per year over three years, signaling margin compression worth flagging. NACUBO Composite Financial Index: 3.4 / 10, adequate — monitor.

Ezra Academy reported $2.2M in revenue against $2.1M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $1.4M — about 0.65x annual operating expense.

Operating margin landed at 1.7%, with 71.8% of revenue coming from tuition. Among same-size peers, that puts Ezra Academy at the p59 on operating margin.