SCHOOL PROFILE · FREE PREVIEW
SCHOOL PROFILE · FREE PREVIEW
Friends Academy
Locust Valley, NY · Independent K-12NAIS MEMBER
THE READ · FREE SUMMARY
Friends Academy looks stable. The school holds 2.6 years of operating cushion, a healthy buffer. Revenue is 86% tuition-dependent (peer median 85%), concentrated but in line with most independent day schools. Staff compensation runs 63% of expenses, generous relative to peers. Expenses are outpacing revenue 5.3% vs 1.4% per year over three years, signaling margin compression worth flagging. NACUBO Composite Financial Index: 3.4 / 10, adequate — monitor.
Friends Academy reported $35.1M in revenue against $38.8M in expenses in fiscal year 2024, the most recent filing on record. Net assets stood at $101.8M — about 2.62x annual operating expense.
Operating margin landed at -10.7%, with 86.4% of revenue coming from tuition. Among same-size peers, that puts Friends Academy at the p10 on operating margin.
$35.1M
REVENUE FY2024
-10.7%
OP MARGIN
20
PEERS RESOLVED
IRS FORM 990 · DATA THROUGH FY2024
THE FULL REPORT
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Ten panels on Friends 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, Friends 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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