Brearley

Brearley looks durable. The school holds 4.9 years of operating cushion: deep institutional balance. Revenue runs 71% tuition-dependent (peer median 83%), diversified by day-school standards, with meaningful contribution and investment income. Staff compensation runs 59% of expenses, about par for the peer cohort. NACUBO Composite Financial Index: 7.8 / 10, strong.

Brearley holds 4.9 years of operating expense in net assets — a deeper reserve position than most independent day schools carry. Less exposed than peers to a one-year admissions shock.

Brearley reported $68.2M in revenue against $62.0M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $301.6M — about 4.87x annual operating expense.

Operating margin landed at 9.1%, with 71.3% of revenue coming from tuition. Among same-size peers, that puts Brearley at the p67 on operating margin.