SCHOOL PROFILE · FREE PREVIEW
SCHOOL PROFILE · FREE PREVIEW
Corlears School
New York, NY · Independent schoolNAIS MEMBER
THE READ · FREE SUMMARY
Corlears School is burning the cushion faster than the balance sheet suggests. Expenses are outpacing revenue 5.8% vs -5.7% per year over three years, and the latest operating margin is -37.5% on a 87% tuition-dependent revenue mix. At the current burn rate, the cushion will be drawn down within a measurable horizon. The board conversation here is the recovery plan for the operating model and the timeline to break-even. NACUBO Composite Financial Index: -2.7 / 10, distressed.
Corlears School reported $7.1M in revenue against $9.8M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at -$1.6M.
Operating margin landed at -37.5%, with 87.0% of revenue coming from tuition. Among same-size peers, that puts Corlears School at the p7 on operating margin.
$7.1M
REVENUE FY2023
-37.5%
OP MARGIN
20
PEERS RESOLVED
IRS FORM 990 · DATA THROUGH FY2023
THE FULL REPORT
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Ten panels on Corlears School: 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, Corlears School ranks 16th 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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