Brown School

Brown School sits in the watch range. Reserves cover 6 months of operating expense, a thin runway. Revenue is highly concentrated at 94% tuition-dependent (peer median 82%): a soft admissions year would flow straight to the bottom line. Staff compensation runs 69% of expenses, about par for the peer cohort. Expenses are outpacing revenue 10.3% vs 4.0% per year over three years, signaling margin compression worth flagging. NACUBO Composite Financial Index: 1.4 / 10, watch.

Brown School holds only 6 months of operating expense in reserve — a thin runway that warrants understanding before walking into a campus visit.

Brown School reported $3.0M in revenue against $3.0M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $1.4M — about 0.48x annual operating expense.

Operating margin landed at -0.2%, with 93.8% of revenue coming from tuition. Among same-size peers, that puts Brown School at the p43 on operating margin.