The Peddie School

The Peddie School looks durable. The school holds 10.4 years of operating cushion, a deep balance even by boarding-school standards. Revenue runs 65% tuition-dependent (peer median 82%), moderate diversification with a meaningful endowment and contributions base. Staff compensation runs 43% of expenses, well below the peer median, worth understanding why. Expenses are outpacing revenue 5.9% vs 0.6% per year over three years, signaling margin compression worth flagging. NACUBO Composite Financial Index: 6.4 / 10, strong.

The Peddie School carries 10.4 years of operating cushion in net assets — a balance even most established boarding schools don't hold. The endowment is doing the work most peer schools rely on tuition to do.

The Peddie School reported $59.1M in revenue against $56.5M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $590.0M — about 10.45x annual operating expense.

Operating margin landed at 4.5%, with 65.1% of revenue coming from tuition. Among same-size peers, that puts The Peddie School at the p33 on operating margin.