SCHOOL PROFILE · FREE PREVIEW
SCHOOL PROFILE · FREE PREVIEW
The Pennington School
Pennington, NJ · Independent K-12NAIS MEMBER
THE READ · FREE SUMMARY
The Pennington School looks stable. The school holds 1.9 years of operating cushion, a healthy buffer. Revenue is 82% tuition-dependent (peer median 84%), concentrated but in line with most independent day schools. Staff compensation runs 48% of expenses, well below the peer median, worth understanding why. Expenses are outpacing revenue 7.4% vs 4.3% per year over three years, signaling margin compression worth flagging. NACUBO Composite Financial Index: 4.0 / 10, adequate — monitor.
The Pennington School reported $37.8M in revenue against $38.7M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $72.6M — about 1.88x annual operating expense.
Operating margin landed at -2.2%, with 82.2% of revenue coming from tuition. Among same-size peers, that puts The Pennington School at the p17 on operating margin.
$37.8M
REVENUE FY2023
-2.2%
OP MARGIN
20
PEERS RESOLVED
IRS FORM 990 · DATA THROUGH FY2023
THE FULL REPORT
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Ten panels on The Pennington 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, The Pennington School ranks 9th 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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