SCHOOL PROFILE · FREE PREVIEW
SCHOOL PROFILE · FREE PREVIEW
The Craig School
Mountain Lakes, NJ · Independent schoolNAIS MEMBER
THE READ · FREE SUMMARY
The Craig School looks durable. The school holds 15 months of operating cushion, adequate runway. Revenue is highly concentrated at 93% tuition-dependent (peer median 85%): a soft admissions year would flow straight to the bottom line. Staff compensation runs 74% of expenses, generous relative to peers. Expenses are outpacing revenue 6.7% vs 2.9% per year over three years, signaling margin compression worth flagging. NACUBO Composite Financial Index: 5.7 / 10, strong.
The Craig School operates at 93% tuition dependency — among the most tuition-reliant 3% of peers in its cohort. A soft admissions year would flow straight to operations.
The Craig School reported $8.8M in revenue against $8.3M in expenses in fiscal year 2024, the most recent filing on record. Net assets stood at $10.3M — about 1.23x annual operating expense.
Operating margin landed at 5.5%, with 93.0% of revenue coming from tuition. Among same-size peers, that puts The Craig School at the p43 on operating margin.
$8.8M
REVENUE FY2024
5.5%
OP MARGIN
20
PEERS RESOLVED
IRS FORM 990 · DATA THROUGH FY2024
THE FULL REPORT
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Ten panels on The Craig 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 Craig School ranks 10th 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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