SCHOOL PROFILE · FREE PREVIEW
SCHOOL PROFILE · FREE PREVIEW
Milton Hershey School
Hershey, PA · Independent K-12NAIS MEMBER
THE READ · FREE SUMMARY
Milton Hershey School looks durable. The school holds 62.4 years of operating cushion: deep institutional balance. Revenue is unusually diversified at 0% tuition-dependent (peer median 80%). Staff compensation runs 49% of expenses, leaner than the peer median. Expenses are outpacing revenue 6.8% vs -7.2% per year over three years, signaling margin compression worth flagging. NACUBO Composite Financial Index: 7.6 / 10, strong.
Milton Hershey School runs only 0% tuition-dependent — unusually diversified for an independent school. Endowment payout and contributions carry meaningful weight in the operating budget.
Milton Hershey School reported $814.0M in revenue against $370.1M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $23.11B — about 62.44x annual operating expense.
Operating margin landed at 54.5%, with 0.1% of revenue coming from tuition. Among same-size peers, that puts Milton Hershey School at the p93 on operating margin.
$814.0M
REVENUE FY2023
54.5%
OP MARGIN
20
PEERS RESOLVED
IRS FORM 990 · DATA THROUGH FY2023
THE FULL REPORT
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Ten panels on Milton Hershey 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, Milton Hershey School ranks 1st 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.
The full school report
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