Columbus Academy

Columbus Academy looks stable. The school holds 1.7 years of operating cushion, a healthy buffer. Revenue is 84% tuition-dependent (peer median 77%), concentrated but in line with most independent day schools. Staff compensation runs 61% of expenses, generous relative to peers. Expenses are outpacing revenue 5.8% vs 1.5% per year over three years, signaling margin compression worth flagging. NACUBO Composite Financial Index: 3.3 / 10, adequate — monitor.

Columbus Academy reported $43.3M in revenue against $45.5M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $78.7M — about 1.73x annual operating expense.

Operating margin landed at -5.1%, with 84.5% of revenue coming from tuition. Among same-size peers, that puts Columbus Academy at the p17 on operating margin.