SCHOOL PROFILE · FREE PREVIEW
SCHOOL PROFILE · FREE PREVIEW
Culver Academies
Culver, IN · Independent K-12
THE READ · FREE SUMMARY
Culver Academies looks durable. The school holds 9.5 years of operating cushion, typical for a residential school of this scale. Revenue is unusually diversified at 35% tuition-dependent (HiveCheck peer-group median 80%), with the endowment and gifts carrying real weight. Staff compensation runs 46% of expenses, leaner than the peer median. Net assets are growing 6.7%/yr over three years; the cushion is being built, not drawn. NACUBO Composite Financial Index: 9.0 / 10, strong.
Culver Academies runs only 35% tuition-dependent — unusually diversified for an independent school. Endowment payout and contributions carry meaningful weight in the operating budget.
Culver Academies reported $180.4M in revenue against $102.8M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $979.6M — about 9.53x annual operating expense.
Operating margin landed at 43.0%, with 34.7% of revenue coming from tuition. Among same-size peers, that puts Culver Academies at the p97 on operating margin.
$180.4M
REVENUE FY2023
43.0%
OP MARGIN
20
PEERS RESOLVED
IRS FORM 990 · DATA THROUGH FY2023
THE FULL REPORT
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Ten panels on Culver Academies: 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, Culver Academies ranks 2nd 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 — 1,650 independent schools with verified financials.
The full school report
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