Interlochen Center for the Arts

Interlochen Center for the Arts looks durable. The school holds 10.9 years of operating cushion, a deep balance even by boarding-school standards. Revenue is unusually diversified at 0% tuition-dependent (peer median 78%), with the endowment and gifts carrying real weight. Staff compensation runs 25% of expenses, well below the peer median, worth understanding why. Net assets are growing 10.1%/yr over three years; the cushion is being built, not drawn. NACUBO Composite Financial Index: 9.2 / 10, strong.

Interlochen Center for the Arts runs only 1% tuition-dependent — unusually diversified for an independent school. Endowment payout and contributions carry meaningful weight in the operating budget.

Interlochen Center for the Arts reported $66.0M in revenue against $26.9M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $293.4M — about 10.91x annual operating expense.

Operating margin landed at 59.2%, with 0.5% of revenue coming from tuition. Among same-size peers, that puts Interlochen Center for the Arts at the p100 on operating margin.