SCHOOL PROFILE · FREE PREVIEW
SCHOOL PROFILE · FREE PREVIEW
Groves Academy
St Louis Park, MN · Independent schoolNAIS MEMBER
THE READ · FREE SUMMARY
Groves Academy looks durable. The school holds 1.6 years of operating cushion, a healthy buffer. Revenue is 80% tuition-dependent (peer median 86%), concentrated but in line with most independent day schools. Staff compensation runs 66% of expenses, generous relative to peers. Expenses are outpacing revenue 7.9% vs 3.3% per year over three years, signaling margin compression worth flagging. NACUBO Composite Financial Index: 5.2 / 10, strong.
Groves Academy reported $19.3M in revenue against $18.9M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $29.3M — about 1.55x annual operating expense.
Operating margin landed at 2.3%, with 80.2% of revenue coming from tuition. Among same-size peers, that puts Groves Academy at the p48 on operating margin.
$19.3M
REVENUE FY2023
2.3%
OP MARGIN
20
PEERS RESOLVED
IRS FORM 990 · DATA THROUGH FY2023
THE FULL REPORT
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Ten panels on Groves Academy: 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, Groves Academy ranks 14th 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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