The Knox School of Santa Barbara sits in the watch range. Reserves cover under 0 months of expenses, a precarious runway. Revenue is highly concentrated at 91% tuition-dependent (peer median 83%): a soft admissions year would flow straight to the bottom line. Staff compensation runs 62% of expenses, leaner than the peer median. Three-year net-asset trend is negative (-16.1%/yr), indicating reserve drawdown. NACUBO Composite Financial Index: 2.6 / 10, watch.
The Knox School of Santa Barbara holds only 0 months of operating expense in reserve — a thin runway that warrants understanding before walking into a campus visit.
The Knox School of Santa Barbara reported $1.8M in revenue against $1.8M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $55K — about 0.03x annual operating expense.
Operating margin landed at 1.6%, with 91.2% of revenue coming from tuition. Among same-size peers, that puts The Knox School of Santa Barbara at the p59 on operating margin.
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Why “revenue scale” and not “endowment per student”: independent-school 990s don’t carry per-school enrollment, and NCES PSS coverage is partial, so we cannot divide endowment by a verified student count for every school. The bar above is each school’s latest reported total revenue. True endowment-per-student is scheduled for v1.1+ once Schedule D Part V parsing lands.
Peers are scored by similarity along three equal-weighted dimensions: size cohort (Form 990 employee count + max-revenue tier, a proxy for student enrollment, which the 990 does not carry), geographic region (eight-region grouping), and association overlap (NAIS, NBOA, regional councils). We rank the top 20 nearest peers and chart the first 12 by latest reported revenue. Values are the school’s most recently filed total revenue on IRS Form 990.