SCHOOL PROFILE · FREE PREVIEW
SCHOOL PROFILE · FREE PREVIEW
Bright Academy
Mobile, AL · Independent school
THE READ · FREE SUMMARY
Bright Academy shows signs of real financial distress. On the latest filing, net assets are negative on the latest filing — liabilities exceed total assets, so there is no reserve cushion. Revenue is 86% tuition-dependent (peer median 82%), concentrated but in line with most independent day schools. Staff compensation runs 66% of expenses, about par for the peer cohort. NACUBO Composite Financial Index: -2.5 / 10, distressed.
Bright Academy reported $391K in revenue against $427K in expenses in fiscal year 2024, the most recent filing on record. Net assets stood at -$28K.
Operating margin landed at -9.2%, with 86.1% of revenue coming from tuition. Among same-size peers, that puts Bright Academy at the p10 on operating margin.
$391K
REVENUE FY2024
-9.2%
OP MARGIN
20
PEERS RESOLVED
IRS FORM 990 · DATA THROUGH FY2024
THE FULL REPORT
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Ten panels on Bright 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, Bright Academy ranks 21st 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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