SCHOOL PROFILE · FREE PREVIEW
SCHOOL PROFILE · FREE PREVIEW
Gilman School
Baltimore, MD · Independent K-12NAIS MEMBER
THE READ · FREE SUMMARY
Gilman School looks durable. The school holds 4.8 years of operating cushion: deep institutional balance. Revenue runs 65% tuition-dependent (peer median 81%), diversified by day-school standards, with meaningful contribution and investment income. Staff compensation runs 54% of expenses, leaner than the peer median. Expenses are outpacing revenue 3.5% vs -1.9% per year over three years, signaling margin compression worth flagging. NACUBO Composite Financial Index: 7.4 / 10, strong.
Gilman School holds 4.8 years of operating expense in net assets — a deeper reserve position than most independent day schools carry. Less exposed than peers to a one-year admissions shock.
Gilman School reported $55.6M in revenue against $50.0M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $240.4M — about 4.81x annual operating expense.
Operating margin landed at 10.1%, with 65.2% of revenue coming from tuition. Among same-size peers, that puts Gilman School at the p67 on operating margin.
$55.6M
REVENUE FY2023
10.1%
OP MARGIN
20
PEERS RESOLVED
IRS FORM 990 · DATA THROUGH FY2023
THE FULL REPORT
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Ten panels on Gilman School: 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, Gilman School ranks 4th 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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