SCHOOL PROFILE · FREE PREVIEW
SCHOOL PROFILE · FREE PREVIEW
Bullis School
Potomac, MD · Independent K-12NAIS MEMBER
THE READ · FREE SUMMARY
Bullis School looks durable. The school holds 17 months of operating cushion, adequate runway. Revenue runs 80% tuition-dependent (peer median 84%), diversified by day-school standards, with meaningful contribution and investment income. Staff compensation runs 51% of expenses, well below the peer median, worth understanding why. Net assets are growing 17.0%/yr over three years; the cushion is being built, not drawn. NACUBO Composite Financial Index: 9.3 / 10, strong.
Bullis School reported $69.7M in revenue against $53.5M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $77.0M — about 1.44x annual operating expense.
Operating margin landed at 23.2%, with 79.8% of revenue coming from tuition. Among same-size peers, that puts Bullis School at the p97 on operating margin.
$69.7M
REVENUE FY2023
23.2%
OP MARGIN
20
PEERS RESOLVED
IRS FORM 990 · DATA THROUGH FY2023
THE FULL REPORT
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Ten panels on Bullis 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, Bullis School ranks 3rd 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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