SCHOOL PROFILE · FREE PREVIEW
SCHOOL PROFILE · FREE PREVIEW
Carolina Day School
Asheville, NC · Independent K-12NAIS MEMBER
THE READ · FREE SUMMARY
Carolina Day School looks durable. The school holds 16 months of operating cushion, adequate runway. Revenue is 86% tuition-dependent (peer median 82%), concentrated but in line with most independent day schools. Staff compensation runs 62% of expenses, about par for the peer cohort. Net assets are growing 7.4%/yr over three years; the cushion is being built, not drawn. NACUBO Composite Financial Index: 7.3 / 10, strong.
Carolina Day School reported $23.5M in revenue against $21.8M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $29.5M — about 1.35x annual operating expense.
Operating margin landed at 7.4%, with 86.4% of revenue coming from tuition. Among same-size peers, that puts Carolina Day School at the p43 on operating margin.
$23.5M
REVENUE FY2023
7.4%
OP MARGIN
20
PEERS RESOLVED
IRS FORM 990 · DATA THROUGH FY2023
THE FULL REPORT
Subscribe to see the full report.
Ten panels on Carolina Day 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.
ANNUAL SUBSCRIPTION · CANCEL ANYTIME · 99 FOUNDING SPOTS LEFT
WHERE THIS SCHOOL SITS · REVENUE SCALE VS PEERS
Among 20 similar peer schools, Carolina Day School 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
Ten panels. One school. A year of access.
$250 a year — or $100 the first year for the founding 100.
ANNUAL SUBSCRIPTION · $100 FIRST YEAR FOR FOUNDING MEMBERS · CANCEL ANYTIME · 99 FOUNDING SPOTS LEFT