SCHOOL PROFILE · FREE PREVIEW
SCHOOL PROFILE · FREE PREVIEW
Asheville Christian Academy
Swannanoa, NC · Independent school
THE READ · FREE SUMMARY
Asheville Christian Academy is burning the cushion faster than the 15-month buffer suggests. Expenses are outpacing revenue 12.0% vs 4.0% per year over three years, and the latest operating margin is -7.3% on a 90% tuition-dependent revenue mix. Covering the deficit at today's rate, it would take more than a decade to exhaust reserves — the full budget, by contrast, is covered for about 15 months if every revenue line stopped. The board conversation here is the recovery plan for the operating model and the timeline to break-even. NACUBO Composite Financial Index: 2.3 / 10, watch.
Asheville Christian Academy reported $13.0M in revenue against $14.0M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $17.5M — about 1.25x annual operating expense.
Operating margin landed at -7.3%, with 90.0% of revenue coming from tuition. Among same-size peers, that puts Asheville Christian Academy at the p10 on operating margin.
$13.0M
REVENUE FY2023
-7.3%
OP MARGIN
20
PEERS RESOLVED
IRS FORM 990 · DATA THROUGH FY2023
THE FULL REPORT
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Ten panels on Asheville Christian 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, Asheville Christian Academy ranks 9th 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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