SCHOOL PROFILE · FREE PREVIEW
SCHOOL PROFILE · FREE PREVIEW
Carolina Academy, The
Lake City, SC · Independent school
THE READ · FREE SUMMARY
Carolina Academy, The looks stable. The school holds 1.7 years of operating cushion, a healthy buffer. Revenue is highly concentrated at 97% tuition-dependent (peer median 88%): a soft admissions year would flow straight to the bottom line. Staff compensation runs 67% of expenses, leaner than the peer median. Expenses are outpacing revenue 10.7% vs -6.6% per year over three years, signaling margin compression worth flagging. NACUBO Composite Financial Index: 3.5 / 10, adequate — monitor.
Carolina Academy, The operates at 97% tuition dependency — among the most tuition-reliant 9% of peers in its cohort. A soft admissions year would flow straight to operations.
Carolina Academy, The reported $2.1M in revenue against $2.2M in expenses in fiscal year 2024, the most recent filing on record. Net assets stood at $3.7M — about 1.70x annual operating expense.
Operating margin landed at -3.0%, with 96.5% of revenue coming from tuition. Among same-size peers, that puts Carolina Academy, The at the p27 on operating margin.
$2.1M
REVENUE FY2024
-3.0%
OP MARGIN
20
PEERS RESOLVED
IRS FORM 990 · DATA THROUGH FY2024
THE FULL REPORT
Subscribe to see the full report.
Ten panels on Carolina Academy, The: 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 Academy, The 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