SCHOOL PROFILE · FREE PREVIEW
SCHOOL PROFILE · FREE PREVIEW
Myrtle Grove Christian School
Wilmington, NC · Independent school
THE READ · FREE SUMMARY
Myrtle Grove Christian School sits in the watch range. Reserves cover 5 months of operating expense, a thin runway. Revenue is highly concentrated at 94% tuition-dependent (peer median 84%): a soft admissions year would flow straight to the bottom line. Staff compensation runs 69% of expenses, about par for the peer cohort. Expenses are outpacing revenue 9.0% vs 6.2% per year over three years, signaling margin compression worth flagging. NACUBO Composite Financial Index: 2.9 / 10, watch.
Myrtle Grove Christian School operates at 94% tuition dependency — among the most tuition-reliant 10% of peers in its cohort. A soft admissions year would flow straight to operations.
Myrtle Grove Christian School reported $4.8M in revenue against $4.7M in expenses in fiscal year 2024, the most recent filing on record. Net assets stood at $1.9M — about 0.40x annual operating expense.
Operating margin landed at 3.0%, with 93.7% of revenue coming from tuition. Among same-size peers, that puts Myrtle Grove Christian School at the p52 on operating margin.
$4.8M
REVENUE FY2024
3.0%
OP MARGIN
20
PEERS RESOLVED
IRS FORM 990 · DATA THROUGH FY2024
THE FULL REPORT
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Ten panels on Myrtle Grove Christian 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, Myrtle Grove Christian School ranks 15th 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.
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