International Friends School

International Friends School looks stable. Reserves cover under 2 months of expenses, a precarious runway. Revenue is 89% tuition-dependent (peer median 88%), concentrated but in line with most independent day schools. Staff compensation runs 69% of expenses, generous relative to peers. Net assets are growing 61.9%/yr over three years; the cushion is being built, not drawn. NACUBO Composite Financial Index: 4.9 / 10, adequate — monitor.

International Friends School holds only 2 months of operating expense in reserve — a thin runway that warrants understanding before walking into a campus visit.

International Friends School reported $3.2M in revenue against $2.9M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $392K — about 0.14x annual operating expense.

Operating margin landed at 9.2%, with 89.4% of revenue coming from tuition. Among same-size peers, that puts International Friends School at the p76 on operating margin.