Charles Wright Academy

Charles Wright Academy is burning the cushion faster than the 2.5-year buffer suggests. Expenses are outpacing revenue 11.3% vs -0.5% per year over three years, and the latest operating margin is -21.6% on a 88% 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 2.5 years 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: 3.1 / 10, adequate — monitor.

Charles Wright Academy reported $20.8M in revenue against $25.3M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $63.3M — about 2.51x annual operating expense.

Operating margin landed at -21.6%, with 88.2% of revenue coming from tuition. Among same-size peers, that puts Charles Wright Academy at the p0 on operating margin.