SCHOOL PROFILE · FREE PREVIEW
SCHOOL PROFILE · FREE PREVIEW
Spruce Street School
Seattle, WA · Independent schoolNAIS MEMBER
THE READ · FREE SUMMARY
Spruce Street School looks durable. The school holds 2.0 years of operating cushion, a healthy buffer. Revenue is 88% tuition-dependent (peer median 89%), concentrated but in line with most independent day schools. Staff compensation runs 57% of expenses, leaner than the peer median. Net assets are growing 12.6%/yr over three years; the cushion is being built, not drawn. NACUBO Composite Financial Index: 8.1 / 10, strong.
Spruce Street School reported $4.3M in revenue against $3.8M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $7.8M — about 2.05x annual operating expense.
Operating margin landed at 11.7%, with 87.7% of revenue coming from tuition. Among same-size peers, that puts Spruce Street School at the p86 on operating margin.
$4.3M
REVENUE FY2023
11.7%
OP MARGIN
20
PEERS RESOLVED
IRS FORM 990 · DATA THROUGH FY2023
THE FULL REPORT
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Ten panels on Spruce Street 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, Spruce Street School ranks 11th 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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