SCHOOL PROFILE · FREE PREVIEW
SCHOOL PROFILE · FREE PREVIEW
The Carey School
San Mateo, CA · Independent schoolNAIS MEMBER
THE READ · FREE SUMMARY
The Carey School looks durable. The school holds 2.0 years of operating cushion, a healthy buffer. Revenue runs 78% tuition-dependent (peer median 86%), diversified by day-school standards, with meaningful contribution and investment income. Staff compensation runs 67% of expenses, generous relative to peers. Net assets are growing 5.3%/yr over three years; the cushion is being built, not drawn. NACUBO Composite Financial Index: 9.0 / 10, strong.
The Carey School reported $15.1M in revenue against $12.6M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $25.5M — about 2.02x annual operating expense.
Operating margin landed at 16.4%, with 78.1% of revenue coming from tuition. Among same-size peers, that puts The Carey School at the p97 on operating margin.
$15.1M
REVENUE FY2023
16.4%
OP MARGIN
20
PEERS RESOLVED
IRS FORM 990 · DATA THROUGH FY2023
THE FULL REPORT
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Ten panels on The Carey 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, The Carey School ranks 3rd 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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