The only research study based on the audited financial statements of independent schools, the Financial State of the Industry report draws on an expansive national data set, thanks to a data collaboration effort with NAIS. The report includes an executive summary and analysis of 17 financial indicators in tuition, enrollment, expenses, annual giving and other areas of interest. Analyses are presented for day schools and schools with boarding as well as by school enrollment. Notable trends in the 2022-23 school year data include increases in operating expenses per student, "gap" per student and annual giving per student.
Released: 2024
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