FISHER COLLEGE
Mission Statement
At Fisher College, our compassionate community empowers students of all backgrounds to grow, gain confidence, and reimagine their future. We open doors of opportunity, and we understand the power of creating an inclusive environment in which every student can thrive. By providing opportunities to collaborate, serve, and make connections in their communities, we enable them to realize their vast potential while fostering a deep sense of social responsibility. Together, we inspire our students to create positive change in the world. Since 1903, our educational institution has continued to evolve, offering flexible online and on-campus undergraduate and graduate programs of long-lasting value. Our steadfast commitment to student success remains constant. Throughout every change, we stand by our commitment to our students so they can build a sense of pride in their work. Our mission is to help open doors to the vast possibilities within their future career goals and the satisfaction of giving back to others. For our students, the revolutionary history and pulsing energy of Boston invite them into a future of endless possibility. They learn to chart their path to success, daring to lead change in their lives and careers. As they strengthen their leadership skills and convictions, they have a profound impact on the world around them. Here, they discover the courage to challenge expectations, fearlessly pursue their dreams, and build a future that is truly their own. Fisher College improves lives by providing students with the knowledge and skills necessary for a lifetime of intellectual and professional pursuits.
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
86.0% | 84.4% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
12.7% | 13.5% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
1.3% | 0.7% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
27.0 mo | 10.9 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
14.4% | 34.2% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
84.2% | 87.3% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
4.2% | 4.8% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
12.7% | 8.5% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-7.3% | 2.7% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $23.4M | $25.2M | $56.5M | 86.0% | 453 |
| 2022 | $22.5M | $22.3M | $52.2M | 85.2% | 416 |
| 2021 | $25.0M | $21.4M | N/A | — | 426 |
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