Education
(B250)
990 on File
NORWICH FREE ACADEMY
Financial strength (30%)
79/100
Reliability (20%)
55/100
Effectiveness (25%)
88/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2024
$39.9M
Total Revenue
$42.2M
Total Expenses
$39.7M
Net Assets
499
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
79.3%
Fundraising Efficiency
N/A
Operating Reserve
11.28x
Liability-to-Asset
14.2%
Revenue Diversification
91.4%
Executive Compensation
$817K
Compared with Peers
FY 2024
Compared with 1,943 similar organizations
(United States, Education, $10M–$100M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
79.3% | 84.6% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
20.8% | 13.3% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.7% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
11.3 mo | 10.6 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
14.2% | 31.2% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
91.4% | 88.3% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
-14.7% | 7.9% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-2.7% | 7.4% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-5.7% | 3.0% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $39.9M | $42.2M | $39.7M | 79.3% | 499 |
| 2023 | $46.8M | $43.4M | $40.3M | 72.2% | 492 |
| 2022 | $48.5M | $39.7M | $32.3M | 72.2% | 484 |
| 2021 | $42.6M | $39.5M | N/A | — | 474 |
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