Education
(B200)
IRS Verified
DX Registered
990 on File
HORACE MANN SCHOOL
Financial strength (30%)
76/100
Reliability (20%)
55/100
Effectiveness (25%)
88/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
Horace Mann School prepares a diverse community of students to lead great and giving lives. We strive to maintain a safe, secure, and caring environment in which mutual respect, mature behavior, and the life of the mind can thrive. We recognize and celebrate individual achievement and contributions to the common good.
Financial Overview — FY 2023
$134.4M
Total Revenue
$117.5M
Total Expenses
$327.1M
Net Assets
568
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
88.2%
Fundraising Efficiency
1673.7%
Operating Reserve
33.42x
Liability-to-Asset
30.8%
Revenue Diversification
83.7%
Executive Compensation
$3.9M
Compared with Peers
FY 2023
Compared with 607 similar organizations
(United States, Education, $100M and over in expenses), FY 2023.
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
|
88.2% | 87.4% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
9.5% | 10.5% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
2.3% | 1.3% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
1673.7% | 4415.8% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
33.4 mo | 20.3 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
30.8% | 27.0% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
83.7% | 84.6% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
1.1% | -2.0% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-0.2% | 5.9% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
12.6% | 1.3% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $134.4M | $117.5M | $327.1M | 88.2% | 568 |
| 2022 | $133.0M | $117.7M | $289.6M | 87.7% | 572 |
| 2021 | $137.2M | $116.0M | N/A | — | 595 |
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