IOLANI SCHOOL
Mission Statement
‘Iolani School is a co-educational, college-preparatory school for grades K-12 founded upon Christian principles. Its mission is to develop liberally educated, well-rounded individuals who are well prepared for higher education and for responsible, moral citizenship. To foster academic excellence and personal growth, a school must be challenging and competitive yet compassionate and humane. The 'Iolani motto "One Team" expresses the spirit of unselfish cooperation and mutual support among faculty, staff, coaches, parents and students. 'Iolani School is committed to the following ideals: An education which reflects its Episcopal Church heritage and provides a spiritual foundation for the development of personal values and moral integrity. An exemplary college preparatory curriculum with small classes, personalized instruction and frequent occasions to speak, listen, think and write. The development of individuals who are creative and inquisitive, who can analyze and synthesize information to solve problems, and who conduct themselves with confidence, discretion, tolerance and compassion. A student body diverse in cultural, ethnic, and socioeconomic backgrounds who bring the best combination of intellect, talent, character and leadership to the school. Programs which offer students ample opportunity to develop their ability and confidence in intellectual, spiritual, social, aesthetic and physical pursuits. A balance of commitment to personal growth with concern for others Lifelong learning and active, informed, productive citizenship in the local, national and global communities.
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
|
87.2% | 84.4% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
9.4% | 13.5% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
3.5% | 0.7% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
250.2% | 631.2% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
42.3 mo | 10.9 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
26.6% | 34.2% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
68.1% | 87.3% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
4.0% | 4.8% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
8.7% | 8.5% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
11.9% | 2.7% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $99.3M | $87.5M | $308.1M | 87.2% | 1184 |
| 2022 | $95.4M | $80.5M | $274.7M | 89.0% | 1183 |
| 2021 | $108.0M | $75.3M | N/A | — | 992 |
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