“It really costs full list price to educate your children. The poor children’s subsidy is coming from donors not other parents.”
“That’s what you say. I’ve seen numbers to the contrary.”
You’ve seen numbers?
Truth is this is a silly comment because there is a huge range in tuition charged. You have schools that charge as Low as 3-4,000 tuition and you have those that charge 30,000 and up. And I am referring to Yeshivas, not other private schools.
I have reviewed financials of private schools that charge in the upper 40,000 per student and still receive contributions and are netting (not gross, net) 8-10 million a year and have reserves and endowments of many millions. But this not the case for any of the yeshivas I’ve seen. Any one that actually showed a net gain for the year was based on donations tiding them over. And the gains were not huge and for the most part were used for buildings and he like which are not expensed as spent.
I know that there will posters that will say, that’s because the administrators are taking all the profit as salary. But that simply is not the case.