REGENTS OF THE MERCERSBURG COLLEGE
Mission Statement
At Mercersburg Academy we embrace the values of hard work, character, and community while learning to balance independence with interdependence and individual humility with collective pride. Our students commit to a life of learning, seek to understand the spiritual nature of human existence, and develop a determination to lead and serve the world. Mercersburg Academy continues to create the conditions for deeper, more sustainable learning that a changing world requires. After significant research and careful consideration, Mercersburg has identified meaning and mastery, wellness, and access and affordability as the visionary pillars of the next stage in our school’s evolution. Learn more about our strategic design.
Financial Overview — FY 2025
Compared with Peers
FY 2025| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
76.4% | 84.4% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
17.3% | 13.6% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
6.3% | 0.5% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
128.5 mo | 10.5 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
8.4% | 32.5% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
37.5% | 88.2% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
27.5% | 5.8% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
3.5% | 5.7% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
38.6% | 3.2% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $90.0M | $55.2M | $591.4M | 76.4% | 367 |
| 2024 | $70.6M | $53.4M | $543.8M | 75.1% | 391 |
| 2023 | $47.0M | $48.9M | $491.3M | 76.7% | 395 |
| 2022 | $49.2M | $46.6M | $459.4M | 77.1% | 372 |
| 2021 | $46.3M | $43.0M | N/A | — | 296 |
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