School Finance Overview
School Finance Overview
CPS Financial Scorecard
Each year, CPS rates all charter schools on several key metrics of financial health. Our school’s most recent available scorecard is linked here.
Annual Budget
Our fiscal year runs from July 1st to June 30th the following year. Our most recently audited fiscal year is FY25, where our total consolidated revenue was approximately $11.7MM. The school continued to grow enrollment and strengthen programming during FY25, serving 545 students (K–8), and our overall operating budget reflects that continued growth. We anticipate our future budgets to remain aligned with enrollment, state and federal funding levels, and programmatic needs.
Sources of Funding
The pie chart below shows our revenue sources for FY25. Approximately 93 percent of our funding came from public sources through city, state, and federal allocations. These funds are largely determined by per-pupil formulas and our student poverty index.
About 5 percent of our funds were privately raised through grants and contributions that support our academic program, enrichment opportunities, and general operations.
The remaining 2 percent came from other revenue sources, including investment income and. student fees.
Operating Expenses
The pie chart below shows our operating expenses for FY25
Direct Student Costs include curriculum, classroom supplies, educational materials, uniforms, enrichment opportunities, special events (graduation, prom, etc.), student incentives, and meal services, among others.
Personnel Costs are salaries, benefits, payroll taxes, etc. - all costs associated with the teachers and administrators who run the school.
Occupancy Costs are the funds it takes to rent and maintain our school buildings.
Office Administration Costs include payroll and HR services, accounting and auditing services, printers and copy machines, telecommunications, tech support, and other expenses needed to run school offices and enable staff to do their jobs.
Other Costs are primarily the administrative fee that we pay to CPS as well as other fees.
This chart includes our operating expenses for the year and thus does not include capital expenditures. For a more detailed overview of our CapEx budget, you can request a copy of our audit at any time by emailing info@glachicago.org.
Other information
Our public copy of our 990 and our annual audit report are available upon request. Please email info@glachicago.org and we will send the file(s) to you within 5 business days during the academic year. During school breaks, please allow for more time due to lower staffing levels.