Our fiscal year starts on July 1 and ends on June 30 of the following year. Our total budget in FY23 is approximately $243M.
The pie chart below breaks down the various sources of our revenue. We are approximately 94% publicly funded via city/state/federal funding, mostly based on per-pupil formulas, as well as our student poverty index. About 2% of our funds are privately raised; we receive minimally significant amounts from student fees and other sources:
The pie chart below breaks down how we spent our funds in FY22.
Program personnel costs are 57% of total expenses.
Program non-personnel costs at 29% include direct students costs, office administration costs and occupancy costs for all schools.
Management and Fundraising at 11% includes Finance, Human Resources, and other central office costs.
EnsuringPositive and Equitable School Experiences for Noble Students Across Chicago