Our School Finances

Fiscal Scorecard
Each year, Chicago Public Schools rates all charter and contract schools on several key financial health metrics. Our school’s most recent available scorecards are linked below.

Annual Budget
ChiArts’ fiscal year starts on July 1 and ends on June 30 of the following year. Our last fiscal year was FY23, which ended on June 30, 2023.

Sources of Funding
The pie chart below breaks down the various sources of our revenue.

About 78% of our funding comes from public sources, which includes city, state, and federal funds. These funds are mostly determined by the number of students we have and our student poverty index. This public funding covers ChiArts’ standard academic programs. The ChiArts Foundation, our philanthropic partner, raises money through fundraising and special events. This accounts for 20% of our school’s budget and supports ChiArts’ pre-professional arts programs. We also receive a small portion of our funding from student fees and other miscellaneous sources.

FY23 Expenses
The pie chart below breaks down how we spent our funds in FY23. 

  • The Chicago High School for the Arts (ChiArts) FY23 Expenses – Pie Chart
    • “Direct Student Costs” include curriculum, classroom supplies, educational materials, enrichment opportunities, special events (graduation, prom, etc.), student incentives, and student food for events or performances, among others. 
    • “Personnel Costs” are salaries, benefits, payroll taxes, etc. – all costs associated with the teachers, administrators, and support staff for the school.
    • “Occupancy Costs” are the funds it takes to rent and maintain our school building. 
    • “Supplies/Office/Technology” expenses include office equipment and supplies, printers and copy machines, telecommunications, technology, and other expenses needed to run school offices and enable staff to do their jobs.
    • Other expenses include bank fees, dues, and subscriptions.

Public copies of our 990 and annual audit report are available upon request. Please email humanresources@chiarts.org, and we will send the file(s) to you within five business days.