Our Sources of Funding
Tuition and fees account for only 4 percent of our revenue. The majority comes to us through the generosity of individuals and family foundations.
- It is set at $1,400, but families pay an average of $350 per scholar, which is all they can afford.
- Our actual direct cost of educating each child is $12,500; adding SPC’s share of central office expenses brings our cost to $16,600.
- Most of our cafeteria revenue comes from state reimbursement.
- 62% of our scholars qualify for free or reduced-price lunch.
- A family of four qualifies for free meals if its annual income is less than $34,075, a level set by the federal government.
Large foundations and other organizations
- They contribute 40% of our revenue.
- This includes subsidies from the Catholic Services Appeal Foundation.
Individuals and family foundations
- We get 50% of our revenue from individuals.
- We offer school tours for donors and potential donors so they can better understand how our school works and meet scholars.