14. How are charter schools funded and is it a stable source of funding?

Charter schools are funded by the state and receive money based on student attendance. A specific charter school’s funding is as stable as the school’s enrollment. Charter schools may also solicit and receive contributions. To determine the funding situation of a charter school consider:

  • asking about daily enrollment figures
  • viewing budgets included in the charter
  • reviewing an audited financial statement (if an external audit has occurred)
  • getting a description of donations
  • viewing the most recent quarterly financial statement