Financial Transparency

Financial Transparency

At Belmont Charter Network, we are committed to responsible stewardship of public and private resources. As a family of community schools serving West Philadelphia, we believe transparency strengthens trust with our students, families, staff, partners, and the broader community.

Our financial practices reflect strong internal controls, independent oversight, and compliance with state and federal requirements. We invite our community to review the documents below to better understand how resources are managed in support of student success.

Audited Financial Statements

Belmont Charter Network and its schools undergo annual independent financial audits conducted by certified public accounting firms in accordance with generally accepted auditing standards.

Belmont Charter School

• FY2024 Audited Financial Statements (PDF)
• FY2023 Audited Financial Statements (PDF)
• FY2022 Audited Financial Statements (PDF)

Inquiry Charter School

• FY2024 Audited Financial Statements (PDF)
• FY2023 Audited Financial Statements (PDF)
• FY2022 Audited Financial Statements (PDF)

Community Education Alliance of West Philadelphia

• FY2024 Audited Financial Statements (PDF)

These reports provide a comprehensive overview of revenues, expenditures, assets, liabilities, and internal financial controls.  The audit committee met on June 27, 2025, to review the 2024 Audit.

IRS Form 990

For affiliated nonprofit entities operating within the Belmont Charter Network structure, IRS Form 990 filings are available below. Form 990 provides detailed information regarding organizational governance, revenue sources, program expenses, and executive compensation, as required by federal law.

Community Education Alliance of West Philadelphia

• FY2023 Form 990 (PDF)
• FY2022 Form 990 (PDF)
• FY2021 Form 990 (PDF)

Belmont Charter School

• FY2023 Form 990 (PDF)
• FY2022 Form 990 (PDF)
• FY2021 Form 990 (PDF)

Inquiry Charter School

• FY2023 Form 990 (PDF)
• FY2022 Form 990 (PDF)
• FY2021 Form 990 (PDF)

Funding Overview

Belmont Charter Network is supported through a combination of:

• State and local public education funding
• Federal education grants
• Educational Improvement Tax Credit (EITC) contributions
• Competitive foundation grants
• Community and philanthropic partnerships

All funds are allocated to advance our mission of delivering high-quality, whole-child education grounded in strong academics, integrated student supports, and meaningful community engagement.