School Budget At A Glance

This report is designed to provide a timely, simple and meaningful view of each school’s budget. It contains summarized data that highlights the most important aspects of a school’s budget. Making school budgets available to the public in this format creates transparency. To print this report, use landscape mode.

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School Budget at a Glance School Year 2025-26

P.S. 503: The School of Discovery (20K503)

Grades: K-5 | Enrollment: 512
Funding for This SchoolView DetailsTotal Including
Employee Benefits		% of
Total		Graph
Color
Fair Student Funding (FSF) - Includes some C4E$9,534,22851%School Funding Legend Item Color
All Other State and Local Funding$6,184,12433%School Funding Legend Item Color
State Contracts for Excellence (C4E) - Non-FSF$1,624,5649%School Funding Legend Item Color
Federal Title I$886,5275%School Funding Legend Item Color
All Other Federal Funding$606,2693%School Funding Legend Item Color
Total School Funding:$18,835,712
School Funding per student:$36,788
School Funding plus Average
Central Services per student:		$50,975
Average Central Services*
for schools in Districts 01-32 per student:		$14,187

*Central services, funded outside school budgets, include food services, facilities maintenance and debt payments on new facility construction, lease costs, school safety, school transportation, summer school, and central and field administration. Central and field administration make up approximately six percent of total central services.
20K503 School Funding Pie Graph 51% 33% 9% 5% 3%
Spending for This SchoolTotal Including
Employee Benefits		% of
Total		Graph
Color
Classroom Teacher Salaries$7,481,35740%School Spending Legend Item Color
All Other Salaries$4,598,98224%School Spending Legend Item Color
Employee Benefits$6,366,13734%School Spending Legend Item Color
Other Than Personal Service (OTPS)$389,2362%School Spending Legend Item Color
Total School Spending:$18,835,712
20K503 School Spending Pie Graph 40% 24% 34% 2%

$36,788

Funds allocated per student for this school

That amounts to 54% more than the NYC Public Schools' AVERAGE ($23,908) school year funding per K-12 student in Districts 1-32

Demographics†Students
in this
school		Citywide
Economic Need Index92%74%
English Language Learners59%17%
Students with Disabilities32%22%
% Asian15%19%
% Black0%19%
% Hispanic76%42%
% Multi-Racial1%2%
% Native American1%1%
% White8%16%
% Missing Race/Ethnicity Data0%0%

†Student demographic data is from School Year 2024-25.

School Budget at a Glance snapshot as of August 12, 2025

Funding for Pre-Kindergarten is not included.

Total School Funding: $18,835,712

Fair Student Funding (FSF) - Includes some C4E

All Other State and Local

State Contracts for Excellence (C4E) - Non-FSF

Federal Title I

All Other Federal

^Allocation Categories that do not start with "TL" and that fund staff also fund their employee benefits. Benefits for other staff, which are managed centrally, are in rows labeled "School-based costs not included in direct-to-school allocations." These rows also include central funding for Bard, Community, and Early College schools as well as the non-formula changes to Fair Student Funding.

Calculations may have minor discrepancies due to rounding.
Department of Education, Division of Finance, School Based Expenditure Reports, Site Footing Navigation
Department of Education
Division of Finance
52 Chambers Street, New York, NY, 10007