The paper found that:
• Charter schools that hired no company, as a group, performed the best academically; those managed by nonprofits showed the best student academic growth; and those managed by for-profits scored lowest in both categories.
• Of the 16 lowest performing networks, 14 were managed by for-profit companies.
• The online charter schools Electronic Classroom of Tomorrow and Ohio Virtual Academy, which account for a quarter of all charter enrollment, averaged the lowest student growth in the state.
• Of the 12 highest-performing charter school networks, eight hired nonprofit management organizations.
• $503 million of $920 million in public funding went to charter schools managed by for-profit companies. A little over half of the $920 million went to out-of-state companies.
• Out-of-state and for-profit companies enrolled 74,458 of the 119,271 Ohio charter school students.
• The 10 highest performing companies managed schools with above-average revenue, many propped up by private philanthropists who invest in successful academic models. Others got a boost from Cleveland voters, who approved additional local aid (about $1,000 more per pupil) for high-performing charter schools. A similar local levy failed in Columbus. The state offers no financial incentive for top-performers.
(Read more at the ABJ)