Twelve studies find that overall gains in charter schools are larger than other public schools; four find charter schools’ gains higher in certain significant categories of schools; six find comparable gains; and, four find that charter schools’ overall gains lagged behind traditional schools.
Source: Charter School Achievement: What We Know, July 2005 Update
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Download: 
http://wwwstatic.kern.org/gems/fcmat/OFYOFLcompletefinalreport890.pdf
This California state audit of Options for Youth and Opportunities for Learning, a chain of charter schools that serve approximately 15,000 students, finds widespread accounting problems and conflicts of interest. The audit, initiated in conjunction with superintendents of several county offices of education, found that due to noncompliance with state laws, the OFL/OFY schools over-claimed more than $57 million than the schools were entitled to in state funding over a period of three years (2002-05). The audit also revealed excessive compensation for the founders of the charter schools, mixing of businesses that are privately owned with public schools that are controlled by the same individuals, and instances of nepotism. The report recommends that the California Department of Education try to recover the overpayments.
Date: 2006
Source: California Department of Education
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