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://www.usc.edu/dept/education/cegov/CSI_USC.pdf
This new report from the Center on Educational Governance at USC draws on a quantitative database of multiple measures of California charter school, staff, and performance. It examines both financial resources and academic achievement as overall measures of progress. The data show that while California charter schools may rank lower on the API and AYP, their rates of improvement (as measured by the Academic Momentum Index) are more rapid than non-charter public schools. In measuring productivity, the researchers find that the state's charter schools typically have smaller per-student allocations than non-charters in their districts, yet charter schools have roughly equivalent levels of productivity: in essence, they get "more bang for their buck." The study also finds that charter schools are financially challenged; they are unable to build up large reserves and spend a significant portion of their budget on rent for facilities.
Date: 2007
Source: University of Southern California
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