Charter Schools

1.MARKET OVERVIEW

Introduction

Charter Schools: A Boon for the Society

Serve the Disadvantaged Children and Remain Unnoticed

Relying on ‘No Excuse’ Approach

Extended Instructional Time

Table 1: Proportion of Charter Schools with or without Extended Instructional Time

Targets the At-Risk and Dropout Students

Table 2: Proportion of Target Student Population for Charter Schools

High Teacher-Administrator Ratio

Ensure Better Performance

Smaller Size Ensure Greater Efficiency

Specialized Educational Programs

Charter Schools with Political Support

Perform Better

2.SECTOR OVERVIEW

Charter Schools: A Primer

Challenges Faced While Establishing a Chartered School

Aim of a State While Framing the Charter Law

Organization and Structure of Charter

Schools in the US

Charter School Facilities

Table 3: Proportion of Charter Schools Facilities by Acquisition Mode

Table 4: Ownership of Major Rented

Charter School Facilities

Features of Charter Schools

Charter Authorizing Institutions

Role of Higher Educational Institutions

Organizing Principles for Charters

Evaluation

Private Management Companies in Public

Education System

Contract Schools

For Profit Charter Schools

What’s In It for the Operating Company?

For-Profit Contract School Models

Management Fee Model

Profit and loss model

Selecting Between the Management Fee

and Profit and loss Model

Charter Schools and Company-Run Charter

Schools - A Comparison

Virtual Charter Schools in the US

Evolution of Cyber Charter Schools

Growth Drivers

K12: A Leading Player in Virtual Charters

How it Works?

US Charter Authorizers

Alternative Charter Authorizers

Table 5: Total Number of Active Alternative Charter Authorizers in 14 US States, as of 2006

Table 6: List of Independent State Charter Boards, as of 2006

Table 7: List of Municipal Office Charter Authorizers in the US, as of 2006

States that Support Charter Schools have

Multiple Authorizers

Table 8: Charter Approvals for the Years 2006 & 2007 - Percentage Share by Authorizing Body - Local School Boards, State Boards of Education, State Chartering Boards, Universities/ Colleges, Mayor/City, and Others (nonprofits)

Education Service Providers

Education Management Organizations

Virtual School Management Organizations

Comprehensive School Design

Management Organizations

3.STRATEGIC CORPORATE DEVELOPMENTS

A REGIONAL MARKET PERSPECTIVE

1.THE UNITED STATES

Rationale Behind the Formation of Charter Schools

Ground Facts

The ‘No Child Left Behind’ Act To Ensure

Accountability

A Peek Into History

The Set Back

Table 9: Major Reasons for Closure of Charter Schools Since 1992

…And the Remedial Measures

Charter Schools - Present Scenario

Table 10: Charter Schools in the US: Total Number of Charter Schools, and Charter School Student Enrollments for the

Academic Year 2007-08 and 2008-09

Table 11: Charter School Enrollments in Academic Years From 1999-2000 to 2008-09

Table 12: Number of Charter Schools in Academic Years From 1999-2000 to 2008-09

Table 13: Updates on Charter Schools During Academic Years 2006-07 and 2007-08

Inadequate Charter Approvals Contribute to Growing Waiting Lists

Table 14: Enrollment and Waiting

List Status in Charter Schools

in 2006 and 2007

State-Level Scenario

Table 15: Ranks of States in Terms of

Number of Charter School Enrollments

in the Academic Year 2007-08

Community Level Scenario

Table 16: Top Ten Communities with

High Proportion of Charter School

Students as of 2008

Growth in Terms of Geographic Presence

Table 17: Growth of Charter Schools in

Terms of Number of States Implementing Charter School Laws

Year of Establishment of Charter

Legislation (State-wise)

The States Yet to Pass Charter School

Law as of 2009

Sources of Finance

Federal Grants Through the U.S. Department of Education (DE)

Credit Enhancement for Charter School

Facilities Program

Community Development Financial

Institutions

Table 18: Volume of CDFI Loans (in US$ Million) Delivered to Charter Schools for the Period 2000 through 2006

State Charter School Facilities

Incentive Grants

Charter Schools Program

Per pupil allocation from state tax dollars

District Funding

Private Investments

Select Private Non-profit Finance

Providers in the US

Charter School Spending Pattern

Administration Spending

Table 19: Average Per-Pupil Administration Expenditures in US Dollars in Select States - Minnesota, Florida, Connecticut, North Carolina, Michigan, Arizona, Texas, and Colorado

Instructional Spending

Table 20: Average Per-Pupil Instructional Expenditures in US Dollars in Select States - Connecticut, Minnesota, Pennsylvania, Michigan, Florida, North Carolina, Colorado, Texas, and Financial Impediments for Special Education

Table 21: Charter Schools in the US (2001-02): Percentage Share of Students with Special Needs in Select States - Florida, Massachusetts, Connecticut, North Carolina, Minnesota, Michigan, Pennsylvania, District of Columbia, Texas, California, Arizona, and Colorado

Top Charter Schools By Performance

List of Top Ranking Charter High Schools

in the US in 2008

Key Studies and Findings

Challenges for the Charter Schools

Facility and Start-up Funding Remain a Major Challenge

Limited Operational Funds

Other Challenges

Criticism For Charter Schools

Fragile Commitment for Accountability

For-Profit Charter Schools

High Staff Turnover Impacts Quality of

Education

Discrimination and Segregation

US Charter Schools - State-wise Analysis

Arizona

Overview

California

Overview

Charter Launch

Table 22: California State Charter Schools (2008): Percentage Share of Charters Closed by Category - Finance, Mismanagement, District, Facilities, Academic, and Others

Colorado

Overview

Charter School Institute

District of Columbia

Overview

Florida

Overview

Table 23: Performance of Graded Charter Schools in Florida for the year 2008

Table 24: Enrollments to Charter Schools in Florida From Academic Year 2005-06 to 2008-09

Table 25: Number of Charter Schools in Florida From Academic Year 2005-06 to 2008-09

Table 26: Florida State Charter Schools (2008-09): Proportion of Students in Charter Schools by Ethnicity - Asians, Non-Hispanic Whites, Non-Hispanic Blacks, Hispanics, Native Americans,and Others (Multiracial)

Table 27: Florida State Charter Schools (2008): Percentage Share of Charters

Closed by Category - Finance, Academic, Mismanagement, Facilities, District, and Others

Idaho

Overview

Illinois

Overview

Table 28: Illinois State Charter Schools (2007-08): Percent Share of Charter School Students by Ethnicity - White, Hispanic, Black, Asian Pacific, Native American, and Other/Multiracial

Table 29: Number of Charter School Students in Illinois From Academic Year 2004-05 to 2007-08

Table 30: Illinois State Charter Schools (2008): Percentage Share of Charters

Closed by Category -Finance, District, Mismanagement, and Academic

Indiana

Overview

Charter Authorization Scenario

Michigan

Overview

Table 31: Michigan State Charter Schools (2008): Percentage Share of Charters Closed by Category - Finance, Mismanagement, Academic, Facility, and District

Minnesota

Overview

Students Migrate from Public Schools

to Charter Schools

Table 32: Minnesota State Charter Schools (2008): Percentage Share of Charters Closed by Category - Finance, Mismanagement, Academic, and Facility

New Hampshire

Overview

Educational Funding Legislature Restricts

Growth of charted Schools

New York

Overview

Failure of For-profit Educational

Management Organizations

North Carolina

Overview

Charter Schools Draw Demand Amid

Speculations on Performance

Table 33: North Carolina State Charter Schools (2008): Percentage Share of Charters Closed by Category - Facility, Finance, and Mismanagement

Ohio

Overview

Table 34: Number of Charter Schools and Charter School Students From 1998 to 2006

Charter Schools Grow Behind Iron Curtains

The Accountability issue

Funding Mechanism

Table 35: Charter Schools in Ohio (2007-08): Average Per Pupil Revenue in Select School Systems by City - Akron, Canton, Cincinnati, Cleveland, Columbus, Dayton, Toledo,and Youngstown

Table 36: Ohio State Charter Schools (2008): Percentage Share of Closed Charter Schools by Category - Finance, Mismanagement, Academic, District, Facility, and Others

Pennsylvania

Overview

Cyber Charter Schools in Pennsylvania

Tennessee

Overview

Recent Efforts to Facilitate Growth

of Charter Schools

Texas

Overview

Table 37: Texas State Charter Schools (2006-07): Percentage Share of Minority Students by Ethnicity - Hispanic, African American, Caucasian, and Others

Charter School Types

Open Enrollment Charters

District Charters

University Charters

Home-Rule School District Charters

Table 38: Texas State Charter Schools (2007-08): Student Enrollments in Open Enrollment Charters, District Charters, University Charters, and Home-

Rule School District Charters

Waiting Lists Emphasize the Popularity of Charter Schools

Table 39: Texas State Charter Schools (2007-08): Student Enrollments and

Waiting Lists by Select Region - Austin, Corpus Christi, Dallas/ Fort Worth,

El Paso, Houston, Rio Grande Valley,

and San Antonio

Table 40: Texas State Charter Schools (2008): Percentage Share of Closed Charter Schools by Category -Academic, Mismanagement, Finance, Facility, and Others

Charter Schools Operating Outside the US

2.CANADA

Overview

3.CHILE

Overview

4.ISRAEL

Parental Choice of Schools

Charter Schools: A Viable Solution

5.NEW ZEALAND

Overview

6.THE UNITED KINGDOM

Overview

GLOBAL DIRECTORY