When Charter Schools Are Nonprofit in Name Only
Marian Wang,
ProPublica,
Dec 10, 2014
So the way to be a non-profit charter school is tio accept government money and then turn around and hire management services from companies that actually do make a profit. "In the charter-school sector, this arrangement is known as a 'sweeps' contract because nearly all of a school's public dollars – anywhere from 95 to 100 percent – is 'swept' into a charter-management company."
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