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>The vast majority of charter schools are non-profit. According to this article [1], schools can technically be registered as a non-profit, but contract out da
by learc83 8y ago
>The vast majority of charter schools are non-profit.
According to this article [1], schools can technically be registered as a non-profit, but contract out day to day operations to a for-profit management company owned by the same people who run the non-profit.
This setup allows the school to take in tax free donations, but it means that from a profit motive standpoint it's identical to a for-profit school.
I have no idea how common this is, but it does mean that it's not quite as simple as saying that the vast majority are non-profit.
1. https://ourfuture.org/20170615/are-nonprofit-charter-schools-a-distinction-without-a-difference https://ourfuture.org/20170615/are-nonprofit-charter-schools...