Financial Analysis of Charter School Performance

Okay, Zach, now we're here at Lionsgate Academy,

yet another charter

school,

and they have revenue reported, annual revenue

of thirty-three point four million dollars.

That's a lot of money,

and their expenses are thirty-three point six million

dollars.

How in the world do you spend thirty-three point

six million dollars? Well, maybe it's money well spent.

Maybe they're producing a lot of nuclear engineers and physicists and doctors.

Well, sadly, the math proficiency for this school

is sixteen to twenty-one percent, and reading is twenty-seven to

f-- to forty-nine percent, well below the state averages.

So

what is that money being used for? If these kids are not learning to read

and do

math, what is that money being used for?

What is their graduation rate? Twenty-three percent.

Thirty, thirty-four million dollars.

They can't read or write, and their graduation rate

is twenty-three percent.

Why does this school exist? What is-- how is it benefiting mankind?

What is it serving? It's just another charter school

that we have a

lot of questions about.

I think it is. I think it goes from corner to corner.

So then, folks, in answering the question where that

thirty-three or thirty-four million dollars a year goes,

you can see there's just a

beautiful facility here and a huge

covered parking area.

All right, so I did a little bit more research on

this, and here is the

academy, Lionsgate Academy. It is in Minnesota.

So for thirty-three plus million dollars, how

many students do you think this academy has?

Well, I looked it up, and it is going to shock you.

Just take a look right here. About one hundred and fifty

students attend Lionsgate Academy.

Well, you might be asking yourself next, how much of that is

taxpayer-funded or is it taxpayer-funded?

Well, here's the question. Is it taxpayer-funded? Yes.

Lionsgate Academy is a public charter school in

Minnesota. Well, how much of that thirty-three point four million

dollars is taxpayer-funded? Well, ninety-nine

percent. You are paying thirty-three million

dollars in taxes for a hundred and fifty students to go to

this school in Minnesota, and barely any of them graduate.

What in the world is going on in Minnesota?

It's hard to tell who's number one in fraud, California or Minnesota?