In Pennsylvania and Ohio two management companies have been seeing declines, both from local school boards and from state governments. Imagine and White Hat are finding more people asking questions about charges and that the state of Ohio has begun to deny White Hat more schools.
It appears that the old "proof is in the pudding" concept is at work and that some are asking more questions than before, especially when schools aren't performing. This is as it should be. If these organizations were producing schools that were "knocking the ball out of the ballpark" (should I see how many old cliches I can get into this blog?), then there would be few complaints. The amount of money spent (assuming that it was within the normal state allocation of per pupil funding) would be worth it. The fact that many of these management companies do not ensure success in their schools shows that they may not be worth their fees.
I haven't seen recent statistics nationwide, but in Colorado, the best charter schools are all independently founded and run.
We'll see where this goes, but as states begin to figure out that a for profit management company does not ensure a good education and possibly not a good investment of public funds, they will surely create additional regulations for the use of state money and for profit management company transparency.