Over the past decade-plus, charter-school advocates have raised concerns about purported funding disparities between charter schools and district public schools. This new report from Bellwether uses tabulations of funding across charter and public schools to describe the size of the funding disparities in the District of Columbia (DC) from 2022 to 2025. The report finds that the district's public schools are more generously funded--that they have access to additional funding streams, receive extra pandemic funding, have more capital funding, and pay teachers much higher salaries. Although the report's tabulations are valid, it fails to prove that charter schools are underfunded or that they should, in fact, be funded at parity with public schools. Schools in these two sectors are responsible for providing different services and serving different students, and they often receive resources from different sources. The report neither applies a valid method of comparison nor acknowledges these different responsibilities. Indeed, it provides no way to determine if DC charter schools are funded at the "right level" or what that level should be. As a result, it is of limited use to policymakers--except perhaps within the district as an introductory or preliminary study.