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The purpose of this exploratory mixed-methods study was to define innovation reporting levels in charter schools in Miami-Dade and Sarasota Counties in Florida and to determine what relationship exists between this innovation reporting and student achievement (as measured by Florida school grades) in Title I and high minority student population charter schools. A qualitative analysis of School Improvement Plans and school websites resulted in a 62 charter school sample for which descriptive statistics were utilized to define student achievement (Florida school grades 2010-2013). The results demonstrated that innovation saturation exists in Title I schools and high minority student population schools (≥50%). Thus, there is no value added to student achievement (school grade averages) by reported innovation beyond a moderate level.