How much of the money that you donate to your favorite charity do you think actually goes to the causes the charity exists to serve? How much is gobbled up by administrative and fundraiser costs? The answers to both questions runs the gamut from the high 90s percent to the low single digits.
This is a great source to find those answers, as well as other information about them.
http://www.charitynavigator.org/
I’m happy to see that one of the favorite charities around the TR water cooler, Susan G. Komen for the Cure, is a four star organization (out of four possible stars), with a very high efficiency rating.
http://www.charitynavigator.org/index.cfm?bay=content.view&cpid=497
I’m sad to see, however, how many others are two, one, or no stars, with upwards of 95 percent of the monies raised going to administrative and fund raising costs. Those aren’t charities at all; they’re rip-off houses.
http://www.charitynavigator.org/index.cfm?bay=topten.detail&listid=28
I’m usually not one to recommend Web sites – except, of course, TechRepublic – but this one might be of interest to some of you.