The thing that really gets me is the salaries for some of the top officers in these charities. $500K/year seems to be the norm with many going upwards of double that.
This doesn’t seem to be isolated in charities, either. There are quite a few PACs out there where the principals take this much, PLUS consulting fees, elaborate travel pay, etc.
That’s why I carefully select my charities like the Rainbow Coalition.
One of the biggest rip offs here in the US is United Way. Of every dollar they take in nearly .90 cents goes towards self perpetuation.
The Bill, Hillary and Chelsea Clinton Foundation get an A+, while the National 4H Foundation and the PetSmart Foundation get an A. And so on.
Charities are a big business, and many colleges will provide degrees in “nonprofit” management.
Any idea how Wounded Worrier’s manages it’s money?
Go with Religion. Catholic Relief Svc (for instance) gets about 93% to the needy. The religious aren’t taking anywhere near as big a cut of the pie as ‘professionals’ do.
I long ago quit giving money to the mega collectors, my reason then was that all of them, no matter what they said they were doing, seemed to be passing money to the abortion industry. Since then my donations are personal. I have someone’s water bill when the husband is incapacitated for a while, for instance or for piano lessons for a talented kid who had no other way. Some of it is not money. I have helped a ghetto family get started homeschooling. None of it goes to pay CEOs and office staffs. My overhead is the 3 cents my check costs or the gas to get to the utilities department. United Way and the like are just another tax.
Salvation Army, USO. My two primary charities.
Never to United Way or Red Cross.
As Mark Belling likes to state, “There is allot of profit in non-profit.”
See United Way.
It’s worse here.