The key thing not mentioned so far in this thread is that most of the children to be sent to college are quite young now. FA has to build up assets now to pay for college later.
So a better way than percentage spent to evaluate this type of charity might be total assets and percentage of assets spend on fund raising.
good point. grading them on funds not spent every year (40%) range doesn’t make sense of the target group hasn’t aged yet. kind of like a college fund that some parents start when their kid is born.
i’m sure that they can cut some expenses.