btw...a few freepers have actually donated to my not-for-profit...want to kick in?
I hate to burst your bubble folks but Charity Navigator gives Freedom Alliance 4 out of 4 stars.
http://www.charitynavigator.org/index.cfm?bay=search.summary&orgid=6590
Program Expenses 81.5% (amount that goes to the actual charity – higher is better)
Administrative Expenses 4.8% (overhead – lower is better)
Fundraising Expenses 13.5% (overhead – lower is better)
Fundraising Efficiency $0.09 (amount the charity spends to raise $1 – lower is better)
I sure hope Debbie has the good grace to explain to us why her analysis is 180% different from this.
What is clear wtc911 is that you do not know enough about accounting principles to understand that you cannot discern what you are trying to with the statements you are looking at.
You also seem to have some resistance to getting to the facts as you fail to mention going to the Charity Navigator site and see what independent rating experts say...you will be impressed and maybe your org is on there or you can present it to them. Will help with your fundraising.
I helped set up a 501(c)3 (economic development), but you are right that I have never been involved with that kind of org tax filings. But, I have been intimately involved with my own which are some years several inches thick...and I understand what a tax statement filing compared to a cash flow statement is. You cannot discern what you are trying to discern with any clarity from a tax statement. That is why Schlussel is using them and not mentioning the fact that there are other programs Freedom Alliance does that has nothing to do with grant scholarships, in fact...some have to do with mailing expenses (shipping care packages to service men and women abroad), and travel (sending families of wounded military overseas to visit them). Over 80% of their money goes into their programs...that is efficient!
What is your “not-for-profit” about?