These are the worst, but even some of the most widely known charities do not perform well. They eat up a good portion of their donations with administrative costs and six-figure salaries for upper management. Forbes magazine has been investigating this issue for years (forbes/top-charities/list/#page:1_sort:5_direction:desc_search:_filter:All%20categories). For example, the American Cancer Society and the American Diabetes Association only apply about 70% of their expenditures to actual charitable activities. Where does your favorite charity compare?
Posted on: Thu, 13 Jun 2013 17:37:04 +0000
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