With the holidays almost upon us, the emails
about charities and how much does or does not
go to the cause will be sent.
You know, the ones that say the CEO of UNICEF
gets $1,200,000 per year plus use of a Rolls
Royce while only 14 cents of every dollar
donated goes to the cause.
And to donate to charities like the Salvation
Army because their Commissioner only makes
$13,000 per year while 96% of donated money
goes to the cause.
Let’s look at these and others using the IRS
efficiency method. This refers to the
percentage of the total budget/expenses that
a non-profit spends on providing charitable
programs or services.
American Red Cross:
the email said 39% of income goes to goods or
services, yet the IRS efficiency rating is
the email states the American Legion
Commander receives no salary, while the IRS
gives the group a 55% efficiency rating.
March of Dimes:
the email claims only a dime out of every
dollar goes towards goods or services, but
the IRS gives them a 64.6% efficiency rating.
St. Jude Children’s Research Hospital:
the email claims 100% of donations goes to
their cause, the IRS gives them an efficiency
rating of 70.3%
And the charity that got the lowest rating?
Hold on to your hat, it was the Vietnam
Veterans of America with an efficiency rating
You can check these, and more, here.
So our advice would be to ignore the email
ratings, disregard the IRS rating, and give
to the charity that you believe in.
Comments are always welcome.