Sunday, February 27, 2011

Did You Know? How Well Does Your Favorite Charity Spend Your Money?

Every day, we receive requests to donate money to one cause after another. And while the causes are all worthy, can we trust the charity?

Charity Navigator evaluates charities to determine how effective the charity is at what it claims to do. The analysis is based in part on how the charities run their daily operations, what they spend “your” money on, and their financial strength to support future programs. Generally, the best managed charities spend most of their money on programs instead of administrative expenses.

Here are some interesting “Top Ten” lists from their website:

10 Highly Paid CEOs at Low-Rated Charities

10 Highly-Rated Charities with Low Paid CEOs

10 Charities in Deep Financial Trouble

10 Celebrity-Related Charities

10 Charities Overpaying their For-Profit Fundraisers

To ensure that your money actually supports the cause, use Charity Navigator to help you decide which charity will use your money best.

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