Submitted by Most-Star-7094 t3_yipnlv in personalfinance
7lexliv7 t1_iuju3b2 wrote
Charity Navigator is a good place to start.
spaceflower890 t1_iuk2ufk wrote
Just make sure you know what an organization lowering its overhead to stay below a few cents per dollar, often only screws over the young professionals and those with less experience in the industry. There are studies regarding the wage inequity of the sector.
itsdan159 t1_iuk3zwm wrote
This, I very much recommend Charity Navigator but also don't obsess over low administrative costs. I've worked with a couple nonprofits and the staff are almost all paid like crap and their enthusiasm to be helping people is absolutely exploited.
Likewise an executive making a $300k salary sounds like a huge a waste, but consider organizations the size of some larger well known nonprofits do actually require a lot of specialized knowledge and skill.
In principle you want to look more at how effective they are. Doesn't help to spent 99 cents of every dollar on aid if it doesn't actually do much good because the staff is paid crap and the executives have no idea what they're doing.
Scr0bD0b t1_iujuyr1 wrote
Charity Navigator, highly recommend.
It will provide financial scores and things like executive compensation, where available. Some real eye-openers there.
emptyhellebore t1_iujug44 wrote
I second this suggestion.
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