If you ever wanted to know where to NOT donate your dollars, the Tampa Bay Times has a pretty complete list, at least when it comes to charities in the United States.
A report from the paper, in collaboration with The Center for Investigative Reporting, rounds up the 50 worst charities, the ones that spend the least amount on the actual charity for each dollar raised.
Topping the list is Kids Wish Network, which spends less than three cents out of every dollar raised actually helping kids who are dying from cancer, according to the report.
Many of the top offenders pay for-profit solicitor companies millions to raise money, but then don’t give much of that money to the cause, says the report.
The reporters have also created a database of the worst offenders, for an easy way to search for where not to give your money.
The investigation raises the issue of just where your cash is going when you make a charitable donation, something that is also of concern to Canadians, who donated a combined $8.3 billion to charities in 2010. For a Canadian angle, Money Sense magazine has an annual guide of the top 100 Charities.
Friday, June 7, 2013