The Tampa Bay Times and the Center for Investigative Reporting (CIR) partnered with CNN in a yearlong investigation to evaluate America’s charities and created a list of the 50 worst As criteria, investigators used the percentage of funds charities spend on direct cash aid, compared to the percentage they pay solicitors; the worst 50 charities contribute less than four percent to cash aid The IRS system of granting organizations “charitable” status (and therefore tax exemption) is flawed from the beginning; more than 99.8 percent of applicants are approved when they simply fill out a form Many nonprofits are less charitable than for-profits, paying six-figure salaries to their CEOs while contributing relatively nothing to their supposed cause, so are simply exploiting the tax exemption Tips are given for how to handle solicitation calls and avoid being scammed; resources are provided for researching the best charities
Posted on: Thu, 08 Aug 2013 15:52:44 +0000
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