Charities or Criminal Enterprises

[icanthearyou 3,315]

Are these legitimate charities?

http://www.thestreet.com/story/12878005/1/you-wont-believe-the-overhead-costs-at-these-10-nonprofits.html?puc=yahoo&cm_ven=YAHOO

Are these people committing fraud? Should they lose their tax exempt status.

[TexasTiger 8,937]

Are these legitimate charities?

http://www.thestreet.com/story/12878005/1/you-wont-believe-the-overhead-costs-at-these-10-nonprofits.html?puc=yahoo&cm_ven=YAHOO

Are these people committing fraud? Should they lose their tax exempt status.

Don't know if it's technically fraud, but the laws on tax exempt charities needs to change.

[cooltigger21 0]

Are these legitimate charities?

http://www.thestreet.com/story/12878005/1/you-wont-believe-the-overhead-costs-at-these-10-nonprofits.html?puc=yahoo&cm_ven=YAHOO

Are these people committing fraud? Should they lose their tax exempt status.

I should think so. Really it is up to the people that are giving money to check out the organization to find out just how much goes to the stated purpose. Non profits have become a favorite for people to go work and make a fat check. Edited September 14, 2014 by cooltigger21

[cptau 124]

At best they are predators of people with giving hearts. They should be out of business.

[autigeremt 5,665]

Giving to political campaigns, in today's USA, is giving to Criminal Enterprises.

[cooltigger21 0]

Giving to political campaigns, in today's USA, is giving to Criminal Enterprises.

:)/>

very true. Sad but true

[TexasTiger 8,937]

Giving to political campaigns, in today's USA, is giving to Criminal Enterprises.

:)/>

But those contributions are not tax deductible.

[autigeremt 5,665]

Giving to political campaigns, in today's USA, is giving to Criminal Enterprises.

:)/>

But those contributions are not tax deductible.

LOL....so true.

[cooltigger21 0]

Get rid of the income tax and go to a consumption based tax to fund the government. That would help in getting rid of things like this. No need for applying for tax exempt status. It would help cut down on the corruption as there would be no favors to trade in the form of special tax breaks.

[Tigermike 2,354]

Are these legitimate charities?

http://www.thestreet...oo&cm_ven=YAHOO

Are these people committing fraud? Should they lose their tax exempt status.

Don't know if it's technically fraud, but the laws on tax exempt charities needs to change.

100% agree. Take a look at the American Cancer Society,

I want to point out some of the more nauseating facts about this billion dollar organization that should make everyone’s blood boil – especially those whom have somehow been touched by this insidious disease called cancer. The American Cancer Society in a nutshell:

• For every $1 spent on direct service, $6.40 is spent on compensation and overhead
  
• Only 16% or less of all money raised is spent on direct services to cancer victims
  
• Based on 2008 financial documents, the CEO, Donald Thomas, earned through compensation and benefits, $1,054,507
  
• ACS’ Deputy Chief Executive Officer also earned $1,057,507 through compensation and benefits
  

- The excessive salaries at the expense of cancer victims at the American Cancer Society do not stop there. Other wonderful salary expenditures include: $610,927 for the CEO of the South Atlantic Division of ACS; $573,589 for the CEO of the California Division of ACS; $561,140 for the CEO of the Great West Division of ACS; $535,494 for the CEO of the High Plains Division of ACS; $511,107 for the Deputy Chief Operating Officer of ACS; $456,691 for the Chief Operating Officer for the Mid South Division of ACS; $334,472 for the Interim Chief Mission Officer of ACS; $304,293 for the Chief Financial Officer of ACS; $565,397 for the Chief Operating Officer of ACS; $552,213 for the CEO of the Great West Division; $522,090 for the CEO of the South Atlantic Division of ACS; $425,151 for the National Vice President of Division Services of ACS; $381,588 for another National Vice President of Division Services of ACS; $365,295 for the President of the American Cancer Society Foundation and $333,157 for the National Vice President of Research for ACS

- The above list barely scratches the surface of a clear mission to pad the pockets of this organization’s management and other “friends” rather than treatment and prevention of cancer. In fact, a more detailed analysis of how the American Cancer Society spends the revenue it gets from hard working citizens of our state and country is as follows:

• • ACS spends over 400 MILLION DOLLARS ON SALARIES per year
  
• • ACS spends over 88 MILLION DOLLARS ON EMPLOYEE BENEFITS per year
  
• • ACS spends over 60 MILLION DOLLARS ON PROFESSIONAL FEES per year
  
• • ACS spends over 17 MILLION DOLLARS ON TELEPHONE CALLS per year
  
• • ACS spends over 45 MILLION DOLLARS ON RENTING OFFICE SPACE per year
  
• • ACS spends over 19 MILLION DOLLARS ON MEETINGS AND CONFERENCES per year
  
• • ACS spends over 29 MILLION DOLLARS ON TRAVEL EXPENSES per year
  
• • ACS spends over 14 MILLION DOLLARS ON “MISCELLANEOUS” EXPENSES per year, whatever that means…
  

link

What Percentage of Donations Go to Charity

link

Use Charity Navigator to see how charities use their money.

Charity Navigator

[icanthearyou 3,315]

Are these legitimate charities?

http://www.thestreet...oo&cm_ven=YAHOO

Are these people committing fraud? Should they lose their tax exempt status.

Don't know if it's technically fraud, but the laws on tax exempt charities needs to change.

100% agree. Take a look at the American Cancer Society,

I want to point out some of the more nauseating facts about this billion dollar organization that should make everyone’s blood boil – especially those whom have somehow been touched by this insidious disease called cancer. The American Cancer Society in a nutshell:

• For every $1 spent on direct service, $6.40 is spent on compensation and overhead
  
• Only 16% or less of all money raised is spent on direct services to cancer victims
  
• Based on 2008 financial documents, the CEO, Donald Thomas, earned through compensation and benefits, $1,054,507
  
• ACS’ Deputy Chief Executive Officer also earned $1,057,507 through compensation and benefits
  

- The excessive salaries at the expense of cancer victims at the American Cancer Society do not stop there. Other wonderful salary expenditures include: $610,927 for the CEO of the South Atlantic Division of ACS; $573,589 for the CEO of the California Division of ACS; $561,140 for the CEO of the Great West Division of ACS; $535,494 for the CEO of the High Plains Division of ACS; $511,107 for the Deputy Chief Operating Officer of ACS; $456,691 for the Chief Operating Officer for the Mid South Division of ACS; $334,472 for the Interim Chief Mission Officer of ACS; $304,293 for the Chief Financial Officer of ACS; $565,397 for the Chief Operating Officer of ACS; $552,213 for the CEO of the Great West Division; $522,090 for the CEO of the South Atlantic Division of ACS; $425,151 for the National Vice President of Division Services of ACS; $381,588 for another National Vice President of Division Services of ACS; $365,295 for the President of the American Cancer Society Foundation and $333,157 for the National Vice President of Research for ACS

- The above list barely scratches the surface of a clear mission to pad the pockets of this organization’s management and other “friends” rather than treatment and prevention of cancer. In fact, a more detailed analysis of how the American Cancer Society spends the revenue it gets from hard working citizens of our state and country is as follows:

• • ACS spends over 400 MILLION DOLLARS ON SALARIES per year
  
• • ACS spends over 88 MILLION DOLLARS ON EMPLOYEE BENEFITS per year
  
• • ACS spends over 60 MILLION DOLLARS ON PROFESSIONAL FEES per year
  
• • ACS spends over 17 MILLION DOLLARS ON TELEPHONE CALLS per year
  
• • ACS spends over 45 MILLION DOLLARS ON RENTING OFFICE SPACE per year
  
• • ACS spends over 19 MILLION DOLLARS ON MEETINGS AND CONFERENCES per year
  
• • ACS spends over 29 MILLION DOLLARS ON TRAVEL EXPENSES per year
  
• • ACS spends over 14 MILLION DOLLARS ON “MISCELLANEOUS” EXPENSES per year, whatever that means…
  

link

What Percentage of Donations Go to Charity

link

Use Charity Navigator to see how charities use their money.

Charity Navigator

Thank you for posting TM. Having researched this more, the ten listed in the OP are just the worst of many. It is shocking how many very prominent charities have overhead expenses that are 75% or more of their total revenue.

[cooltigger21 0]

People need to look at any charity they are considering donating to and find these things out. It's not that difficult if people will just take a little time and put forth some effort to be informed.

[Tigermike 2,354]

TOP 25 COMPENSATION PACKAGES

This table was published in the Winter 2013 issue of the Charity Rating Guide & Watchdog Report.

link