Last year we donated more than 358 billion to charity. The overwhelming majority of american charities are responsible efficient and passionate about their missions.
Last year americans gave more than 389 billion to charity with individual donations versus corporate or foundation donations representing about three fourths of this total.
How much charity money actually goes to charity. While they are still well below the 33 percent benchmark they tend to spend more on fundraising than other highly rated charities in this category. Overhead costs include important investments charities make to improve their work. Approximately 85 percent of income donated to world vision goes to help stamp out poverty around the world.
Be wary if an organization is spending more than 25 on. It names charities we ve all heard of the american red cross goodwill unicef and more to claim the money we donate does not actually go to causes the charities are designed to support. See if the charity will direct your donation to where you want it to go.
To really help a charity just write a check watchdog bites back critics dispute claim that charities lose money on special events the rich charity charity begins but not here irs chief named new red cross president. Investments in training planning evaluation and internal systems as well as their efforts to raise money so they can operate their programs. They also met all of the 20 charity standards outlined by the better business bureau s wise giving alliance.
Charities that are a rated generally spend at least 75 percent or more on their programs so more of your money goes to causes you want to support says stephanie kalivas analyst at charitywatch. Giles says that the majority of organizations evaluated by charity navigator spend at least 75 of their funds on programs and services. You may have benefited from the cancer s society s volunteer driver program and want your donation to go directly there.
Of all of the donations that are given 93 percent goes directly to their efforts. In fact many charities should spend more on overhead.