Didn't want to post this directly in the other thread, because that would be totally inappropriate, but I curious what other people thought, or if they typically do any research about charitable organizations before they donate.
Neil just posted a thread about a cool week long bike ride he is doing for a charitable organization called Pablove Foundation, which contributes to research for childrens cancer. This is to take absolutely nothing away from Neil and what he is doing, or his intentions, but personally, I am very cautious before donating to organizations which I have never heard of, and prefer to do some research.
Having not heard of Pablove Foundation, I checked the BBB, nothing there. I then went to their website and after some looking found a link to their 2011 990 (Non-profit tax return filing) (2012 is technically not due until 9/15/13, so I wasn't too surprised it was not available). While this organization isn't bad compared to a lot of others around there, they have gross receipts of just over 1,000,000, half of which is from fundraising events, the other half from general contributions. With 1,000,000 in gross receipts, they had about 600,000 in expenses. In a perfect world, 1,000,000 would be given out for various cancer research, as their mission states, but even in a semi-perfect world, most of the 600,000 in expense would be expected to go to that goal. Unfortunately, only $230,000 of the 1,000,000 raised/received went out directly for cancer research, while there was over $260,000 in payroll and payroll related expenses. The remainind expenses were for rent, supplies, fundraising and some seminars to raise awareness for the cause.
Simply looking at this, this is not an organization that I would personally donate to. The cause is question is a great cause, but with only 25% of all donations being purposed for the so-called mission of the charity, the money could be better used elsewhere. For full disclosure, the charity was founded in 2008, so it likely still in it's infancy and is still trying to grow, which tends to hurt its ability to donate as intended.
Just curious what other's thoughts are on this topic in general? (like I said, not really attempting to bash this charity, or Neil's efforts, it just hit a trigger point in my mind). Being an auditor, and having audited a number of non-profit organizations over the years, I have seen how well, and how poorly, these organizations can run, and I am always looking organizations which give the most bang for the buck.
"Trust your homies on the net", Clark Smith.
R.I.P. Inkycatz - Feb. 2013