![]() ![]() Financial health: Charity Navigator weighs the financial information found on charities’ tax returns (IRS Form 990) against seven performance metrics to come up with a score (0 to 10) assessing solvency, efficiency, capacity and more.How it rates charities: Charity Navigator uses an overall score and star rating to rate charities. The site does a great job of rating large nonprofit organizations on how sustainable they are and for transparency.ĭoes it cost for donors to use Charity Navigator? No. That said, the site rates only charities that have generated at least $1 million in revenue for two consecutive years. Here’s an example CharityWatch uses on its site: “A Cost to Raise $100 of $20 means that the charity spent $20 on fundraising for each $100 of cash donations it received.” Charity NavigatorĬharity Navigator says it has rating information on 1.6 million nonprofits registered in the United States. Cost to Raise $100: This reflects how much it costs the charity to raise $100 in cash donations from the public in a given year.The remaining 20% was spent on overhead, which includes fundraising, and management & general.” Here’s an example CharityWatch uses on its site: “A Program % of 80% means that the charity spent 80% of its expenses on charitable programs. Program %: This is the percent of total expenses a charity spent on its programs in a given year.The grade is based on the following two criteria: How it rates charities: CharityWatch assigns a letter grade (A+ to F) to charities depending on their financial efficiency. CharityWatchĬharityWatch is a nonprofit organization that has made it its mission to inform the public of wasteful or unethical practices by charities.ĭoes it cost for donors to use CharityWatch? There’s a free version, but the site asks for an annual donation of $50 to get unlimited access to its services. also lets you file a complaint against a charity, read and write reviews, and get tips on giving. Blue question mark - “Unable to Verify”.On each report, you’ll see one of these symbols: How it rates charities: rates charities based on 20 standards including complaints, donor privacy, conflicts of interest and more. is the website for the Better Business Bureau’s Wise Giving Alliance, which not only provides information for prospective donors but also evaluates and accredits charities.ĭoes it cost for donors to use ? No The following charity watchdogs make it easy to research organizations online: To make sure your dollars will be spent well, it’s wise to learn as much as you can about the organization before you start writing checks. Research the Organization Before You Give Once you find a charity that matches your interests, it’s time to do your homework. You also might be surprised by what you can learn simply from talking to a neighbor. You can reach out to community organizations like local shelters and foster care agencies. There are several ways to find a nonprofit organization that you want to support. Here are a few of his favorites:Īfter you’ve narrowed your list down to a few or maybe even one cause, it’s time to find your charity. Money expert Clark Howard gives his time and money to several charities that he’s involved in. If you’re passionate about different causes like animals, veterans, the homeless, or something else, you’ll want to prioritize those kinds of organizations so that your money can make the biggest impact where you want it to. When it comes to giving, the well-known advice to “follow your heart” is quite appropriate. In this article, I’ll lead you through four steps to help you choose the best charities for your donations. Unfortunately, there are many charities that make it difficult to tell how much of your donation is going to the actual cause and what’s allocated to things like operating expenses or fundraising. How To Choose the Best Charities for Your Money In fact, it should be one of your biggest concerns. If you’re interested in charitable giving, an organization’s transparency should be important to you. One thing the best charities all have in common is that they make it easy for you to see where your contributions are going. But when it comes to donating money to a charitable organization, it’s worth your while to do your research before you pull out your wallet. Giving from the heart can be a satisfying feeling. ![]()
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