Ceo makes over 500k to run a charity? Ya sounds legit.
"What needs to be understood is that project expenses includes employee salaries. So although they list over 91.7% of funding goes towards program expenses and 3.7% towards admin expenses, one quarter of the 91.7% of program expenses are made up of the salaries of those individuals carrying out the projects. All charities report income in this manner. It is a recognized and accepted accounting practice.
Of the $406 million in program activity expenses listed on the most recent audited financial report, $66,992,000 was spent on salaries and $23,099,000 on employee fringe benefits. This information can be accessed from the Save the Children website at:
http://www.savethechildren.org/publi...ments-2008.pdf "
One of many examples you can find doing simple research.
My fav charity scam is the dropboxes for old clothing that goes to "the kids". When it reality it goes to fabric recyclers in texas, lmao