smart boratt brother
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That depends on the company. Non profit does not mean they don't use some (or most) of it for internal expenses and operation. Unscrupulous ones raise a ton of cash and pay their executives outrageous salaries. Perfectly legal, but morally bankrupt. Stick with well known ones who will give you a complete financial statement showing where the money goes. |
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Querious
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Some have good reputations, like the red cross. Some have bad reputations like the United Way, which seems to rely on partnerships with large corporations to coerce employees into giving large donations, but doesn't have a very good record of actual charity work. Other once-beneficial organizations, like Unicef, have been captured by political interests and changed their program from something helpful to something a lot of people may object to.
Large organizations of many types are at risk of being captured by other interests which want to make use of their resources to shape society in ways that the common people would disapprove of. |
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digitalchinky
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Yes, they do help. Often more than most people will ever know, but the good ones are few and far between.
In the Philippines there are 250,000 registered NGO's, of all of these only about 25,000 are currently active, and out of those 25,000, it has been estimated that less than a thousand are completely honest and transparent about what they do.
Some are openly very corrupt, though that's not the only problem. For every good NGO there is always a constant stream of scammers and con-artists who will try anything and everything to get the NGO to part with their hard earned donations. Sadly a lot are quite successful at this too.
Another major issue is that people expect every cent they donate to go directly to the beneficiaries. They forget that an NGO has to be competitive to get the right people doing the right jobs. Someone above me mentioned outrageous salaries, though the truth is there is no way to attract someone at a director or executive level unless your wages are competitive with the rest of the industry. The wrong person in an NGO is the same as the wrong person in any job.
Staff wages will almost always be the biggest money drain on an NGO. It's unavoidable. |
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financialpeas
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Charitable organizations? Yes, there are a lot of good people doing a lot of great works around the world! I am involved in and/or support some great charitable organizations, such as Kiva.org, Oklahome Blood Institute, and Canine Companions for Independence. That's my three ... and when others come calling I just tell them I have my three and any money that would go to them would be money that would not get to my three. |
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Scott K
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some do, some don't. without the help of non-profits many more would suffer from poverty and disease. Maybe some are more questionable but for the most part, non-profits make the world a better place. |
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broccoli brain
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Not for profits are not all created equal.....they are not all designed to help people. I wonder if you could be more specific with your question. Let's consider the companies in the United Way; they do help a lot of people. |
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SheldonC
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Whether a nonprofit corporation helps people is something that has to be looked into on a case by case basis.
Generally, a nonprofit is an organization, usually a corporation or trust, formed not for private gain but for public or mutual benefit purposes. These organizations are exempt from taxes.
Contributions to public benefit organizations (called 501(c)(3) organizations) are usually tax deductible for donors.
Ideally, they are not profit motivated, therefore not driven by commercial or market pressure, but are free to do what they consider is something the general populace would benefit from.
Examples of well-known nonprofit organizations would be the Public Broadcasting System (creators of Sesame Street), the Red Cross, the American Cancer Society, Feed the Children, UNICEF or the Make a Wish Foundation.
If you are unsure of the status of the nonprofit you wish to donate to or support in some other way, go to the IRS Publication 78 page at http://apps2.irs.gov/app2/pub78 to look it up.
If you find the nonprofit is listed, you may want to investigate further how the money you donate is spent, you usually can find a posting on exactly what their 501(c)(3) status grants them.
So, yes, if the nonprofit organization (also often listed as a "charity") is documented by the IRS and they are committed to their cause, they can do great work and help many people.
If you are looking for a charity or nonprofit to donate to, go to the Charity Navigator at http://www.charitynavigator.org/index.cfm/bay/topten.list.htm to see a list of the best places to put your money.
Hope that helps! |
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steppenwolf1a2003
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The company I work for (a Major Medical Insurer) is a non profit organization and they do....eg. The Ronald McDonald House and many more charities. |
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ivanovik11
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they don't... they just ask and ask people to give them money and then say they didn't get enough to the people that they were going to help out |
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