The North Carolina Secretary of State’s Office annual report found 80% of the $44 million raised in North Carolina went directly towards charities’ programs from July 2019 to July 2020.
The other 20% of the money went towards administrative costs and the professional fundraising organizations.
“Our real objective in publishing this report is giving the public information they need to be informed contributors. There are some charities that spend an awful lot in overhead and very little on the particular mission and there are others that are very efficient with their donations and a great majority of their funding goes to the actual charitable mission,” said North Carolina Secretary of State Elaine Marshall.
Be sure you know this new money-saving tax provision before you donate on Giving Tuesday
While a higher portion