Quote:
Originally Posted by zx10guy
Looked them up on Charity Navigator and they gave them 2 stars out of 4. The financial break down Charity Navigator showed for them has the charity giving only 53.3% of what the collect to the charity they represent. While their admin expenses seem to be low at 8.3%, their fundraising costs are way high at 38.3%.
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Not defending them but that may be an attribute of their business model (the donate a car gig). I would guess the contributions are mostly vehicles which are perhaps overvalued for the tax receipt relative to what they actually get at auction or scrap for the charity. That would create a large gap between what they collect in donations (donation value) versus what they give (auction/scrap value). If that is a correct assumption it should show up in all of the other car donation charities (and art and other non-cash donations). Probably true of Goodwill as well for the same reason.