There are lots of reasons why your nonprofit’s annual IRS Form 990 is critically important. Chief among those reasons is that it is legally required that your organization file one each year. But another important consideration is the public transparency…
Ken Berger, who has led Charity Navigator for nearly the past seven years, has abruptly decided to leave his position with the organization, the Chronicle of Philanthropy reports. Berger stated in an interview that the organization “has been going through…
Dean Karlan, professor of economics at Yale University, recently wrote an article about determining if a charity is wasting donated money on overhead expenses. In this article, he discusses the “overhead ratio,” which we have discussed in a previous article.…
January 2023 UPDATE: the links to the Overhead Myth letter in the article below have been disabled due to the site no longer being active, however the Overhead Myth is important enough of a topic for us to keep the…
Just this morning the CEOs of Guidestar, Charity Navigator and BBB Wise Giving Alliance released a co-signed letter calling for an end to what they call “The Overhead Myth”. This marks the first time the three leading nonprofit information providers…