most notably the same things a lot of very large humanitarian organizations are criticized for -- putting too small a percentage of money raised towards research and/or things like PP's grants
You realize that's nonsense, though, right?
Komen spends about 12% of it's money on administration. 8% of their budget goes into the fundraising effort (spending money to make money). The other 80% goes to the mission - research, education, screening, and treatment.
Komen had a revenue on the order of $300 million on 2010. So, they spent something like $240 million on research, education, screening, and treatment. This is well-documented, public record stuff - it has to be for a non-profit.
Komen can be fairly criticized for the principle behind the decision - on that score, this was pretty bad on several levels. Their financial record, however, is beyond reproach.
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timeasmymeasure
no subject
Date: 2012-02-04 03:28 am (UTC)You realize that's nonsense, though, right?
Komen spends about 12% of it's money on administration. 8% of their budget goes into the fundraising effort (spending money to make money). The other 80% goes to the mission - research, education, screening, and treatment.
Komen had a revenue on the order of $300 million on 2010. So, they spent something like $240 million on research, education, screening, and treatment. This is well-documented, public record stuff - it has to be for a non-profit.
Komen can be fairly criticized for the principle behind the decision - on that score, this was pretty bad on several levels. Their financial record, however, is beyond reproach.