The Chronicle of Philanthropy has published their 2012 edition of Philanthropy 400, a list of the largest NPOs in terms of the amounts raised from private sources. The list, here, is behind a paywall. It was also in the e-mail version sent out over the weekend and will be in the paper copy.
An accompanying article discusses the GIK at a few more charities: Gifts of Medicine and Food Fuel Growth But Draw Regulatory Scrutiny
The article focuses on Breast Cancer Society. I’ve not looked at their 990, but hope to do so soon. Key comments from the article worth pursuing:
Last year, that number {total revenue} shot up to $51.9-million, earning the group the No. 377 spot on The Chronicle’s list of the 400 charities that raise the most money from private sources. Nearly $38-million of the private contributions the charity reported receiving last year, or 73 percent, came in the form of noncash contributions—namely, medicines, medical supplies, and hygiene items, almost all of which it reported shipping overseas.
The charity said on its tax form that it hired eight fundraising firms last year and raised about $14-million, mainly through telemarketing campaigns.
Most of the rest of the cash paid for fundraising costs ($11.7-million) and compensation for 16 employees (more than $1-million).
Check out the full article.
Key data points for further analysis:
- 38M GIK revenue
- 14M raised by fundraising vendors
- 33M GIK expenses
- 12M fundraising costs
The Chronicle has a list of charities that have more than 50% of their income generated from GIKs. It is available here and is not behind a paywall. Looks like there are about 7 on the list that have been mentioned in the mebendazole discussions. There are a couple more that work with other products who have been subject of discussion lately.
Any accountants out there that want to look at the 990 and provide some analysis from an accountant’s perspective?
Update: The article on Breast Cancer Society is the lead article at the Chronicle website today. You can see it here, but it is behind a paywall. If you are following the GIK meds issue closely, it might be wise to get a Chronicle subscription.
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