Close to $100 million has been raised towards the ALS foundation. Where is all that money going?
According to the ALS Foundation, not towards ALS.
Over 73% of all donations raised are going to fundraising,
overhead, executive salaries, and external donations. Less than 27% is actually
used for the purpose we donated for.
According to the ECFA, a charitable watchdog, 27% of
donations actually making it to the cause they are donated to is unacceptable.
In fact, the ECFA won't deem a non-profit as a reliable charity unless at least
80% of donations make it to their intended projects.
Here's the breakdown of the ALS Foundation's Financials from their own pie chart:
