I have been seeing endless tv ads for the American Cancer Society over recent weeks, endlessly! My guess is that these are paid ads, not PSA's, since these ads recur so frequently. In any case, I decided to take a look at their financials. Here's what I discovered through the reliable charity evaluator, Guidestar:
Assets $1,893,983,000 (almost $@ trillion!)
Expenses:
Administration $48,606,000
Fund Raising $177,011,000
Program Services $631,708,000
Add fund raising and administration and the total is $225,617,000 while program services are $631,708,000. It doesn't look like much is going to services. I think there are many other organizations both fighting cancer and supporting patients.
My advice - look closer where you donate and don't get sucked in by glitzy endless sentimental ads. Do some research and make sure you get your money's worth when you contribute!
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