MoneySense ranks Canada’s 40 largest charities by what they spend on administrative expenses.
Ever wonder how much of your donations to charity are gobbled up by administrative costs? We looked at Canada’s 40 largest charities, and found the ones with the highest and lowest percentages of revenue used for managerial, administrative and fundraising expenses, according to Canada Revenue Agency returns.
Charity: Aga Khan Foundation Canada
City: Ottawa
Province: ON
Revenue: $116,087,864.00
% of Revenue: 3
Ranking of Canada’s 40 biggest charities by administrative costs can be found at
http://www.moneysense.ca/2009/12/21/canadas-40-biggest-charities/
This is interesting information. Thank-you.
AKFC is top tier in terms of efficiency based on this data, however, there is more context that is quite critical in understanding the numbers. That context is that the Aga Khan himself regularly funds AKF for administrative costs, new initiatives, and even to further develop the endowment. That means that he takes care of that 3% and then some. Bottom line for donors is that absolutely 100% of what they donate, be it via the Partnership Walk, Partnership Golf, or other avenues, goes towards projects.
Relevant excerpt from the AKDN web-site’s page for the AKF:
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