Quote:
Originally Posted by Patrick
When it comes down to it, for every $1 FTC was taking in, about $0.25 was actually going to food for the children. $0.75 was going towards administrative costs. I think that's what angered a lot of people. But, you could also argue that FTC has done some great things around the world. But, how much more could they do if they reduced their administrative budget?
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When you compare this to other charities whose administrative costs are between 10 and 15%, this seems really outrageous. Most foundations will not fund grants to organizations whose administrative budgets are less than 15% - and that's really pushing the envelope. In the non-profit groups I have worked for in the past, those budgets were more like 8%.