List Ranks America’s Worst Charities
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iStock/Thinkstock(TAMPA BAY, Fla.) — A Florida newspaper is out with a list of which charities are naughty and which are nice when it comes to giving money to the people they claim to help.
Number one on the Tampa Bay Times list of the worst charities is Kids Wish Network — just 2.5 percent of the nearly $138 million it collects is spent on kids wishes.
In a video, Times reporter Kris Hundley says the money is too often siphoned off by a third party.
“These are charities that let their professional fundraisers keep up to 90 percent of all contributions,” she says.
Ideally, according to Watchdog groups, fundraisers shouldn’t keep more than 35 percent of what they raise.
Getting good grades was Wounded Warrior Project, which funnels 58 percent of its donations directly to veterans.
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