$425 million dollars for charity!

tags: Cause Marketing, charity, IRS, Nonprofit Organizations, Online Fundraising

I just found a way to give $425 million dollars to charity!

According to the IRS for the period from October 1, 2006 through September 30, 2007 the IRS received 85,771 applications for recognition of Section 501 (c) (3) status. With the average cost to create a “charity” running about $5,000 per, that would add up to over $425 million dollars spent in legal and administration fees.

So maybe, just maybe we can stop creating charities and just donate that money to charity itself! I’m a little upset at that stat! Because if you take even a few years of those stats we’re talking almost a billion dollars that could have simply been given to a good cause.

Online fund raising soars

Good news is online fund raising soared by a median of 42 percent last year at the nation’s biggest charities. Let’s just hope that more people will realize they can effect a change in “their world” by not having to start a “charity” and just donate their $5,000 online!

Jeff Crane @ June 19, 2008