RE: Economics question on charities
January 23, 2015 at 4:20 pm
(This post was last modified: January 23, 2015 at 4:23 pm by The Grand Nudger.)
Put all of that out of your head. A charity might spend what you consider to be an exorbitant amount on administration because those people make each charitable dollar go farther. Talented people cost more money.
If, for example, I have $100 dollars
-Org A spends 20 on the cause, 80 on admin, but every dollar buys 2 cookies....you have 40 cookies.
-Org B spend 80 on the cause, 20 on admin, but every dollar buys a half a cookie...you have 40 cookies.
Which org would you feel more comfortable with donating to...or is it a wash? Keep in mind that the proportion of admin to cause -is- ad copy. Don't buy it wholesale. Remember, -you're- the one giving to a charity, these people do it for a living.
(goes the other way as well, they might spend more on talent even if they get precisely the same or even less out of -each- dollar because that talents draws in more dollars overall)
If, for example, I have $100 dollars
-Org A spends 20 on the cause, 80 on admin, but every dollar buys 2 cookies....you have 40 cookies.
-Org B spend 80 on the cause, 20 on admin, but every dollar buys a half a cookie...you have 40 cookies.
Which org would you feel more comfortable with donating to...or is it a wash? Keep in mind that the proportion of admin to cause -is- ad copy. Don't buy it wholesale. Remember, -you're- the one giving to a charity, these people do it for a living.
(goes the other way as well, they might spend more on talent even if they get precisely the same or even less out of -each- dollar because that talents draws in more dollars overall)
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