That is where charity ratings come in. There are several resources out there to find out what charities are doing well and what charities are failing, as well as what charities utilize your money to the max and in the best possible way.
Many people, just like you, want to donate but don’t for fear of being taken for a ride. Charity ratings is a way to alleviate that fear, educate you on trustworthy charities and nonprofit organizations (there are many of them, actually), and allow you to feel comfortable in your giving. Remembering that there are more good charities and nonprofits out there than there are bad, helps make it easier in deciding to give.
You should use a top resource, such as Charity Navigator: http://www.charitynavigator.org/ . This charity ratings source supplies a ton of very well organized and easily accessible details. They have compiled several top ten lists, such as:
- 10 of the Best Charities Everyone’s Heard Of
- 10 Highly Related Charities Relying on Private Contributions
- 10 Charities Routinely in the Red
- 10 Charities Stockpiling your Money
- 10 Charities in Deep Financial Trouble
- And many more…
They also offer up some great tips on protecting yourself from scams, tips for older donors, evaluating charities not currently rated, the tax benefit of giving, how to stop unwanted solicitations, and more.
The also supply you with 6 questions you should ask of a charity before donating. Those questions can be found here: http://www.charitynavigator.org/index.cfm?bay=content.view&cpid=28
This top charity ratings resource also has some great information of donating a car to charity. The top advice here: Take the time to get it right: http://us.bbb.org/WWWRoot/SitePage.aspx?site=113&id=4ef08b14-37cb-4974-a385-7f41f63b16b0
Charity ratings can also help you determine a “good” from a “bad” charity. As a general rule of thumb, any charity or nonprofit organization that is using 80 cents or more towards their charity’s mission is a good charity. This is a question that you have a right to ask before donating one penny of your hard earned money.
The BBB (Better Business Bureau) Wise Giving Alliance
Did you know that the Better Business Bureau also does reporting for charities and nonprofit organizations? This includes list of complaints, charity reports and standards, and more. This is a major tell-all of charity ratings. You can see for yourself here:
To Give or Not to Give
That is the question. Once you arm yourself with the right information, you should feel very comfortable in deciding to give and to whom. It just takes a little homework. So, get cracking on that studying as there are a lot of needy people in the world needing your help right now.