Comparing Non Profit Organizations
Comparing non profit organizations engaged in research will give you an idea of how they spend the donated funds. Yes, they spend funds on other services according to what the mission statement says they want to accomplish. But every one of the six non profit organizations listed in this Post #1 state in their mission statement that they sponsor research. If you carefully note, of the six non profit organizations listed below the Breast Cancer Research Foundation spends the most on research, while the Dana-Farber Cancer Institute comes in second. The four other non profit organizations spend very little on research and spend most of the donated funds on salaries or private contractors. The six examples listed here in POST #1 only show two organizations who spend a significant percentage of donated funds on research (The Breast Cancer Research Foundation and Dana-Farber Cancer Institute). If you scroll past this first post you will also learn about the difference how a 501 c 3 non profit organization differs from a 501 c 6 non profit. Big difference.
National Rosacea Society
Total Revenue for 2007: $824,986
Total Program Expenses (Form 990, Part III): $706,007, of which $100,000 spent on rosacea research
Compensation to Officers: 0
Private Contractors: $529,964
2007 Form 990 includes three contractors included in the Compensation of the 5 Highest Paid for Professional Services:
$420,540 to Glendale, $109,424 to Park, and $65,272 to DG Printing. DG Printing does not appear to be in any way connected to any of the board members of the NRS.
For every dollar donated to the NRS 12 cents in spent on rosacea research, making the NRS the leader in rosacea research non profit organizations.
Inflammatory Skin Disease Institute
Total Revenue for 2006: $137,642
Total Program Expenses (Form 990, Part III): $53,495, of which none was spent on rosacea research, but there is a report of two cash grants totaling $500 to two individual scholarships.
Compensation to Officers: $50,000
If you consider $500 for two scholarships that is the only money spent on research. It would be fair to say that this organization doesn't spend much on research at all.
The Skin Cancer Foundation
Total Revenue for 2006: $3,332,382
Total Program Expenses (Form 990, Part III):$1,820,560, of which $145,053 was spent on grants for skin cancer research and programs (Statement 4)
Compensation to officers: $693,520
For every dollar donated to the SCF 4 cents was spent on skin cancer research.
The Breast Cancer Research Foundation
Total Revenue for 2007: $42.2 Million
Total Prgram Expenses (Form 990, Part III): $35.2 Million, of which all of this was for grants and allocations
Compensation to officers: $219,364
Salaries: $1.1 Million
For every dollar donated to the TBCRF 81 cents was spent on breast cancer research. This organization was rated A+ by the AIP. Check the details for yourself by clicking here.
Dana-Farber Cancer Institute
Total Revenue for 2005: $698,288,159
Total Program Expenses (Form 990, Part III): $532 million, of which $268 million was spent on cancer research
Compensation to Officers: $6.3 million
Salaries: $188.9 million
For every dollar donated to Dana-Faber Cancer Institute 38 cents is spent on cancer research.
The American Cancer Society (Group)
Total Revenue for 2005: $971,279,823
Total Program Expenses (Form 990, Part III): $389 million, of which $7.9 million was spent on cancer research
Compensation to Officers: 0
Salaries: $263.3 million
For every dollar donated to the ACS Group 0.8 cents (that is less than a penny!) is spent on cancer research. Carefully look at how much this non profit organization received in donations, which is almost a billion dollars. Less than a penny per dollar donated is spent on research.