Here are some highlights from the article:
- New charities are created every 10-15 minutes.
- Last year, the IRS approved 99% of applications for charity status.
- There are 1.1 million charities in America.
- In the past decade, the number of charities has grown 60%.
The moral of this tale for donors is that just because a group is a bona fide nonprofit doesn't mean that it is effective, ethical or efficient. Be sure to do your homework and check out a charity before you give.