Secretary of State Wayne Williams of Colorado recently
released a report on Charitable Solicitations in his state. The 28 page report
provides an overview of what his role is in the regulation of charities and
their fundraising behavior. It also outlines best practices and tips for both
charities and donors.
The data in this report speaks to the progress made due to
Colorado’s effort to better their philanthropic sector. Approximately $79.7
billion dollars were donated to Colorado’s charities in 2015. Overall, these
charities are growing at a rate of about 7% over the past three years and they
allocate, on average, 84% of their spending to programs. Of the 12,794
charities registered in Colorado, only 2% use paid solicitors. This number
being so low is excellent because we often see inefficiencies in the way these
outside firms fundraise. 81% of net proceeds made through paid solicitors went
to the charity, however, when you remove two high-dollar campaigns, the overall
percent to the charity drops to only 37.9%!
Charity Navigator was recommended as one of the premier
sources of Industry Standards for Accountability and Transparency. Referring to
us, the report reads, “The site is a valuable source of data on charities and
includes detailed discussions about how to rate charities and measure their
impact.”
Currently, over 70 of Coloradan charities we rate have
earned a 4 star rating. From the Cheyenne
Mountain Zoo, to the First
Nations Development Institute, to Water
for People, many of Colorado’s charities are financially healthy and
transparent with their constituents!
Want to see all of Colorado’s four star organizations? Click
here!
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