So you want to give to a charity, but how do you know if its truly a worthy cause or something that will simply cause your money to go to waste? Or how do you know how much of your money will actually be used for the cause they advocate and how much lines the pockets of the charity founders?
One step that can help you is to check if a charity is listed on the IRS’ website as tax-deductable. If they aren’t you might want to find out why prior to giving.
The next step is to find out what percentage of your gift will go towards the actual cause, and checking the authenticity of the organization. There is a fantastic website called Charity Navigator that gives a score for different charities. The score reflects their finances and their accountability/transparency. There are financial reports and information about how the organization is structured. It is a lot of information at your fingertips.
It only takes a few minutes to check out the reliability of an organization but the help you give, to the right place, can truly have a ripple effect for generations.