Added: 01/22/2006 |
Ratings For Charities Devoted To Breast Cancer: Susan G. Komen And MoreWith the explosion of breast cancer awareness in the last two decades, the number of breast cancer charities has grown quickly. Many people, both those affected by this devastating disease and those not, feel a great desire to donate to breast cancer charities that are researching cures and better treatments. However, choosing the right charity can be difficult. Unfortunately, some charities don't manage their funds as well as others, but that's where charity ratings come in. By checking the charity ratings before you donate, you can be assured your money will be put to good use.
When it comes to breast cancer, Susan G. Komen Breast Cancer Foundation has done a lot of work to raise awareness. If it's a walk for breast cancer, Susan G. Komen is probably behind it. When it comes to many of the milestones for breast cancer, Susan G. Komen is the leader, raising over $750 million dollars since its inception. So how does this famous charity stack up? According to Charity Navigator, as compared to other charities for breast cancer, Susan G. Komen Breast Cancer Foundation gets an overall rating of 3 stars - or good, which means the charity meets and/or exceeds the industry standard and performs as well or better than the other charities with the same cause. Therefore, when choosing to donate to a charity for breast cancer, Susan G. Komen is a good choice.
The National Breast Cancer Foundation is also a great choice for charitable donations. Charity Navigator actually ranks the National Breast Cancer Foundation higher than the Susan G. Komen Brest Cancer Foundation. The National Breast Cancer Foundation received 4 stars or a rating of exceptional, meaning it exceeds industry standards and outperforms most of the other charities with the same cause. In terms of efficiency, the National Breast Cancer Foundation also outperforms. Based on their annual reports, the National Breast Cancer Foundations spends just $0.04 for every donation dollar earned, whereas Susan G. Komen spends $0.13.
What many people want to know more than those charities that are doing okay, are those breast cancer charities to avoid. Here's where Charity Navigator comes in very handy. The worst rated breast cancer charity is the National Cancer Center, which received 0 stars, a rating that indicates the charity performs far below industry standards and the other charities with the same cause. Based on the financial statements, the National Cancer Center spends $0.59 for every donation dollar earned - a very more efficiency rating.
Another breast cancer charity to avoid is the Coalition Against Breast Cancer, which received only 1 star from Charity Navigator. A 1 star rating indicates the charity does not meet industry standards and performs well below most of the other charities with the same cause. For reference, again based on financial statements, the Coalition Against Breast Cancer has a low fundraising efficiency, spending $0.45 to raise each dollar of charitable contributions.
The bottom line when it comes to choosing a breast cancer charity is to do your homework. You can check most charities online for free, through websites such as www.charitynavigator.org and www.charitywatch.org. You want to look for a charity that has a higher fundraising efficiency rating and makes an effort to lower its operating expenses. If you've donated to a charity in the past that you've now found wasn't up to par, don't be discouraged. Every penny makes a difference - so donate whatever you can today.
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