Tuesday, June 3, 2014

Charity salaries



Is one charity automatically more respectable than another just because its leader is paid a lower salary? Not necessarily, says Charity Navigator, a website that evaluates and compares the financial health of charitable organizations.

"While there are certainly some charities that overpay their leaders," the site's FAQ page explains, "Charity Navigator's data shows that those organizations are the minority. Among the charities we've evaluated, the average CEO salary is $150,000. ... These leaders could inevitably make much more running similarly sized for-profit firms. Furthermore, when making your decision [about where to donate] it is important to consider that it takes a certain level of professionalism to effectively run a charity and charities must offer a competitive salary if they want to attract and retain that level of leadership."

http://urbanlegends.about.com/library/bl_charities_salaries.htm

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