– Some nonprofits are little more than fronts for fund-raising companies, which bankroll their startup costs, lock them into exclusive contracts at exorbitant rates and even drive the charities into debt. A medical charity paid its biggest research grant to its president’s own for-profit company. One cancer charity paid a company owned by the president’s son nearly $18 million over eight years to solicit funds. – Even as they plead for financial support, operators at many of the 50 worst charities have lied to donors about where their money goes, taken multiple salaries, secretly paid themselves consulting fees or arranged fund-raising contracts with friends. Over a decade, one diabetes charity raised nearly $14 million and gave about $10,000 to patients. – The 50 worst charities in America devote less than 4% of donations raised to direct cash aid. Until today, no one had tallied the cost of this parasitic segment of the nonprofit industry or traced the long history of its worst offenders. The nation’s 50 worst charities have paid their solicitors nearly $1 billion over the past 10 years that could have gone to charitable works. These nonprofits adopt popular causes or mimic well-known charity names that fool donors. Then reporters took an unprecedented look back to zero in on the 50 worst - based on the money they diverted to boiler room operators and other solicitors over a decade. Using state and federal records, the Times and CIR identified nearly 6,000 charities that have chosen to pay for-profit companies to raise their donations. No charity in the nation has siphoned more money away from the needy over a longer period of time.īut Kids Wish is not an isolated case, a yearlong investigation by the Tampa Bay Times and The Center for Investigative Reporting has found. An additional $4.8 million has gone to pay the charity’s founder and his own consulting firms. In the past decade alone, Kids Wish has channeled nearly $110 million donated for sick children to its corporate solicitors. Most of the rest gets diverted to enrich the charity’s operators and the for-profit companies Kids Wish hires to drum up donations. The worst charity in America operates from a metal warehouse behind a gas station in Holiday, Florida.Įvery year, Kids Wish Network raises millions of dollars in donations in the name of dying children and their families.Įvery year, it spends less than 3 cents on the dollar helping kids.
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