Charities' Efficiency Varies Greatly, Reports Show (1)
Eesti Ekspress has analyzed the annual reports of major charities, discovering that some spend as much on running their organizations as on actually providing help, while others transfer all donations to the needy.
The country's largest charities collected 1.6 million euros in donations last year, spending 500,000 euros on administration, advertising and other day-to-day costs, the weekly said today.
The charity arm of SEB bank collected 354,000 euros last year, but spent 84,000 on upkeep. The bank said all administrative costs were donated by the bank itself.
A fund belonging to the Bronstein family reported only 334 euros of costs, while channeling 98,900 euros into charitable activities.
The Estonian Children's Fund and Naera Ometi, translated as Please Smile, are at the other end of the spectrum, with each attracting around 38,000 euros, 40 to 50 percent of which they spent on running their programs.