PND News - Nonprofits Under-Report Fundraising and Administrative Costs, Study Finds

PND News - Nonprofits Under-Report Fundraising and Administrative Costs, Study Finds: "Nonprofits Under-Report Fundraising and Administrative Costs, Study Finds
According to a new study from the Indianapolis-based Center on Philanthropy at Indiana University and the Center on Nonprofits and Philanthropy at the D.C.-based Urban Institute, many nonprofit organizations under-report their fundraising and administrative costs.
The study, Nonprofit Fundraising and Administrative Cost, found that 37 percent of nonprofits with private contributions of $50,000 or more in 2000 reported no fundraising or special event costs � a figure that included almost one out of every five (18 percent) organizations that raised $5 million or more. Because organizations almost always have to spend money to raise money, it's simply not plausible, according to the study's authors, that such a large percentage of nonprofits would have zero fundraising costs."