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Red Cross/ charities
I saw a show(Dateline or 48 hours) after 9/11 on charities. The jist of the show was to point out how little money actually donated to a charity actually goes to the victims. I think charities are only required to spend 10% of their donations on the victims. They can spend as much as 90% on overhead. The head of the charity can be driving a Bentley and paying himself 7 figures.
Does anyone know what percentage of Red Cross donations actually go to victims?
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