They're all non-profit, of course, but what does that mean? A private company works for profit, and the management of the company turns that profit over to its shareholders. A non profit organization has no shareholders and is not allowed to make a profit -- so management is required to spend all the income on wages, staff perks and other expenses.
e.g.
by Dennis Clark. PART OF A TREND: State Sen. Shirley Huntley in handcuffs last week.
Read more: http://www.nypost.com/p/news/local/queens/weet_life_in_rotten_apple_ADrQqUwJK9eVuwr08X2zUN#ixzz25xEuO75S
One of the few politicians to worry about propaganda-based businesses is Hamilton-Wentworth MP John Bryden, who published one report on the funding of special-interest groups in 1993 and another on charities in 1996.
The 1996 report says Canada has 73,000 registered charities and another 66,000 non-profit organizations, with total revenues that Bryden estimates at more than $100 billion. The report has to estimate the total because financial information on the 66,000 non-profit organizations is "confidential" -- bureaucratic for secret -- but numbers for the 73,000 "charities" are available.
Between them they share a total income of about $86 billion dollars -- about 13% of Canada's total economic activity -- they have about $109 billion in assets and they employ about 1.3 million people, or about 12% of Canada's total work force. The numbers are not quite so mind-blowing when you remember that hospitals and universities are "charities", but they are still pretty big.
We expect governments to contribute to hospitals and universities but most of the 73,000 registered Canadian charities are neither universities nor hospitals, and some of them are open to serious question. By definition a charity helps people in need but some Canadian charities confine their activities to special groups.
In 1990 the Auditor General reported that one Canadian corporation had donated $5 million to several foundations whose directors were related to the corporation, and that the foundations had immediately loaned the money back, plus interest charges. Because the money was given to registered charities the gifts were deductible for tax purposes, and loans are not taxable.
Financial records for most non profit organizations are a closed book -- Revenue Canada sees them but the information is privileged -- but the salaries paid to top executives of Canadian charities are supposed to be public information. Bryden reports that about 25% of Canadian charities -- more that 18,000 organizations -- do not report the salaries they pay to top executives.
By law a public charity is supposed to devote 80% of the money it receives in donations to charitable works, but most Canadian charities get most of their money from the government or from business, rather from donations, and there is no control on how they spend it."
Between them they share a total income of about $86 billion dollars -- about 13% of Canada's total economic activity -- they have about $109 billion in assets and they employ about 1.3 million people, or about 12% of Canada's total work force. The numbers are not quite so mind-blowing when you remember that hospitals and universities are "charities", but they are still pretty big.
We expect governments to contribute to hospitals and universities but most of the 73,000 registered Canadian charities are neither universities nor hospitals, and some of them are open to serious question. By definition a charity helps people in need but some Canadian charities confine their activities to special groups.
In 1990 the Auditor General reported that one Canadian corporation had donated $5 million to several foundations whose directors were related to the corporation, and that the foundations had immediately loaned the money back, plus interest charges. Because the money was given to registered charities the gifts were deductible for tax purposes, and loans are not taxable.
Financial records for most non profit organizations are a closed book -- Revenue Canada sees them but the information is privileged -- but the salaries paid to top executives of Canadian charities are supposed to be public information. Bryden reports that about 25% of Canadian charities -- more that 18,000 organizations -- do not report the salaries they pay to top executives.
By law a public charity is supposed to devote 80% of the money it receives in donations to charitable works, but most Canadian charities get most of their money from the government or from business, rather from donations, and there is no control on how they spend it."
taken from: 'Hitler's Legacy.'
http://webhome.idirect.com/~andyt/hitler.html
http://theangrycheese.blogspot.co.uk/2011/05/crime-against-british-people.html
http://aspecks.com/blog/commentary/corruption-alert Corruption in charity/non profits being reported, which is good but take a look at the organisation reporting this to you. And think about it. It is from another third sector organisation,
"a dynamic campaign for Global Society, underpinned by a clothing line and a communal blog for the Exchange of Culture, Knowledge and Skills. Aspecks is an attempt to utilise the power of modern technology to create an online association of people brought together by a common cause: Promoting the concept and responsibilities of being a Global Citizen in a diverse world. Aspecks has been designed to be your website so the more that you contribute and participate the larger our community becomes."
Sounds great doesn't it? But is it? Don't get sucked in.