And speaking of jobs, according to the Southern Policy Center (a 501c3 “charity”) 990 forms as reported, they received $33,526,228 in 2007. The same form reports that their net assets or fund balances in 2007 were $219,551,849.
Holy farken snit! What the hell is a charity group doing with assets of $219 million dollars on an income of 33 million? What good could they possibly do by sitting on that kind of money?
People need to spend more time researching organizations before they donate. People expect the money they donate to be put to work helping the causes they support, not shoveled into a bank vault somewhere to build up corporate assets. How many people would donate their hard-earned money if they knew that the Southern Policy Center was already sitting on $219 million?
It might be time for a law that requires non-profits to publish their income, assets and even the pay of their top executives in every donation solicitation.