Lucky Skunk

 

lucky skunk

Kony 2012 and the importance of reading financial statements before you jump on the bandwagon


Kony...scam?...at best only 26% raised goes to help. Yes. scam.


Now I know a lot about reading financial statements and non-profit organizations.   A hell of a lot.


Only 37% of what is donated is actually going to programs in Africa. Of that 37% take out about 30% in management and you are left with about 26%


Some of the 'awareness' programs are nothing but ways of pushing salaries from the G & A where they belong. Web and design almost $300,000? COME ON!


I could (yes me) build that site in about 8 hours.


And $851,000 for travel? That's 10% of what is raised.  Are they flying by private jets to the Cayman's?


And have a look at the balance sheet. $750,000 in computer equipment? WTF?


When I see financial statements manipulated like that, red flags go up everywhere.


If you want to donate anywhere, then United Way is your best bet.


here are the audited financials


 http://c2052482.r82.cf0.rackcdn.com/images/737/original/FY11-Audited%20Financial%20Statements.pdf?1320205055 


here is their reply to criticism 


http://s3.amazonaws.com/www.invisiblechildren.com/critiques.html