To provide as many My Stuff Bags as possible each year to children in need, we maximize funding by keeping administrative and fundraising costs low.
The Better Business Bureau’s Wise Giving Alliance recommends that a charity “spend at least 65% of its total expenses on program activities.” Per our annual Audited Financial Statements, over 90% of our expenses are directly allocated to the My Stuff Bags Program.
The BBB also recommends that fundraising expenses be no more than 35% of an organization’s budget – ours are only about 5% of overall expenditures. This leaves a little over 3% to cover administrative and general expenses.
A “lean” organization? For the sake of the children we serve, yes.
Charity Navigator, the premier charity evaluator in the country, once again gave My Stuff Bags the highest rating any charitable organization can receive, for demonstrating strong financial health and commitment to accountability and transparency. This rating indicates that My Stuff Bags adheres to sector best practices and executes industry standards and outperforms most charities in our area of work. This exceptional designation from Charity Navigator sets us apart from our peers and demonstrates to the public our trustworthiness. Approximately only a quarter of rated charities have achieved this distinction!
We are proud to be listed as a “Best in America” charity as certified by Independent Charities of America.
Theravive, a network of mental health professionals, selected My Stuff Bags Foundation as one of their “Top 10 Children’s Charities in North America” based on our innovative approach to Psychological First Aid (PFA).