The Bono nonprofit took in $14,993,873 in public donations in 2008, the latest year for which tax records are available. Out of the nearly $15 million, only $184,732 was spent on charitable works. At least $ 8 million was spent on staff salaries and the rest spent on marketing, lobbying and luxury travel for executives.
Most all non-profit organizations are about one thing, making their executives rich.
For example: The Nature Conservancy's CEO Stephen McCormick's compensation package in 2002 included a $275,000 salary, $75,000 signing bonus, $75,000 annual living allowance and a $1.55 million home mortgage at 4.59% on an extravagant $1.7 million trophy house.
Greenpeace takes in over $250 million a year these days but hides the cash well through more than a dozen different corporations, offshore accounts and special projects. They remain very secretive where their massive budget actually goes.
The CEO of the New York Philharmonic, which continually pleads poverty and begs for cash, earns a whopping offensive $2.6 million annually.
The head of Scripps Research Institute gets more than a cool million each year.
The CEO of the YMCA of Houston rakes in $661,634.
Feed the Children is also a racket. The CEO and his 2 family memebers that he shares management with take in nearly $800,000 a year, which would feed a lot of children.
The list of greedy CEOs of non-profits goes on and on. If you have money to give away please try to find someone needy in your own family, neighborhood or church and don't waste it on a greedy charity.