FederalTimes.com=OPM proposes lifting cap on charities’ administrative costs

FederalTimes.com: "OPM proposes lifting cap on charities’ administrative costs
By ELISE CASTELLI
October 05, 2006
A plan to eliminate the cap on how much charities spend on administrative and fund-raising expenses is one of several proposed changes to the Combined Federal Campaign that concern some of the participating charities.
Currently, no organization within CFC can spend more than 25 percent of its revenue on administrative and fund-raising expenses. The Office of Personnel Management, which administers the government’s annual charity drive, proposes leaving it up to donors to use public reports to vet charities, according to the June 29 Federal Register."

Tags: NPFundraisingcosts