That's upto you to judge. For a start, Charitywatch.org
doesn't recognize it in its list of top cancer charities with their AIP ratings. Charity Navigator, on the other hand, gives it 2 stars
for efficiency rating. In 2008, the same was just 1 star, as I documented here
. As you can note from both records, CN's overall rating for LAF has dropped from 52.49 in 2008 to 51.40 in 2009. Is that drop significant? Up to you to decide.
Now some of you might say stars don't say much, rating systems are flawed etc etc. So I delved into LAF's financial statements for the past 4-5 years and plugged all numbers into Excel, making log plots of the consolidated dollars.
Some interesting tidbits noted were :
1) The 2007-2008 report
isn't very inclusive about where it's program expenses are going, unlike past years where audits stated explicitly how many x and y dollars went for research, education, community, survivorship etc. Not sure why there is inconsistency is the categorizations of the reportings.
2) An Investment Income Loss
of $8,873,485 in 2008
3) In 2004-2005 report, the amount in revenue coming from "Contributions"
for 2005 was $18,613,337. In the 2005-2006 report, the same was changed to $17,804,842 with no reasons mentioned, so I'm not sure what's going on.
4) Different from other years, the 2007-2008 report mentions $324,016 and $997,955 as going to expenses for "Government Relations"
for 2007 and 2008 respectively. Again, I'm not sure what this 'relationship' consists of. It'd be kind of nice to know for donors and others alike.
is among the things mentioned as Functional Expenses. As you can see in the graph attached , it seems like a decent figure is going every year for entertainment, although the trend is cyclic over the 5 year period. Is there any harm in breaking it down for the public? Was it for Food? Music? Alcohol?
Be merry. Here are the numbers, all sourced from LAF.org
Feel free to point errors, flaws etc. What would be interesting is comparing these numbers to other prominent charities in the country. What would also be interesting is to see the numbers for 2009. From the way LAF has been making these records public, looks like that won't happen until late 2010!
Image of spreadsheet for the dollars : http://img69.imageshack.us/img69/1529/lafexcel.png
(Some data for certain items is excluded only because I did not see an explicit mention for the item in the statements for certain years.) If you want to play around with the spreadsheet yourself, let me know.