What does AFR mean for charities?
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Similarly, you may ask, what is a good AFR for a charity?
Skimming the CFC Charity List you will see AFR percentages like 1.8%, 15.4%, 25.5%, 41.7%, and even 81.8%, and everything in between. The AFR percentage is not a fixed amount, it varies year to year. There is much more that goes into the AFR percentage, and sometimes a higher percentage is a good thing.
Likewise, what percentage goes to the charity? Program % reflects the percent of total expenses a charity spent on its programs in the year analyzed. For example, a Program % of 80% means that the charity spent 80% of its expenses on charitable programs.
Our Charity Rating Process.
|Charity A||Charity B|
|Program Spending Efficiency %:||95%||82%|
Besides, what does AFR stand for in CFC?
What is the average administrative cost of charities?
The typical charity spends 75 percent of its budget on programs, according to CharityNavigator. Look for nonprofits that hit or come close to the benchmark. The rest of a typical charity's budget goes to administrative costs (15 percent) and fundraising (10 percent).