After reading the annual report of their Australian operation last year, I discovered that their top two executives were raking in an amazing $354,000 between them. Those from a "charity" that managed to raise only $2 million from the public (the federal government kindly tipped $6 million of our cash into their pockets).
- Public donations - $2,007,315
- Costs to raise those donations - $1,002,507
- Admin costs - $873,390.
If it wasn't for the generosity of the Australian taxpayer, this charity would have a measly $134,000 to spend on "charitable works" after paying the CEO, CFO, rent, phone bills and so on. In other words, 93.5% of the money that they raise from the public is spent on salaries, a plush office, travel expenses, nice furniture etc etc.
Why are they in the news again?
You know that silly video that 10:10 has put out?
It turns out that the UK arm of act!onaid has been giving 10:10 money and support. Well spotted, Richard Sharpe.
Don't you love the way these "charities" operate? They pay their executives an incredible amount of money (3-5 times the average wage in Australia), suck up to the government in order to get a wodge of our money (that we wouldn't give to them ourselves) and then they spend it on this sort of alarmist propaganda.
I wouldn't mind if the CEO was earning $80,000 and they were spending 90% of what they raised on buying food and clothing for orphanages in the third world. But they're not. They're fleecing us, paying themselves a fortune and then using our money to ram their ideologies down our throats.
The sooner these "charities" are de-funded and de-registered, the better.