Featured Comment from alecincgy;
WE.org are embedded in the K-12 system, I had no idea how or what WE-DAY was until last year when it came up talking to one of my kids.
From the financials on the WE website for 2019 they collected $2.3M from governments and a staggering $15.5M from youth. 10% of revenue was spent on admin ($6.5M).
https://www.we.org/en-CA/about-we/we-charity/governance/financial-reports
That nice round 10% spent on admin seems high to me. They are proud of their 10% (from their FAQ’s). By comparison the Canadian Red Cross runs at 3% and they provide sweeping services across the country. Other excellent charaties are even more efficiently administered.
Here is MacLeans list of the top 100 charaties in Canada. I can’t see WE on the list.
It seems the WE.org expenditures are education and WE projects. They don’t carry reserve cash, they invest in real estate and then mortgage when necessary.
I honestly hope that with such high annual revenue ($57.9M) that they help large numbers of people (besides the deeply unfortunate Trudeaus and their cronies of course). What would they have done with $900M, or even the $90M in administrative costs (at 10%)?