April 24, 2012

Invisible Children, Wasting Your Money...

Today, I talk about the audit for Invisible Children, the business that calls itself a charity but is not qualified as one.

Audit link: http://c2052482.r82.cf0.rackcdn.com/images/895/original/AR11_small_final2.pdf?1325722694

From just opening this audit, you can tell it is childish and meant to be distracting, to get you to forget what you opened it for. Its first 31 pages, the majority of the audit, is all about their story, their cause, and why they are around. The minority, at a low of ~5 pages, are the actual financials.

However, when you actually do get to the financials, it gets even worse...
They have $5,000,000 in “Net Income”, which has no stated cause in which it has gone to. They have also apparently given $200,000 to schools in the USA, of which they should have spent on schools in Africa. Only ⅓ ($3,000,000) of the money they spent went to Africa, another ⅓ went to their awareness products and programs. $1,000,000 even went to management and general operating costs.. They also spent close to $1,000,00 on filmmaking alone, and fundraising cost them almost $300,000!

This audit was also done by an independent auditing company, not the government, and Invisible Children has never been evaluated as a charitable organization, so keep your money away.

~Mein Identity Keeps Esoteric

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