As the holiday season and new year approaches, you may feel inspired to donate to a special cause close to your hearts. But when you give your hard-earned money, you want to know your contribution will actually reach those in need. Luckily, charities are required to be open about their financials, and it's easy to determine which allow your donation to go the furthest.
Know before you give
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About 20 percent of charitable donations are made in December, which makes sense when you consider that folks are in the giving state of mind and likely want to take advantage of any possible tax deductions before the year ends. But before you open your wallet, it's important to research your charity to check how much of your donation actually goes to help others versus covering administrative or other costs. Here are some of the charities where your donations go the furthest. Rather donate time than cash? Consider these creative ways to volunteer and make a difference.
The World Vision
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This Christian organization spreads the message of Jesus and contributes funds and aid to families around the world. According to their website, they currently help more than 3.5 million children in 100 countries. These efforts include tsunami relief, medical care, and other necessities. If you feel inspired by their practices and align with their beliefs, you'll be happy to know that 86 percent of their total operating expenses go toward programs that benefit children, families, and communities. They also make some beautiful gifts that give back.
Charities Where Your Donation Goes the Farthest, Source:https://www.rd.com/advice/best-charities/