BY JOY WHITE
Guam’s nonprofit organizations, those both locally founded and branches of national organizations, maintain a track record of their overhead costs, aiming to keep them to a minimum to ensure donations from businesses and individuals go to the organization’s cause. In the Journal’s discussions with some of the island’s larger nonprofits, it was determined that a generally acceptable amount for administrative costs is around 10% of an organization’s expenses, with the remainder going back into the community.
“Less than 10% [of our revenues are used] for the overhead . . .
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