From an Facebook message sent out to Chalice Supporters:
In a report issued on their website on June 17, MoneySense, a Canadian Financial Magazine, has given Chalice the highest rating among Canadian International Aid Organizations. The study measures the following criteria:
*Overall Charity Efficiency * Fundraising Efficiency * Governance and Transparency * Reserve Fund Size and *Overall Grade. We are proud to announce that the Catholic Sponsorship Programme, Chalice, has achieved the highest grade in the International Aid and Development Category with an overall A rating. Fr Pat Cosgrove, President of Chalice, would like to take this opportunity to thank all of our sponsors, staff, overseas partners, and all the clergy and religious that support us in our mission of serving God in helping those most in need. Click here to read the story.
You’ll notice in the report that World Vision is not that efficient, but that’s the least of their problems, in my opinion.
I’m not sure why Development & Peace is not even listed. Maybe they were so far down on the list, they weren’t even worth mentioning, considering their stats….
Financial Info Return (T3010) Year End–> Aug.31.09
Account Line # D&P Chalice Management & administration 5010 $4,303,990 $500,822 Total expenditures 5100 $31,386,530 $16,099,423 Admin % 14% 3% Source: http://www.cra-arc.gc.ca/tx/chrts/dnrs/lstngs/menu-eng.html
Median average overhead % for a charity is 9.6%. (Source)