Some Nonprofit CEOs Make More Than $1 Million a Year

What's Hot

23 Upgrades Under $50 to Make Your House Look AwesomeAround The House

Trump Worth $10 Billion Less Than If He’d Simply Invested in Index FundsBusiness

Do This or Your iPhone Bill May SkyrocketSave

11 Places in the World Where You Can Afford to Retire in StyleMore

19 Moves That Will Help You Retire Early and in StyleFamily

What You Need to Know for 2017 Obamacare EnrollmentFamily

8 Things Rich People Buy That Make Them Look DumbAround The House

50 Ways to Make a Fast $50 (or Lots More)Grow

32 of the Highest-Paid American SpeakersMake

The 35 Two-Year Colleges That Produce the Highest EarnersCollege

5 DIY Ways to Make Your Car Smell GreatCars

Amazon Prime No Longer Pledges Free 2-Day Shipping on All ItemsMore

More Caffeine Means Less Dementia for WomenFamily

7 Household Hacks That Save You CashAround The House

5 Reasons a Roth IRA Should Be Part of Your Retirement PlanGrow

30 Awesome Things to Do in RetirementCollege

Beware These 10 Retail Sales Tricks That Get You to Spend MoreMore

Medium-sized and large charities paid a median salary of nearly $126,000 to CEOs in 2011.

Who says charity is for chumps? (Answer: the real chumps.)

In an analysis of nearly 4,000 charities, Charity Navigator found dozens of CEOs who made more than $500,000 in 2011. At 11 charities, CEOs made more than $1 million. Here’s more from the report:

  • The median salary of studied nonprofit CEOs was $125,942 in 2011. That’s about a 2.5 percent raise over the previous year, compared with a 4.7 percent raise between 2007 and 2008.
  • Educational charity CEOs earn as much as $90,000 more than those running religious charities.
  • The highest 2011 compensation was nearly $1.85 million for the CEO of the Boys & Girls Club of America. The median pay in this charity category (human services) was $114,000.
  • Some charities compensate CEO relatives with salaries of more than $100,000 a year — sometimes higher than the CEO’s.
  • 6 percent of the studied charities (all of which are considered medium or large, having expenses of at least $3.5 million per year) have no set process for determining CEO pay.
  • “Charities tend to pay less than private sector firms for similar competencies. For example, the charities in our study pay a median total compensation of roughly $126,000, compared to median salaries at S&P 500 companies of $9.6 million in 2011.”

It’s important to choose charities with care — not just based on CEO pay, but on how they spend in general. Some spend a lot on overhead or advertising, and not so much on helping people. There’s also the risk of fraud. Check out the video below to see how easily it is to fall for a fake charity.

You can learn more about finding charities you can really get behind in our story, “4 Tips to Find the Right Charity.”

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!


Read Next: 19 Cheap or Free Ways to Cut Your Winter Energy Bills

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,751 more deals!