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@s785
The problem for me is that the expenditure is just so high as a proportion of revenue... presumably a huge charity like oxfam or red cross doesn't need to pay its board that much more but will have much higher revenues and hence % spent on charitable work.
I hate small charities that seem more like a way to make someone feel better or show off (i.e. single cause single university groups so middle class kids can think they saved africa, or the "Insert Celebrity Here Foundation").