4 ms·

5% operational expenses? Sounds a tad high. Are they currently a 501(c) (or similar)?

• sync 16y ago
  "Is SwipeGood a non-profit? Our goal is to make giving to charity as easy and as impactful as possible. By structuring ourselves as a for-profit business, we believe we can make a much larger impact on the world and help non-profit organizations become more efficient in their fundraising efforts." So, no.
  • mattdoka 16y ago
    I bet the 5% is largely from credit card processing fees. Hopefully you guys can work out a deal with the processors at some point...
    • anemitz 16y ago
      Exactly right. And yes, we're hoping for that too:)
• anemitz 16y ago
  Our view is that in order to move quickly and enact as much change as possible, we need to be structured as a for-profit (C-Corp). Since we're not charging charitable organizations, the 5% is used by us to cover the cost of operating our business. If you think about it in that context, it's not very high:)