4 ms·
"1. At what percentage will your entity spend on administration costs? 2. Will you agree to keep it to less than 10%, if we give you funds?" Sometimes (importa
by joshdance 13y ago
"1. At what percentage will your entity spend on administration costs?
2. Will you agree to keep it to less than 10%, if we give you funds?"
Sometimes (important word, sometimes) admin costs need to go above 10%. You have to spend money to make money.
If a business had an opportunity to spend 1 million dollars to make 2 million dollars, they would do it all day. (Taking into account their rate of return etc.) If a nonprofit had the opportunity to spend 1 million dollars to make 2 million, they might not, because they don't want their admin costs getting "too high".