Barron’s Penta spotlights types of “accounting chicanery” that nonprofit watchdog groups say can mask excessive fundraising or administrative expenses and that donors should look out for in vetting potential beneficiaries.
The wealth and personal-finance magazine says nonprofit accounting is marked by lax oversight and minimal disclosure rules and cites examples of prominent charities that count thrift-store operations or fundraising costs as program expenses, among other “fast accounting moves.”
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