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Claim: E-mail compares the salaries of top executives of several large charitable organizations.
Example: [Collected via e-mail, 2005]
Origins: According to Forbes magazine's reporting for the fiscal year ending June 2003, the total revenue and top executive compensation (including benefits) for the three large charitable organizations referenced above were as follows:
Financial figures for these organizations are difficult to compare directly for a number of reasons. The United Way of America, for example, is not one large organization, but a body that coordinates 1,400 independent local United Way member organizations, each separately incorporated and governed by local volunteers. As well, the Salvation Army is classified by the Internal Revenue Service as a "church or convention or association of churches" and is therefore not required to file Additional information:
Last updated: 14 November 2005 Urban Legends Reference Pages © 1995-2008 by snopes.com. This material may not be reproduced without permission. snopes and the snopes.com logo are registered service marks of snopes.com. |
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