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Not all charities are like this; the against malaria foundation for example seems very cost effective


AMF is a UK charity so I'm not sure I'm reading their financial page correctly: https://www.againstmalaria.com/FinancialInformation.aspx

Looks like they're using half their revenues to build up a bank account. To smooth out their net purchases? For the most part, I like their model. They turn thousands of small donations directly into nets without a bunch of middle men.




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