Watchdog Group Issues Warning on Cancer Charity
July 17, 2009 | Read Time: 1 minute
The Atlanta office of the Better Business Bureau is warning Georgians about the Cancer Fund of America, saying the Tennessee charity spends most of its funds on itself, The Atlanta Journal-Constitution reports.
According to an investigator for the watchdog agency, the fund reported to the Internal Revenue Service that it spent more than $8-million of the $8.8-million it collected in 2007, and that most of its giving was in the form of donated goods.
James Reynolds, chief executive of the cancer charity, said the Better Business Bureau’s assessment of the fund’s finances are unfair and that its 2008 documents will show a marked improvement in how much it raises and spends on services.
