GLEN ROCK, N.J., October 3, 2013 –The typical charity’s chief executive officer received a 2.5% raise and received $125,942 in compensation, according to Charity Navigator, the nation’s leading charity evaluator and donor advocate.
The study examined CEO compensation at 3,929 mid to large sized charities in America to help donors, policymakers, charity Boards and others understand how leadership pay varies by the charity’s location, size and mission. Findings from the report include:
“Given our research, which show that the typical charity CEO earns just $125,000, we do not believe that salaries approaching a million dollars or more are needed to attract bright, able, and committed candidates to positions of nonprofit leadership. As such, we agree that donors should continue to be skeptical of charities that pay salaries hovering near or above one million dollars, but that they not discount organizations where the leader's pay is in the low six figures,” said Charity Navigator, president & CEO, Ken Berger.
CEO pay includes salary, cash bonuses and expense accounts, but not contributions to benefit plans or deferred compensation that is allocated to be paid in later years. The data for this report was gathered from the charities’ Forms 990 (annual informational tax filing) for the fiscal year ending 2011.
About Charity Navigator (www.charitynavigator.org)
Charity Navigator is the most-utilized charity evaluator in America. The organization helps guide intelligent giving by evaluating the Financial Health, Accountability andTransparency of nearly 7,000 charities. Charity Navigator accepts no advertising or donations from the organizations it evaluates, ensuring unbiased evaluations, nor does it charge the public for this trusted data. As a result, Charity Navigator, a non-profit 501 (c) (3) charity itself, depends on support from individuals, corporations and foundations that believe it provides a much-needed service to America's charitable givers. Charity Navigator, can be reached directly by telephone at (201) 818-1288, or by mail at 139 Harristown Road, Suite 101, Glen Rock, N.J., 07452.
To access the complete study, including tips to help donors evaluate CEO pay, visit: http://www.charitynavigator.org/ceostudy