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the large number by itself is not an issue – the real issue is how they spend it, and what do they keep in the bank. there are so many large non-profits with tens of millions of dollars in cash reserves. and when i ask what is it for, the usual reply i get is “it’s for a rainy day.” so, all during covid they are raising funds and i say to them it is raining, use your cash that you have, and well, they don’t agree, etc. sad.
yes, rocky, you are very correct. many claim a religious exemption from having to file their tax returns publicly. transparency should be a cornerstone of honesty – there should be nothing to hide.
in general, small is good — in my 25+ years of researching non-profits in the states and in israel, 90% of those that get my approval have annual budgets of under $1,000,000 (4,000,000nis) a year. most have much much less. it seems that the larger an operation grows, the less efficient it becomes.
i do this for a living and am happy to help – free consulting! you can find me on facebook (messenger) arnie draiman or via my website draiman consulting. i tried to post a link, but i don’t see it went through. i have written on this topic in the jewish press and in many other places.