Quote from: sadpandatech on December 31, 2011, 06:41:21 AM

Quote from: Bitcoin 100 on December 31, 2011, 05:07:58 AM

From Network for Good's website, I've gleaned the following:

100,000+ NONPROFITS COUNT ON US
DONATIONS DISTRIBUTED: $575 MILLION TO DATE!

Then I did the math.

100,000 X $600 = $60,000,000 that Network for Good (good for them) takes in--Minimum, A YEAR!

They have been online for over 10 years, therefore $575,000,000/10 = $57,000,000 a year on average they have collected and dispersed donations to date.

I would be happy with 10%--or less--with that business model in hand.

Note in the image that the charitable organizations still pay that 3% processing fee.

Aye, which means to have received 575mil in donations those charities gave up 17,250,000 just in 3% fees..

craziness

Sorry for the delay in replying, but had to find the right 'Madness' clip: http://www.youtube.com/watch?v=-qR0Uke2XNI (I was hunting for the scene in The Bridge on the River Kwai)