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Ethical Investing
from the November 21, 2005 edition
The 50 largest US charities
The figures in the following chart are largely based on tax reports from fiscal year 2004, which runs from July 2003 to June 2004.
The chart omits certain types of nonprofits, including colleges, universities, private foundations, and financial-service charities such as Fidelity Investments Charitable Gift Fund.
Note: The main reason conservation groups devote such a small percentage of revenue to programs is that the IRS classifies money for land purchases as capital additions, not program expenses.
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