In companies I've been in, insider trading windows close because there's been a certain amount of time since the last report. So less frequent reports = more time for insider to know things that aren't public yet = more time unable to trade, not less.
"only 8 cents of every dollar shows up as direct aid and grants"
That's an extremely misleading statement. For instance, a food bank giving away food to a pantry does not count as "direct aid and grants" (at least, if they're defining that as "Grants and other assistance to domestic individuals." from the I-990" ). The salary for the warehouse worker operating the food bank is also not counted in that 92%.
Other cherry-picked statements like "32% of donors trust charities less today than they did five years ago" (not giving the percentage that trust charities more, or any other way to contextualize) make it clear that this is just a hit piece.
I don’t even get the point of this site. They say:
> Most of this spending isn’t waste. Hospitals need staff. Universities need facilities. Even small charities need people to run programs. The problem isn’t intent. It’s that the reporting system was designed to satisfy the IRS, not to show donors where their money went.
The complaint seems to be that the form filed with the IRS has the information the IRS is interested in, not the information whoever made the site wants.
The reality is that I know how the places I donate my money and time to use their money because I’m not relying on their IRS filings to get that information. I would suggest others do the same and donate to places where they understand what the org is doing and where the money is going.
Having a detailed and auditable report of how money is being used is really helpful for creating the understanding you are talking about. That is what accounting is for and why it is so essential to modern life.
The site is obviously just an advertisement for a weird camera surveillance system, but the concern about incomplete accounting is very real. In many places one might want to contribute to non-profit efforts, IRS information isn't even available. In my work in Ecuador, I have seen a lot of fraud, and half-baked charities. Some rich NGOs sometimes walk in on some field trip that donors have paid for, make some statements about all they are going to do and disappear without follow-up. Basically they are just tourists on a free vacation taking publicity photos. There is a specific organization that comes down to build environmentally safe toilets. Not only are these built by young middle class volunteers that know nothing about building anything but their CVs, the communities they are helping don't even need new toilets. The building supplies tend to be repurposed after the volunteers are gone, every single year. I'd like to know if I paid for that. There are seeds of merit in the program, but also unnecessary waste.
Despite negative examples, there are many worthy things that are done, and could be done in the region. Northern money can go very far in the areas I work. It can do a lot to not just improve but transform people's lives. So you suggest that an answer to money misuse is to have personal experience with any organization you donate to. How many people who have the money are going to spend any real time in Amazonian Ecuador? They aren't there now. What is going to change? Since there are few people with money who can be personally involved, does that mean that no effort should be made to better people's lives there? Obviously, that is what accounting is for. I think the article is absolutely right about that. I find their solution to be creepy and invasive. Maybe just having better auditing and reporting standards makes more sense than pointing cameras at hospital patients, but what do I know?
In a similar vein if anyone thinks this is an incorrect viewpoint (it’s not):
For every combat soldier in the Pacific Theater in WWII there were roughly 4.3 support soldiers. I don’t think anyone questions the fact you needed all those people for support and not direct action.
Fair point. I updated the article. The 7.7% is the "Grants and other assistance" line on the 990, and it applies to the $500B charitable nonprofit portion, not the full $3T. A food bank distributing food shows up under program expenses, not grants. The original framing was too easy to misread.
The bigger issue is that even the program expenses line doesn't tell you whether the program worked. A food bank spending $2M on operations could be feeding 50,000 people or 5,000. The form doesn't say.
That’s not a misleading statement for what they’re trying to say.
They wouldn’t disagree with what you say. The point they’re making is we don’t know. Maybe 92% of the remaining money is being spent usefully towards programs and 0% as overhead. Or maybe 0% usefully and 92% as overhead.
The IRS disclosure requirements are not sufficient to know. And yet we will give those donating to both organizations the same tax breaks.
The argument is to increase disclosure requirements for organizations through which so much money is passing so that we have a better idea as to how nether those tax breaks we’re giving are actually giving us any value in return.
The problem is there is no guarantee the warehouse worker at a food bank is doing anything of value. So we can’t assume such things are productive without direct evidence.
I think the material point of HN User Yuliyp's comment is that the organization claiming to be providing us with "Charity Sense", for some reason is not providing us all of the data we need to make sense of charities. Even worse, it seems to be deliberately disingenuous in presenting the data it does give us.
At least provide explanations of why certain things are included or excluded from the numbers they're presenting. Why are hospitals and universities lumped in with the food bank in the first place for instance? When you remove them, the numbers and percentages radically change. Not only that, it doesn't feel like the average person sees a food bank and a university, or a hospital, (and certainly not a university hospital), as the same sort of "charity". When you start digging deeper into the numbers, it just looks like they were lumped in to make the less resourced charities like food banks look bad.
Maybe there was some other reason they had for using this amalgamation? But they should be forthcoming with what that reason was.
If you’re making sense of something you need to include everything in that category.
It’s perfectly reasonable to create different subdivisions / buckets based your own definitions or NTEE code etc, but all those sub categories combined must add up to the same thing as how charities are defined.
The question was not why did the IRS amalgamate those organizations.
The question was why did Charity Sense amalgamate those organizations.
What value is it adding if it does nothing other than report data we could get from the IRS in any case? Saying, "Hey man, we just re-post the data we get from the IRS." Is the same thing as saying, "We didn't really do any analysis."
Yes, non-profits is a superset of "charitable non-profits". The IRS puts all 501(c)(3) organizations under the same filing framework. Hospitals and universities are in there alongside food banks and shelters. Breaking them out by NTEE code gives a more granular picture is a great idea.
501(c)(3) is just one of 29 types of non profits defined by the IRS. Many non-profits aren’t charities and some of them can even distribute profits.
501(c)(7) IE non profit social club for example could be just about anything from knitting circle to a S&M sex club. Have that club buy property and then at some point in the future sell that property at a profit which is then distributed to those members.
None of what they're pledging is much of a change from how they've already been operating:
- They already invest in new power plants and connection infrastructure when they bring in new datacenters
- Electricity for datacenters is based on capacity rather than actual usage
- They already have backup generators at most datacenters that they can run during outages. It wouldn't be much work to allow those to feed power back into the grid in extraordinary circumstances
- They generally use local contractors to build them for practicality purposes anyway.
That's because they are slowpokes and maniacs: In a decently flowing road, the majority of distinct cars you see are either moving significantly faster or slower than you (and the more extreme the difference the more likely you are to see them). Of cars that go at a similar speed to you, they approach you / you approach them more slowly so you'll see fewer of them.
Easily. Going from 700 -> 1000 ft spacing adds 150 feet of walking (x2 for both sides of the trip). That's about 1 minute. Over a mile you'd reduce the number of stops by 2.2. So above 2 miles it's faster even for the lower end of that range of savings.
And that doesn't even consider that a faster bus route means you need fewer buses to run the same number of trips, so you can either run more trips (and save even more time for riders waiting for their bus) or cut down costs for the transit operator.
Of the ones that I know something about, almost each one is a stretch to call a lie, or just downright misleading.
- 'Internal document stating the goal for Meta to be the most relevant social products for kids worldwide. To do so, Meta will focus on “each youth life stage, ‘Kid’ (6-10), ‘Tween’ (10-13), and ‘Teen’ 13+.’"' for instance is talking about a slide deck for Messenger Kids, which was an explicit focus on building something that was COPPA-compliant and independent of the main Facebook/IG/Messenger products. It's not at all inconsistent with the claim of not allowing people under 13 on the main sites.
- In the rebuttal to "We are on the side of parents everywhere working hard to raise their kids” they cherry pick a quote talking about the audience problem: having a social graph full of both peers and family on the same site means that live streaming things for friends will obviously ruin the experience, so figuring out a way around that would indeed be a critical requirement for a live streaming feature. Giving teens a way to interact with friends outside of parental supervision is not inconsistent with wanting to help parents.
I don't like Facebook. Heck, I left a job there partially because I disagreed with the product decisions and evolution. But I trust this article way less than I trust Mark Zuckerberg.
The change was when the nonprofit went from being the parent of the company building the thing to just being this separate entity that happens to own a lot of stock of the (now for-profit) OpenAI company that builds. So the nonprofit itself is no longer concerned with the building of AGI, but just supporting society's adoption of AGI.
That's already the case (irrespective of residential proxies) because content only serves as bait for someone to hand over personal information (during signup/login) and then engage with ads.
Proxies actually help with that by facilitating mass account registration and scraping of the content without wasting a human's time "engaging" with ads.
Amazon.com now only shows you a few reviews. To see the rest you must login. Social media websites have long gated the carrots behind a login. Anandtech just took their ball and went home by going offline.
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