American Tract Society in The News
In 2010, MainStreet.com and the Dallas Morning News reported American Tract Society as the least efficient charity in America citing a rating from Charity Navigator based on 2007 financial data. Using data from ATS’s 2007 federal income tax return, Charity Navigator reported that administrative and management expenses comprised 68% of total expenses and assigned ATS their lowest efficiency rating.
While MainStreet.com recognized that ATS receives income from other sources than contributions (i.e. tract sales), their analysis counted the production cost of the tracts as "administrative and management" expenses. Tract sales are ATS’ primary source of revenue and including these production costs in the calculation of total expenses improves ATS’s organization efficiency as measured by Charity Navigator and more closely aligns ATS with other charities performing similar types of work.
While ATS’ ratio of Management and Administrative expenses to Total Expenses was unusually high in 2007, it should be noted that 2007 was a year in which ATS incurred unusual management expenses related to reorganization. ATS emerged from the reorganization a much leaner and more effective operation as evidenced by the 2008 and 2009 financial data presented in the Organizational Efficiency Table included below.
In December 2010, The Evangelical Council for Financial Accountability (ECFA) announced their accreditation of ATS based on the ECFA Seven Standards of Responsible Stewardship™, including financial accountability, transparency, sound board governance and ethical fund raising.
Read more about this topic: American Tract Society, Mission of American Tract Society
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