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In 2014, eighty-eight per cent of its two-hundred-and-forty-two-million-dollar budget went to projects, and twelve per cent went to overhead, such as fund-raising and management salaries.
At its cherry-picking peak, Amerigroup spent only 48% of Medicaid money on doctors, hospitals and pharmacy bills the state expected Amerigroup to pay out 85%–while the rest went to overhead and profits.
(Of course, if Freddie Mac's $1.6 million went to overhead and such, wouldn't that free up some other $1.6 million for other, more lucrative purposes? Perish the thought!).
One of the biggest criticism over the Red Cross's Haiti response was how much went to overhead; the organization claimed 9% while the investigation found it to be 25%.
Well, I said, "How about Special Olympics?" I knew that for most of each dollar, the highest ratio of money went to the field, to the athletes and programs, and very little went to overhead like buildings, lights, salaries, and stuff like that.
Similar(54)
A lot of it goes to overhead.
But most of that goes to overhead and other costs because the volume is low.
One-third of our medical spending already goes to overhead, much at insurance companies trying not to pay bills.
Eventually, she told me that her revenue for 2010 was "solidly one million" dollars, a portion of which goes to overhead and expenses.
"International AIDS agencies have come with money before and it all goes to overhead and not where it belongs," said Pearl Nswahili, founder of STOP AIDS in Nigeria.
Frederick A. Crawford, chief executive of AlixPartners, a global restructuring firm, said it was now more essential than ever to assess the soundness of a retailer's real estate portfolio, the rate of management turnover, sales per square foot and proportion of a company's cash that is going to overhead.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com