The American Cancer Society (ACS) is accumulating great wealth
in its role as a "charity."
The ACS was given ONE BILLION DOLLAR in donation in 2014 according to Forbes. $935,000,000 to be precise.
According to James Bennett, professor of
economics at George Mason University and recognized authority on
charitable organizations, in 1988 the ACS held a fund balance of over
$400 million with about $69 million of holdings in land, buildings, and
Of that money, the ACS spent only $90 million— 26 percent of its budget— on medical research and programs.
The rest covered "operating expenses," including about 60 percent for generous salaries, pensions, executive benefits, and overhead.
1989, the cash reserves of the ACS were worth more than $700 million.
In 1991, Americans, believing they were contributing to fighting
cancer, gave nearly $350 million to the ACS, 6% more than the
previous year. Most of this money comes from public donations averaging
$3,500, and high-profile fund-raising campaigns.