You always think when they say charity at least 95% goes to the charity cause!
Apparent Criteria>
There isn't a specific percentage that a company must pay to a charity to be classified as a charity itself. Instead, the classification of a charity typically depends on meeting certain legal criteria set by government authorities, which can include:
Purpose: The organization must be established for charitable purposes, such as relief of poverty, advancement of education, or other community benefits.
Non-profit Status: Charities usually must operate on a non-profit basis, meaning that any surplus funds are reinvested into the organization's charitable activities rather than distributed to owners or shareholders.
Registration: Many countries require charities to register with a government body to receive tax-exempt status and to be recognized as a charity.
Transparency and Reporting: Charities may be required to provide financial reports and disclose how funds are used, including how much is allocated to charitable activities versus administrative costs.
If you are asking about corporate donations to charities, some companies may have internal policies or industry standards regarding the percentage of profits they donate, but these are not legally mandated. Always check the specific laws and regulations in your jurisdiction for the most accurate information.
