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.