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Schmidt's creation, GuideStar.org has grown into the nation's premier nonprofit database, offering financial information on more than 850,000 organizations. With GuideStar feeding the search engines of such major giving sites as JustGive.org and the Fidelity Charitable Gift Fund, it's small wonder grant seekers are trying to shape up their balance sheets. Schmidt has already noticed fewer math errors. And many groups have transformed their self-descriptions on the heavily scrutinized tax forms from terse one-liners to polished donation pitches...

Author: /time Magazine | Title: Where Does Your Gift Go? | 11/5/2001 | See Source »

Broader than it is deep, GuideStar's free database doesn't exactly allow visitors to run their own audit, but it enables analysts to compare charities with their counterparts and helps the IRS develop profiles of tax-exempt organizations that could be up to no good. One red flag: more than a fourth of the 990s submitted in 1997 and 1998 reported zero fund-raising costs, as unlikely as money growing on trees...

Author: /time Magazine | Title: Where Does Your Gift Go? | 11/5/2001 | See Source »

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