[JohnFen]

I don't do a deep dive into financials, no. I focus more on the smaller operations that don't have large budgets or complex finances, so I tend to go by reputation, "smell", and my personal knowledge of the people running the operation. Part of the reason why I want to see them providing tangible services (and why I don't want to see a lot of money being spent on fundraising) is so that I can see that at least a significant amount of the money is going toward their purpose.

I'm talking things like free clinics, food banks, etc.

There's certainly a nonzero chance that some of my donations are wasted (in my view), but I've chosen not to worry a huge deal about that. If I spent too much energy on that sort of thing, I wouldn't donate at all.