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$6 Million of Hair Donations Unaccounted for by Locks of Love Each Year
Read the full report: http://nonprofitinvestor.org/locksoflove
Independent Evaluation firm Nonprofit Investor Rates Locks of Love a "SELL" for Disclosure Inadequacies. Locks of Love is the first "SELL"-rated Organization Amongst 62 Nonprofits Evaluated.
Nonprofit Investor ("NPI") analysis indicates that approximately $6.0 million hair donations are unaccounted for by the charity Locks of Love ("LoL") annually. Each year, Locks of Love makes approximately 300 wigs with the 100,000 hair donations it receives.
NPI is a nonprofit organization with the mission of improving philanthropic capital allocation and nonprofit effectiveness through research and analysis. Of the 62 nonprofits independently reviewed by NPI to date, 35 have received a "BUY" rating, demonstrating clear impact with a high degree of transparency. 26 nonprofits have been rated "NEUTRAL", receiving suggestions on how to improve operations or transparency. NPI's first "SELL" rating raises serious questions about Locks of Love's operations and finances.