21. The Seneca Children’s Fund (SFC) is a local charity that runs a summer camp for
disadvantaged children. The fund’s board of directors has been working very hard
over recent years to decrease the amount of overhead expenses; a major factor is
how charities are rated by independent agencies. The following data show the
percentage of the money SCF has raised that were spent on administrative and fund-
raising expenses for 2003-2009.
Year Period (t) Expense (%)
2003 1 13.9
2004 2 12.2
2005 3 10.5
2006 4 10.4
2007 5 11.5
2008 6 10.0
2009 7 8.5
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