The beauty of GoFundMe is that it allows campaign organizers to invite others to take part in their story. Just as we share parts of our lives on Facebook, we also want to share our dreams, pursuits, celebrations and challenges online with crowdfunding. People will always be eager to support others they care about. GoFundMe removes the physical barriers traditionally associated with receiving financial support from the people in our lives.
GoFundMe operates on only a 5% fee deducted from each donation received. Very few organizations
can claim they help as many people on such a small percentage of gross payment volume.
While GoFundMe is a for-profit company, let's see how our operating costs measure up against
some famous charities dedicated to helping others:
Red Cross (7.7%),
Susan G. Koman for the Cure (17.8%)
Wounded Warrior Project (41.9%).
In short, GoFundMe is an incredibly efficient and effective way to provide financial support to those you care about most. Not only can donors give in an extremely targeted way, but more money goes directly to the intended recipients than other organizations can claim.
GoFundMe has major operating expenses like any popular internet service including technology, infrastructure, payroll and benefits for our dedicated team of employees. We have purposely created a business model that allows users to sign up and launch their campaign for free. Visitors to our users' campaigns are greeted with a frustration-free giving experience, void of advertisements and other distractions - helping our users raise even more money.
With hundreds-of-thousands of campaigns, it's not feasible for GoFundMe to investigate the claims stated by each campaign organizer. Rather, we provide visitors with the tools to make an informed decision as to who they choose to support. While GoFundMe and its payment partners do provide a number of safeguards to deter fraud, we must insist that visitors follow the advice stated on each and every campaign. "Only donate to people you personally know & trust." For more information, please visit: http://www.gofundme.com/safety
The top 5 areas of usage on GoFundMe are 1) Medical 2) Educational 3) Volunteerism 4) Personal Emergencies and 5) Sports & Teams. That said, the categories listed on our homepage reflect how GoFundMe is used to cover the costs associated with the 'long-tail' of everyday life.