Size, in terms of staff, would be one measure. Another is their budget: GiveWell’s revenue and expenses were in the area of $2–3 million in 2014; Animal Charity Evaluators’ is about one order of magnitude lower.
Those are both surely factors to take into account in evaluating how neglected something is, but other factors include how important and tractable the work (or the marginal work is). All of this lets you calculate out the value of marginal dollars.
The Fundraising Prospectus 2015 (page 16–17) talks about fundraising £150,000 for the rest of 2015 and 2016 with a stretch goal to add another six months.
Page 17 gives £223,765 as the budget for 2015, which is very roughly $350,000 (depending on how the UK Pound’s swung).
I think they argue somewhere that it’s the result of their ongoing work to a substantial degree and not just very early seed funding or activities
I didn’t find this convincing but I don’t want to press that point: the more basic point is that $350,000 isn’t necessary to cover the most basic operating costs, and some substantial portion of it does indeed go to fund additional marginal activities.
So either they really only fundraised for operating expenses or what they fundraised beyond that isn’t covered by their cost-effectiveness calculation.
You’re exactly right; I’m simply saying it’s the latter. It’s not clear that we disagree!
All of this lets you calculate out the value of marginal dollars.
Yes, I’m optimistic about that in both cases. GiveWell is farther along thanks to so much more prior research and thanks to eight years of operation and scaling up, but then they’re also tackling a superset of what ACE is tackling, so I don’t know if I can compare them on these grounds. Hence I only looked at neglectedness, not the actual marginal cost-effectiveness.
Page 17 gives £223,765 as the budget for 2015, which is very roughly $350,000 (depending on how the UK Pound’s swung).
Oh, thanks, I see now where the number came from!
I’m simply saying it’s the latter.
Hmm, okay. If that’s the case, then I’m less satisfied with the calculations in the Prospectus than I used to be.
Those are both surely factors to take into account in evaluating how neglected something is, but other factors include how important and tractable the work (or the marginal work is). All of this lets you calculate out the value of marginal dollars.
Page 17 gives £223,765 as the budget for 2015, which is very roughly $350,000 (depending on how the UK Pound’s swung).
I didn’t find this convincing but I don’t want to press that point: the more basic point is that $350,000 isn’t necessary to cover the most basic operating costs, and some substantial portion of it does indeed go to fund additional marginal activities.
You’re exactly right; I’m simply saying it’s the latter. It’s not clear that we disagree!
Yes, I’m optimistic about that in both cases. GiveWell is farther along thanks to so much more prior research and thanks to eight years of operation and scaling up, but then they’re also tackling a superset of what ACE is tackling, so I don’t know if I can compare them on these grounds. Hence I only looked at neglectedness, not the actual marginal cost-effectiveness.
Oh, thanks, I see now where the number came from!
Hmm, okay. If that’s the case, then I’m less satisfied with the calculations in the Prospectus than I used to be.