Problem:
Jasmine's Lacrosse Nonprofit reported $5,127,571 in Total Expenses; $848,023 in Fundraising Expenses; $3,805,699 in Program Expenses; and $473,849 in Management and General Expenses. What is the organization's program spending ratio (Program Expenses ÷ Total Expenses) and how should they respond? Question Select one: A. 34.7%, the nonprofit meets or exceeds the recommended levels and should take no corrective action. B. 74.2%, the organization is below the recommended level and should lower program expenses. C. 134.7%, the nonprofit is spending too much money and needs to lower program expenses. D. 74.2%, the organization meets or exceeds the recommended levels and should take no corrective action. E. 100%, the nonprofit is far from the recommended levels and must reduce its program expenses.