It is good that there are more organizations in this important area. However, it seems very strange which outcomes they list.
Let's put it this way: I don't care about how many people are dying of malaria. I just don't. What I do care about is people dying, or suffering, of anything. That is why I find the attitude of AidGrade to be (almost) completely useless. The outcome I care about is maximizing QALYs, or maybe some other similar measure, and I actually don't care about the listed outcomes at all, except for as much as optimizing on them may help people not suffer and die. Basically, AidGrade tries to help with our instrumental goals, and that is well and fine, but in the end what we are trying to optimize are our terminal goals, and AidGrade doesn't help at that at all.
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Good point! But having too many charity effectiveness evaluators might be bad ("who evaluates the charity evaluators?"). Not that I think this is likely to be a problem.
Case in point: Charity Navigator, which places unreasonable importance on irrelevant statistics like administrative overhead. There are already charity effectiveness evaluators out there that are doing counter-productive work.
Personally, I think adding another good charity evaluator to the mix as competition to GiveWell/Giving What We Can is important to the overall health of the optimal philanthropy movement.