In addition to the criticism raised by others: just look at the new list of 'approved' charities. Holy cow. Talk about ineffective altruism!
Obligatory Links:
https://www.overcomingbias.com/2008/09/politics-isnt-a.html
https://blog.givewell.org/2009/12/14/charity-isnt-about-help...
https://www.amazon.com/The-Elephant-in-Brain-audiobook/dp/B0...