I think there are two different questions here: how much is going directly to the beneficiaries, and how much is going specifically for fundraising? I won't fault a cancer or MS charity that is spending its money mostly on research; I would fault one that was spending the majority of its money on fundraising (phone calls, direct mail, etc.). "Staff salaries" at that research charity could be the salary of someone who is evaluating grant applications, or it can be the salary of someone who drafts fundraising letters. Yes, you need some fundraising, but the point should be to raise money to pay doctors or teachers or social workers, not primarily to pay for more fundraising.
Also, if you're spending four times as much evaluating grant applications as you are on research grants (or grants to actual dance companies, or whatever your organization's stated purpose is), there's probably something wrong with your process.