Author Archives: vetcharities

Based on its 2023 tax return, we calculate that American Corporate Partners spent 92.2 percent of its $6.5 million budget on programs and 7.8 percent on overhead. This meets our recommendation that a highly recommended charity spend at least 90 percent of its budget on programs. We did not detect… Read More

With Memorial Day approaching, you may start seeing TV and internet ads from CharitiesForVets.org. Unlike so many other commercials for military veterans charities, these bulletins aren’t asking for money. Instead, they provide resources for those who want to donate to others. CharitiesForVets aims to… Read More

Based on its 2022 tax return, we calculate that K9s for Warriors spent 79.6 percent of its $25.8 million budget on programs and 20.4 percent on overhead. This meets our recommendation that a charity spend at least 75 percent of its budget on programs. We did not detect any issues… Read More

Based on its 2023 tax return, we calculate that the Coast Guard Foundation spent 61 percent of its $10.8 million budget on programs and 39 percent on overhead. This is higher than our recommended 25 percent maximum overhead spending. According to the New York Attorney General,… Read More

Based on its 2023 tax return, we calculate that Wounded Warrior Project spent 70.5 percent of its $369.4 million budget on programs and 29.5 percent on overhead. This is higher than our recommended 25 percent maximum overhead spending. Wounded Warrior Project used joint cost accounting for… Read More

Based on its 2023 tax return, we calculate that United States Navy Memorial Foundation spent 72 percent of its $5.8 million budget on programs and 28 percent on overhead. This is higher than our recommended 25 percent maximum overhead spending. United States Navy Memorial Foundation used… Read More

Based on its 2023 tax return, we calculate that Marine Corps Scholarship Foundation spent 66.5 percent of its $19.1 million budget on programs and 33.5 percent on overhead. This is higher than our recommended 25 percent maximum overhead spending. The net assets of Marine Corps Scholarship… Read More

Based on its 2023 tax return, the net assets of the Navy SEAL Foundation equal 4.1 times its annual budget of $33.9 million. This may be an indication that the group is spending too little of its donations on programs. We recommend net assets exceed no more than… Read More

Based on its 2023 tax return, we calculate that Soldiers’ Angels spent 91.0 percent of its $30.7 million budget on programs and 7.6 percent on overhead. This meets our recommendation that a highly recommended charity spend at least 90 percent of its budget on programs. We did not detect any… Read More

Based on its 2023 tax return, Operation Homefront used joint cost accounting for 11 percent of its $43 million budget. While legal, this accounting method can disguise overhead costs as program spending. We recommend that no more than 5 percent of a budget be allocated to joint cost accounting. We… Read More