Charities

Based on its 2020 tax return, K9s for Warriors has net assets equal to 3.25 times its $9.6 annual budget. 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 3 years of the group’s… Read More

Based on its 2020 tax return, we calculate that Maine Veterans’ Homes spent 90.1 percent of its $101.3 million budget on programs and 9.9 percent on overhead. This meets our recommendation that a charity spend 75 percent of its budget on programs. We did not detect any issues with Maine… Read More

Based on its 2020 tax return, we calculate that the Marine Corps Scholarship Foundation spent 33.8 percent of its $14.8 million budget on overhead. This is higher than our recommended 25 percent overhead spending. Additionally, the net assets of the Marine Corps Scholarship Foundation equal 7.88 times its annual budget. Read More

Based on its 2020 tax return, we calculate that Midwest Shelter for Homeless Veterans Inc spent 79.9 percent of its $2.8 million budget on programs and about 20.1 percent on overhead. This meets our recommendation that a charity spend 75 percent of its budget on programs. We did not detect… Read More