People always talk about WW but as has been noted they are not that good, and thats's not just because of their politics. I prefer to donate to the DAV (Disabled American Veterans).
"Wounded Warrior Project says 80 percent of their money is spent on programs for veterans. That's because they include some promotional items, direct response advertising, and shipping and postage costs.
Take that out, and the figures look more like what charity watchdogs say -- that only 54 to 60 percent of donations go to help wounded service members."
"But CharityWatch president and founder Daniel Borochoff said his biggest concern is the group is sitting on a $248 million surplus -- and that not enough of it is being spent on veterans."
"I, however, place economy among the first and most important republican virtues, and public debt as the greatest of the dangers to be feared." Thomas Jefferson
Posts: 1562 | Location: Hartford, AL | Registered: April 05, 2007
I was hoping the March '16 firing of executives for lavish spending signaled the board of directors was serious about fixing this broken charity. According to Charity Navigator, they've made progress and their Feb '17 rating was 90.49 vs their June '16 rating of 82.10.
However, they have a long way to go to be as good as DAV. DAV has a 15% program expense growth vs WW's 55.7%, 96.1% of DAV's raised funds go to program vs WW's 75.1%, and DAV's CEO has a $0 salary vs WW's outrageous $431k (national non-profit average is for charity based in the Northeast is $157k)
Ego is the anesthesia that deadens the pain of stupidity
DISCLAIMER: These are the author's own personal views and do not represent the views of the author's employer.
Posts: 24020 | Location: Northern Suburbs of Houston | Registered: November 14, 2005
The govt needs to redefine non-profits, and charities to the public. These organizations are in-fact corporations, only their surplus revenue goes to the title cause, everything else is retained for overhead and operating costs. If their parties, events or, licensing campaigns become too excessive, than the grants which are the entire reason for their existence, dry-up...meanwhile, their employees and executives still get paid.
Posts: 15241 | Location: Wine Country | Registered: September 20, 2000
