This is a bloody disgrace. This comes from Guidestar (guidestar.org/) which is a great source for information. The Form 990 filed annually by not-for-profits shows where the money goes, and the Form 990 is available from Guidestar; its free. Wounded Warrior Project, Inc. Review Wounded Warrior Project, Inc. (WWP) is a registered non-profit organization whose mission is to support and honor veterans. This they accomplish per their website by Raising awareness and enlist the publics aid for the needs of injured service members, Helping injured service members aid and assist each other, and Providing unique, direct programs and services to meet the needs of injured service members. BBB accredited charity and a listed recipient of Combined Federal Campaign (CFC) donations. In FY 2012 reported an income of $154,958,901. A review of their expenses as noted in their 2012 IRS 990 tax return required of non-profits reflects $4,657,084 in Grants to organizations and $871,194 in Grants to individuals. This equates to about 3.5% of total income being expended in directly helping wounded warriors or (through grants) other organizations with similar goals. The following appears to be their overhead expenses for 2012: Compensation, Officers, Directors & Trustees $1,057,997 Other wages $15,415,666 Pension Plan $340,650 Employee Benefits $2,266,457 Payroll Taxes $1,594,740 Legal $499,509 Accounting $131,746 Professional Fund Raising $1,901,169 Advertising & Promotions $146,299 Office Expenses $12,451,303 IT $254,319 Occupancy (rent) $2,490,195 Travel $4,085,509 Depreciation $1,572,823 Insurance $215,654 Outside Services $20,915,404 Meetings and events $9,637,863 Direct Response Service $6,930,429 Promotional Items $4,055,567 All other expenses $3,659,493 Joint Costs (Expense from educational campaign and fund raising solicitation.) $25,576,675 Overhead Expenses $115,199,467.00 The above data was sourced from guidestar.org/. They are a leading source of nonprofit information whose mission is to revolutionize philanthropy by providing information that advances transparency, enables users to make better decisions, and encourages charitable giving. Guidestar is not a charity evaluator or watchdog. They are a 501(c)(3) public charity that collects, organizes, and presents the information in an easy-to-understand format while remaining neutral. An example of this is showing how one charity compares with similar charities (Top Score is 80.0) doing the same type of work as noted below: Charity Score Rating Wounded Warrior Project - FL 54.39 ««« USO of Illinois - IL 58.16 ««« DAV Service Trust - KY 55.36 ««« Hope For The Warriors® - NC 65.58 «««« Navy SEAL Foundation - VA 68.76 «««« See: charitynavigator.org/index.cfm?bay=search.summary&orgid=12842#.UokjeLXTnIV for more data on WWP. Readers are encouraged to use such sources in determining how their donations will be spent before making them.
Posted on: Tue, 04 Mar 2014 06:53:46 +0000
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