Many Veteran charities stiff Veterans and pocket profits

[RTO]

Studies fault charities for veterans
Some nonprofits shortchange troops, watchdog group says

Americans gave millions of dollars in the past year to veterans charities designed to help troops wounded in Iraq and Afghanistan, but several of the groups spent relatively little money on the wounded, according to a leading watchdog organization and federal tax filings.

Eight veterans charities, including some of the nation's largest, gave less than a third of the money raised to the causes they champion, far below the recommended standard, the American Institute of Philanthropy says in a report. One group passed along 1 cent for every dollar raised, the report says. Another paid its founder and his wife a combined $540,000 in compensation and benefits last year, a Washington Post analysis of tax filings showed.

There are no laws regulating the amount of money charities spend on overhead, fundraising or giving. But the institute's report suggests that 20 of the 29 military charities studied were managing their resources poorly, paying high overhead costs and direct-mail fundraising fees and, in some cases, providing their leaders with six-figure salaries.

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[RogerThat]

ASSHOLES!

[EvilCouch]

Two groups received an A+ rating: Intrepid Fallen Heroes Fund and Fisher House Foundation.

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Of 21 veterans charities reviewed, the AIP gave F's to these: American Ex-Prisoners of War Service Foundation, American Veterans Relief Foundation, AMVETS National Service Foundation, Paralyzed Veterans of America, Military Order of the Purple Heart Service Foundation, Help Hospitalized Veterans, NCOA National Defense Foundation and Vietnow National Headquarters.

These groups got D's: Blinded Veterans Association, Disabled American Veterans, Soldiers Angels, United Spinal Association/Wounded Warrior Project, Veterans of the Vietnam War & The Veterans Coalition, Vietnam Veterans Memorial Fund and World War II Veterans Committee.

A full list of the charities that AIP has researched can be found here.