Accused Scammers: Another Large Veteran's Charity
- Published: Saturday, 11 August 2012 12:09
11 August 2012
Government and private watchdogs are on the heels of another large charity. The charity Help Hospitalized Veterans is accused of scamming millions. One of those watchdogs, Charity Navigator, similarly outed Soldiers' Angels with a 1-star financial rating in 2012.
Many reports and statements are unfolding in the media, such as:
"At the same time, it has ranked for more than a decade at the bottom of lists by watchdog groups that rate nonprofit organizations based on their financial management and abilities to use most of their donations toward their causes. CharityWatch says about 35 percent of Help Hospitalized Veterans' funds go toward programs to aid veterans. The recommended standard is about 65 percent."
"According to Charity Navigator, a third of the 50 military veterans charities it evaluates rate poorly and 20 percent either got a zero for their financial management or a "donor advisory" tag, which indicates the organizations are being investigated by authorities.
"That compares to 2 percent for other kinds of charities, said Ken Berger, the president of the Washington-based group that evaluates 5,500 charities."