This is the time of the year when many of us feel charitable. We not only give gifts to our family members but give a gift to the gardener, the people who clean our house, the hairdresser, and some of the charities begging for help on television.
The Wounded Warrior Project seems to advertise frequently on CNN. A few years ago CNN provided some damaging data about many charities. They identified Charity Navigator (charitynavigator.org) as a good source to obtain evaluations of charities and how much of the money collected actually goes to the intended needy. The Wounded Warrior Project earned 3 out of 5 stars. Only 70.5% of the money raised actually went to the services provided. The former chief executive was paid $575,470 annually but the report say the current chief executive receives no pay. Charity Watch, another organization identified by CNN as a charity evaluator, (charitywatch.org) says The Wounded Warrior Project spend only 61% of the money collected on the needy victims. Charity Watch gives The Wounded Warrior Project a C+.
I donate money to six charities and have carefully considered their performance. You should too!
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