CharityWatch REPORT
Issued April 2016

CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.

Any time an Analysts' Note refers to a charity's Audited Financial Statements or IRS tax form, CharityWatch encourages interested donors to obtain a copy of the referenced documents so that they may view the information in context. Please contact the charity directly to request a copy of any referenced document. Charity tax forms and audits may also be obtained from a number of online databases. For a list of sources, please visit our LINKS page.

CharityWatch's rating of the Clinton Foundation is based on the Foundation's audited consolidated financial statements, which also include the accounts of the Clinton Health Access Initiative (CHAI) and William J. Clinton Insamlingsstiftelse (Clinton Foundation Sweden), which respectively operate as separate legal non-profit entities.
According to the Clinton Foundation consolidated audit of December 31, 2014 (Note 1, In-kind Contributions), the Foundation reports receiving "in-kind contributions from various donors" valued at $2,236,108 in 2014.

[Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found by clicking on "About CharityWatch" from the navigation bar and then clicking on "Criteria & Methodology".]

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