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.
|According to the National Hemophilia Foundation (NHF) audit of December 31, 2015 (Note 1):|
"The Foundation and other independent organizations (member chapters) actively collaborate in furthering the Foundation's mission throughout the United States. These [audited] financial statements represent only the financial position and activities of the National Hemophilia Foundation and do not include the accounts of the member chapters. On June 23, 2011, five chapters merged with NHF. On February 24, 2014, a sixth chapter was created by the Foundation; consequently, its accounts along with those of the five previously merged chapters are included in the financial statements of NHF as of December 31, 2014. All other chapters continue to operate independently of NHF and thus, are not included in the financial statements of NHF."
The five chapters that merged with NHF in 2011 are the Central Ohio, Idaho, Nevada, Colorado, and Nebraska chapters. The sixth chapter that was created in 2014 is the West Virginia chapter. Given that the financial activities of these six chapters are included in NHF's audited financial statements, they also are included in CharityWatch's rating of National Hemophilia Foundation (National Office). Our rating does not include all of the other chapters that operate independently of NHF.
|According to the National Hemophilia Foundation audit of December 31, 2015 (Note 1):|
"... For the years ended December 31, 2015 and 2014, approximately 50% and 40% of the Foundation's total support and revenue were provided by three and two pharmaceutical companies, respectively..."