CharityWatch REPORT
Issued October 2015

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 Operation Homefront audit of December 31, 2014 (Note 1):

"... In June of 2012, the Board of the Organization voted to consolidate the 25 individual chapters into one national chapter, with those locations becoming field offices. This allows the Organization to provide emergency financial and other assistance/services to military families and wounded warriors across the United States through its 23 locations serving 43 states."
According to the Operation Homefront audit of December 31, 2014, the Organization received Donated Houses valued at approximately $21.3 million and Donated Goods, Services & Facilities valued at approximately $19.6 million, for a total value of approximately $40.9 million in gifts in-kind received in 2014 (based on the Statement of Activities & Audit Note 8).

[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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