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Top Rated

Iraq & Afghanistan Veterans of America

CharityWatch report issued
October 2022

Top-Rated Charity
CharityWatch Grade
Our independent grade based
on a number of factors.
Program Percentage
Amount spent on programs
relative to overhead.
Cost to Raise $100
Amount spent to raise
$100 of contributions.

Contact Information

Iraq & Afghanistan Veterans of America
85 Broad Street
16th Floor
New York, NY 10004-2783

Other Names


Tax Status




Stated Mission

To connect, unite, and empower post-9/11 veterans.

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Data based on Fiscal Year Ended 12/31/2021

Program Percentage: 76%

The percentage of Iraq & Afghanistan Veterans of America's cash budget it spends on programs relative to overhead (fundraising, management, and general expenses).


Calculated Total Expenses



Cost to Raise $100: $10

How many dollars Iraq & Afghanistan Veterans of America spends on fundraising to raise each $100 of contributions.


Calculated Total Contributions


Government Funding

0% to 24%

Percentage of cash revenue
coming from government sources


Financial Documents

Entity Document Type Tax ID
Iraq & Afghanistan Veterans of America IRS Form 990 20-1664531
Iraq & Afghanistan Veterans of America Audited Financial Statements 20-1664531
Entity: Iraq & Afghanistan Veterans of America
Document Type: IRS Form 990
Tax ID: 20-1664531
Entity: Iraq & Afghanistan Veterans of America
Document Type: Audited Financial Statements
Tax ID: 20-1664531

Governance & Transparency

CharityWatch evaluates certain criteria related to a charity's Governance and Transparency. Donors may want to consider a charity's willingness to be open and transparent with CharityWatch to be a good litmus test for determining its commitment to public accountability.
This charity is Top-Rated
What does it mean to be Top-Rated?
Iraq & Afghanistan Veterans of America
meets governance benchmarks.
Iraq & Afghanistan Veterans of America
meets transparency benchmarks.
Provides Financial Information
Audit Accessibility
Governance: Policies
Reports regularly & consistently monitoring & enforcing compliance with a written Conflict of Interest Policy
Reports required, annual disclosure by officers, directors, and key staff of interests that could give rise to conflicts
Reports having a written Whistleblower Policy
Reports having a written Document Retention and Destruction Policy
Governance: Financials
Reports providing copy of tax form to all board members prior to filing it with IRS
Reports that financial statements were audited by an independent accountant
Governance: Board of Directors
Reports at least 5 voting board members
51% or more of voting board members reported as independent
Reports documenting minutes of board and board committee meetings
Privacy Policy
Privacy Policy Opt-In Policy  

  Name Title Compensation
1 Jeremy Butler CEO $255,576
2 Sean Christopher Ullman COO $240,041
3 Hannah R. Sinoway Executive VP, Organization Strategy & Engagement $193,860
Name: Jeremy Butler
Title: CEO
Compensation: $255,576
Name: Sean Christopher Ullman
Title: COO
Compensation: $240,041
Name: Hannah R. Sinoway
Title: Executive VP, Organization Strategy & Engagement
Compensation: $193,860

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.

According to the Iraq & Afghanistan Veterans of America (IAVA) audit of December 31, 2021 (Note 4, Pledges and Grants Receivable):

"In 2021 and 2020, approximately 39% and 47% of contributions and special events revenue and support was received from one donor and three donors, respectively."

According to the Iraq & Afghanistan Veterans of America (IAVA) audit of December 31, 2021 (Note 8, Non-cash Donations), IAVA reports receiving non-cash donations described as "Advocacy" in 2021 on which it placed a total value of $20,000.

[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 on the Our Process page.]

According to the Iraq & Afghanistan Veterans of America (IAVA) audit of December 31, 2021 (Note 11, PPP Loan Payable):

"IAVA received a $355,369 Paycheck Protection Program loan (the 'PPP Loan') from the Small Business Administration ('SBA'). The PPP Loan was to mature on May 4, 2022, had an interest rate of 1.0% per annum and no payments were due until November 4, 2020. On May 20, 2021, the PPP Loan and accrued interest of $3,709 were forgiven.

"In March 2021, IAVA received an additional PPP Loan of $353,597. The loan was to mature on March 17, 2026, has an interest rate of 1.0% per annum and no payments were due until July 1, 2022. On October 25, 2021, the PPP Loan and accrued interest of $2,005 were forgiven."

According to the Iraq & Afghanistan Veterans of America (IAVA) audit of December 31, 2021 (Note 13, CARES Act):

"On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (the 'CARES Act') was signed into law. Two provisions of the CARES Act have assisted the Academy's [sic] liquidity position, the employee retention credit and the Paycheck Protection Program (see Note 11 [cited separately, above]).

"The employee retention credit provides employers a refundable federal tax credit equal to 50% of the first $10,000 for calendar year 2020 and 70% of the first $10,000 for each quarter in calendar year 2021 of qualified wages and benefits paid to employees. Contributions to qualified medical plans also constitute creditable amounts. The credit is available to offset all federal employment withholdings owed in a particular quarter including both the employer and employee share of social security, Medicare taxes and withholdings for federal income taxes. To the extent that the credit exceeds employment withholdings, the employer may request a refund of prior taxes paid. IAVA determined that the conditions to qualify for the employee retention credit have been substantially met during the third calendar quarter of 2020 and first calendar quarter of 2021. The IAVA recorded other income for the employee retention credits totaling $84,000 for the year ended December 31, 2021..."

According to the Iraq & Afghanistan Veterans of America (IAVA) audit of December 31, 2021 (Note 12, Risks and Uncertainties):

"IAVA relies heavily on contributions and support from the Board to fund all of its operations. Any changes in the United States political and/or military environment may have a direct result on the IAVA's ability to raise funds.

"IAVA's operations may be affected by the ongoing outbreak of the coronavirus disease 2019 ('COVID-19'), which in March 2020, was declared a pandemic by the World Health Organization. The ultimate disruption which may be caused by the outbreak is uncertain; however, it may result in a material adverse impact on IAVA's financial position, operations, cash flows, and the value of assets, including pledges and grants receivable."

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