CharityWatch currently has concerns about this organization and/or is unable to provide complete rating information due to the organization's nondisclosure of financial information. Please see the Analysts' Notes section for a more detailed explanation.
CharityWatch is unable to provide a range of Top Three Salaries for this charity for the above fiscal reporting year because we lack complete salary data for the organization. Except for officers, directors, and trustees, the IRS does not require breakouts of salaries totaling less than $100,000.
For example, XYZ charity would be required to provide a breakout in its tax form of compensation to its president of $55,000, but would not be required to provide a breakout of $99,000 in compensation to its top medical researcher if that person is not also an officer, director, or trustee of the organization.
This charity reports that compensation to its officers, directors, and trustees is under $100,000 per individual. Donors who would like to view limited salary data for this organization should refer to its tax form, which may be available on the charity's web site or from a number of third-party sources. See CharityWatch's Links page for information on obtaining copies of charity tax forms.
CharityWatch has assigned National Veterans Foundation a "?" rating at this time due to our specific concerns about the charity's financial reporting for its fiscal year ended December 31, 2021. Specifically, National Veterans Foundation (NVF) reports that its financial statements for fiscal 2021 were neither compiled, reviewed, nor audited by an independent accountant. (Form 990, Section XII, lines 2a & 2b). For more information about the importance of an audit please read CharityWatch's article here. If NVF publishes an audit of its finances in a future year CharityWatch may reassess our rating of the organization at that time. CharityWatch's historical ratings for National Veterans Foundation include the following: Fiscal Year Ended 2018: Not Ratable due to small size CharityWatch generally applies our methodology and assigns letter grade ratings to charities that take in at least $1 million in public cash contributions and that maintain an annual budget of at least $500,000. In fiscal 2011, NVF took in close to $6.4 million in public cash contributions and spent more than $6.8 million in cash expenses. Since that time NVF has contracted in size, raising less than $232,000 in public contributions and spending less than $580,000 in expenses, according to its IRS Form 990 tax filing for the fiscal year ended 6/30/2018. Fiscal Year Ended 2015: Not Ratable due to small size CharityWatch generally applies our methodology and assigns letter grade ratings to charities that take in at least $1 million in public cash contributions and that maintain an annual budget of at least $500,000. In 2011, NVF took in more than $6 million in public contributions and spent more than $6.8 million in cash expenses. Since that time NVF has contracted in size, raising less than $300,000 in public contributions and spending less than $600,000 in the fiscal year-ended June 30, 2015. |