National Veterans Foundation

CharityWatch is unable to provide a rating for National Veterans Foundation (the Organization) based on its fiscal year ended 12/31/2023 due to the charity's small size.  

According to its 2023 IRS Form 990 and audited financial statements for the fiscal year ended December 31, 2023, the Organization raised $738,727 in cash contributions and spent $824,867 in total cash expenses in 2023 after adjusting out non-cash / in-kind goods expensed during the year (IRS Form 990, Part IX, Statement of Functional Expenses, line 24a). 

The financial reporting of small charities is often not comparable to that of larger ones due to Economies of Scale. See below:

Economies of Scale

Economies of scale occur when the size of an organization's operations allow it to operate more efficiently. As an organization grows it costs it less (per unit) to produce its goods or services due to its overhead and other fixed costs being spread over a larger volume of output. For example, a small charity that serves 500 poor people per year may need to pay $8,000 for its annual financial audit. A larger charity that serves 3,000 poor people per year may need to pay $10,000 for its annual financial audit. The first charity spent $16 per person served for the overhead cost of its audit, while the second spent far less at only $3.33 per person served. Charity rating methods suitable for larger organizations often cannot be fairly applied to much smaller charities given that the latter lack the economies of scale necessary to operate at the same level of efficiency. Small charities that assist underserved populations, that are fulfilling an unmet need, or that are new or in the process of scaling up to a larger size may still be worthy of donors' support despite CharityWatch's inability to rate them due to this comparability issue.