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September 29, 2011

Only 8% of YOUR donation actually goes to a VET!! 8 cents of every dollar you donate. The bulk goes to for profit companies. I received a call soliciting a donation for this organization. After listening to their pitch I agreed to send a donation after I reviewed their Form 990. For 2009 they reported $5.9 Million in grants & contributions (pg 1line 8). They spent $3.2 Million on fundraising to ONE firm (pg 8 section B 1A). That's 54% of their total donations. They spent another $1.7 Million on collectors and billers. OUT OF ALL THAT CASH THEY BROUGHT IN ONLY $500,000 (1/2 a million) WAS ACTUALLY SPENT ON VETS!!!! That's 8% if you are keeping track. Make your own decision; but these guys are NOT getting my support.

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