February, 2011Operation Homefront, the national non-profit that provides emergency financial and other assistance to military families and wounded warriors, announced today that it has received a prestigious "A" rating from the American Institute of Philanthropy (AIP). AIP's ratings are widely considered to be the most stringent in the sector concerning financial stewardship.
"An 'A' rating from the American Institute of Philanthropy tells our supporters – and potential supporters – that a contribution to Operation Homefront is a wise investment," said President & CEO Jim Knotts. "Charitable dollars donated to this organization go right where they belong: to deserving military families and wounded warriors, and to programs that make their lives easier."
Ninety-five percent of Operation Homefront's total revenue goes directly to programs that assist military families and wounded warriors. Financial assistance programs for the families of deployed service members include emergency grants for paying utilities and other bills, car and home repairs, mortgage payments, and food assistance. Three Operation Homefront Villages provide housing for wounded warriors and their families. Operation Homefront also conducts morale programs including school supply and holiday toy drives and events for military spouses.
In the nonprofit world, having 85% of total revenue going to program is considered excellent. Operation Homefront exceeds those expectations with 95% of total revenue going to programs.
AIP rates charitable organizations with a letter grade rating and other statistics on the financial performance after conducting in-depth analyses of audited financial statements, annual reports, IRS Form 990 filings and other data to give consumers a clear picture of how a charitable organization actually uses its funding.
Operation Homefront has been given a four-star (highest) rating from Charity Navigator the past three years, which is an honor achieved by only 13% of rated nonprofits.
About Operation Homefront: Operation Homefront provides emergency financial and other assistance to the families of our service members and wounded warriors. A national nonprofit, Operation Homefront leads more than 4,500 volunteers across 23 chapters and has met more than 267,000 needs since 2002. A four-star rated charity by watchdog Charity Navigator, nationally, 95 percent of total revenue donated to Operation Homefront goes to programs. For more information about Operation Homefront, please visit www.OperationHomefront.net.