Bottom line is this:
Program Expenses (Percent of the charity's total expenses spent on the programs and services it delivers) - 59.9%
Administrative Expenses - 6%
Fundraising expenses - 34% (All that TV advertising costs a lot of money, after all.)
The Executive Director, Steven Nardizzi, pays himself $473,015, pretty generous for the head of a charity.
So, less than 60% of what they take in goes for the veterans' programs, the top exec makes a lot more than most of the other charity directors, and they seem to claim they do a lot more for veterans than is actually the case.
I heartily suggest that anybody looking for a reputable veteran's charity go out on http://www.charitynavigator.org before you choose.
I personally donate to the Independence Fund and Fisher House Foundation, but check it out for yourselves before you donate to anybody.
I agree that they spend a lot of money fund raising but if they didn't spend that money what do you think that would do to the overall fundraising? It would devastate it.