K9’S FOR WARRIORS
Using data as of: December 2016
Rating: HIGHLY RECOMMEND
About
K9’s For Warriors provides and trains service dogs to military veterans who suffer from post-traumatic stress disorder (PTSD) and other traumas. This program trains rescue dogs for service animal work, then veterans from around the country are brought to their facility for a three-week training program where they learn to work with their new dog.
Since its formation in 2011, K9’s For Warriors has paired over 300 dogs with veterans. Additionally, at least 95% of the service dogs come from rescue shelters.
K9’s for Warriors has experienced massive growth and has turned into an incredibly successful nonprofit. Their first year in operation brought in under $700,000 in contributions while the most recent year had more than $11 million in contributions.
More information on K9’s for Warriors can be found here:
https://www.k9sforwarriors.org/
K9’s for Warriors Facebook:
https://www.facebook.com/K9sforWarriors/?rc=p
Our Analysis
Financial information comes from the latest public Form 990 filing.
Financial Overview
K9’s for Warriors brought in $11.1 million in revenue and $4.6 million in expenses according to their latest filing.FINANCIAL INFORMATION
| CURRENT YEAR | |
|---|---|
| Contributions | 10,989,523 |
| Investment Income | 35,378 |
| Other Revenue | 51,204 |
| TOTAL REVENUE | 11,076,105 |
| Salaries & Compensation | 2,194,958 |
| Other Expenses | 2,413,785 |
| TOTAL EXPENSES | 4,608,743 |
| Revenue Minus Expenses | 6,467,362 | Totals may include items not listed above |
| END OF YEAR | |
|---|---|
| Assets | 18,118,148 |
| Liabilities | 463,369 |
| NET ASSETS | 17,654,779 |
| Number of employees | 86 |
| Voting board members | 12 |
Income Sources
Revenue came almost exclusively from outside contributions which totaled $10.99 million, with $3.8 million in non-cash contributions (including $2.1 million in donated property).INCOME SOURCES
| TOTAL REVENUE | |
|---|---|
| Contributions | 10,989,523 |
| Fundraising Events | 12,607 |
| Government Grants | 0 |
| TOTAL | 11,002,130 |
| Goods Sold | 0 |
| TOTAL REVENUE | 11,076,105 | Totals may include items not listed above |
Expenses and Philanthropic Spending
About 81% of their spending went to their mission. We like to see a charity spend at least 75% on their mission, so 81% is reasonable. They have higher fundraising expenses, but they are justified by the amount of revenue it brings in.EXPENSES
| TOTAL EXPENSES | PROGRAM EXPENSES | ADMIN EXPENSES | FUNDRAISING EXPENSES | |
|---|---|---|---|---|
| Total expenses | 4,608,743 | 3,720,835 | 351,164 | 536,744 |
| Percentage of spending | 80.7% | 7.6% | 11.7% |
Our Conclusion
K9’s For Warriors is a solid organization with a great mission. We give them a HIGHLY RECOMMEND rating.
Contact:
K9’s For Warriors
114 Camp K9 Road
Ponte Vedra, Florida 32081
Phone: (904) 686-1956
K9’s for Warriors Form 990 – Financial Information: LINK
Financial information comes from the latest Form 990 filing. This review is the opinion of Local Philanthropic and is provided for general information purposes only. Please conduct your own due diligence before donating to any nonprofit.