American Institute of Philanthropy
Helping Donors Give Wisely
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Programs and results
What we aim to solve
As the only independent charity watchdog in the United States, CharityWatch acts as a check against unethical or fraudulent practices at nonprofit organizations. The primary problem we seek to solve is to prevent the nonprofit sector's valuable resources from being siphoned away by unethical fundraisers, highly inefficient or ineffective charities, and others who use nonprofits for personal enrichment. In so doing, we aim to increase the impact of the nonprofit sector on the whole. We achieve this by conducting our own in-depth, independent financial analysis of charity audited financial statements and tax filings, and publishing financial ratios, governance and transparency information, compensation data, and analysts' notes that help donors make more informed giving decisions. We regularly work with investigative journalists throughout the country to aid them in the financial aspects of their reporting on charities. We also act as a check against nonprofit trade associations.
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
Support to Journalists
CharityWatch regularly partners with journalists working nationally, regionally, or locally to contribute financial analysis and other expertise to their investigations into wrongdoing within the nonprofit sector. Journalists investigating charity fraud, misleading marketing/fundraising, diversions of assets, and other wrongdoing at charities are often operating with tiny budgets and limited staff resources. CharityWatch is often the only free resource available to provide them with in-depth analysis and assistance with interpreting nonprofit audited financial statements, IRS tax Forms 990, and fundraising filings. This aspect of CharityWatch's work represents our commitment to serving the public good by contributing time-intensive research and analysis that expands the reach of our work. CharityWatch has provided thoughtful commentary to hundreds of media outlets for over twenty years on wrongdoing at charities and other issues affecting the nonprofit sector. Our recent contributions can be viewed at: https://www.charitywatch.org/about-charitywatch/in-the-news
Charity Rating Guide & Watchdog Report
CharityWatch publishes a biannual Charity Rating Guide & Watchdog Report for donors who lack reliable access to the internet or who otherwise prefer to consume information in a tangible medium. Our Guide contains ratings of hundreds of national charities presented on an easy to understand A+ to F scale, as well as helpful articles on charitable giving, reports on wrongdoing in the nonprofit sector, and tips for identifying efficient and effective charities to support. The Guide also includes a list of Top Twenty-Five Compensation Packages of charity executives, and a list of charities with large asset reserves. The Guide represents a condensed version of CharityWatch's work as published on charitywatch.org.
Nonprofit News
CharityWatch researches, writes, publishes, and distributes articles on charitable giving, tips for giving wisely, wrongdoing in the nonprofit sector, synopses of lawsuits involving charities, and general nonprofit news. We publish these on our website at https://www.charitywatch.org/charity-donating-articles, and select articles in our biannual Charity Rating Guide & Watchdog Report.
Charity Ratings on an "A+" to "F" Scale
CharityWatch works to uncover and report on wrongdoing in the nonprofit sector by conducting in-depth analyses of the audited financial statements, tax forms, fundraising contracts, & other reporting of nonprofits, issuing charity ratings on an "A+" to "F" scale. Unlike most other online sources of charity data that function as quasi-trade associations for charities, CharityWatch fiercely advocates for the interests of the donating public. Our ratings are not derived from algorithms or other largely automated systems that take the reporting of charities at face value without adequate analysis. Charities are not able to "game" the CharityWatch rating system by uploading documents to our website or by simply reporting the same financial activities in different boxes on their tax forms in an attempt to garner favorable ratings. CharityWatch does not charge charities to be rated or for the right to promote their ratings. CharityWatch also works to highlight highly efficient nonprofits by publishing a list of our Top-Rated charities on charitywatch.org/top-rated-charities. Groups included on our Top-Rated list generally spend 75% or more of their cash budgets on programs; spend $25 or less to raise each $100 of cash support; do not hold excessive assets in reserve (equal to an adjusted 3 years or more of a charity's annual cash spending); & meet CharityWatch's governance & transparency benchmarks. Along with our "A+" to "F" ratings, CharityWatch also publishes lists of High Asset Charities & Top Compensation Packages of charity executives. Our ratings also include detailed notes compiled by our analysts during our charity evaluations to help donors stay informed by providing context and flagging issues of interest we identify during our rating process. Our Charity Rating Process: https://www.charitywatch.org/our-charity-rating-process Top-Rated Charities: https://www.charitywatch.org/top-rated-charities A-Z List of Charities: https://www.charitywatch.org/charities
Resources For Donors
CharityWatch’s A+ to F ratings are the result of thousands of hours of in-depth analysis of large U.S. charities of national scope or interest, and our quality over quantity approach to rating charities unfortunately means that we can’t rate every nonprofit. We direct donors and journalists to additional resources beyond CharityWatch to help them in their research of charities. These include other charity rating organizations that, like CharityWatch, provide meaningful evaluations of charities and other types of nonprofit organizations; links to state charity regulators and online databases where donors may obtain copies of charities' audited financial statements, tax filings, fundraising contracts, and other filing information; resources for locating information on religious organizations; links to investigations by the FTC and other federal regulators; resources for obtaining statistical data on the nonprofit sector; and links to other organizations that provide data and encourage transparency within the nonprofit sector. https://www.charitywatch.org/resources-for-donors
Where we work
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Canada
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Global
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United States
Photos
Our results
How does this organization measure their results? It's a hard question but an important one.
Number of Investigative Journalists That Received Free, One-on-One Consulting From CharityWatch Financial Analysts or CEO For Published Works
This metric is no longer tracked.Totals By Year
Related Program
Support to Journalists
Type of Metric
Other - describing something else
Context Notes
https://www.charitywatch.org/about-charitywatch/in-the-news
Number of Journalism Schools That Received Free Training & Advice In Formal Q&A Sessions and Presentations
This metric is no longer tracked.Totals By Year
Related Program
Support to Journalists
Type of Metric
Other - describing something else
Number of Nonprofits Added to In-Depth Charity Ratings
This metric is no longer tracked.Totals By Year
Type of Metric
Other - describing something else
Our Sustainable Development Goals
Learn more about Sustainable Development Goals.
Goals & Strategy
Learn about the organization's key goals, strategies, capabilities, and progress.
Charting impact
Four powerful questions that require reflection about what really matters - results.
What is the organization aiming to accomplish?
To research and evaluate the efficiency, accountability, and governance of nonprofit organizations; to educate the public about the importance of wise giving; to inform the public of wasteful or unethical practices of nonprofits and provide recognition to highly effective and ethical charities; to conduct special investigations and evaluations of nonprofits; to expand and redefine our programs periodically to meet the continuing challenge of keeping the donating public informed. CharityWatch researches, writes, publishes, and distributes articles on charitable giving, tips for giving wisely, wrongdoing in the nonprofit sector, synopses of lawsuits involving charities, and general nonprofit news. We publish these on our website and select articles in our biannual paper publication, the Charity Rating Guide & Watchdog Report.
The mission of CharityWatch, a nonprofit charity watchdog and rating organization, is to maximize the effectiveness of every dollar contributed to charity by providing donors with the information they need to make more informed giving decisions.
What are the organization's key strategies for making this happen?
CharityWatch regularly partners with journalists working nationally, regionally, and locally to contribute financial analysis and other expertise to their investigations into wrongdoing within the nonprofit sector. Journalists investigating charity fraud, misleading marketing or fundraising, diversions of assets, and other wrongdoing at charities are often operating with tiny budgets and limited staff resources. CharityWatch is often the only free resource available to provide them with in-depth analysis and assistance with interpreting nonprofit audited financial statements, IRS tax Forms 990, and fundraising filings. CharityWatch has provided thoughtful commentary to hundreds of media outlets for nearly 30 years on wrongdoing at charities and other issues affecting the nonprofit sector.
CharityWatch works to uncover and report on wrongdoing in the nonprofit sector by conducting in-depth analyses of the audited financial statements, tax forms, fundraising contracts, and other reporting of nonprofits, issuing charity ratings on an "A+" to "F" scale. Unlike many other online sources of charity data that function as crowdsourcing websites or quasi-trade associations for charities, CharityWatch is fully committed to advocating for the interests of the donating public. Our ratings are not derived from algorithms or other largely automated systems that take the reporting of charities at face value without adequate analysis. Charities are not able to "game" the CharityWatch rating system by uploading documents to our website or by simply reporting the same financial activities in different boxes on their tax forms in an attempt to garner favorable ratings. CharityWatch is fiercely independent and does not charge charities to be rated or for the right to promote their ratings.
CharityWatch—founded in 1992 as the American Institute of Philanthropy (AIP)—is the only independent charity watchdog in the United States. Charity trade associations issue ratings of charities that are primarily designed to serve the interests of charities, not donors like you. They do this by repeating and/or repackaging charities' self-reported financial and "impact" data, amplifying charities' fundraising and marketing strategies in the process. This can make it more difficult for donors to distinguish between the good charities and the bad ones.
CharityWatch serves only the interests of the donating public—donors just like you. CharityWatch's ratings do not merely repeat what a charity reports about itself in its "impact" reports or tax filings using simplistic or automated formulas. We dive deep into charity audited financial statements, tax filings, state solicitation filings, and other information so we can let you know how efficiently a charity will use your donations to fund the programs you want to support. CharityWatch exposes nonprofit abuses and advocates for your interests as a donor.
How we listen
Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.
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How is your organization using feedback from the people you serve?
To identify bright spots and enhance positive service experiences, To inform the development of new programs/projects, To strengthen relationships with the people we serve, To make fundamental changes to our programs and/or operations, To understand people’s needs and how we can help them achieve their goals,
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Which of the following feedback practices does your organization routinely carry out?
We engage the people who provide feedback in looking for ways we can improve in response, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We look for patterns in feedback based on people’s interactions with us (e.g., site, frequency of service, etc.), We act on the feedback we receive, We tell the people who gave us feedback how we acted on their feedback,
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What challenges does the organization face when collecting feedback?
We don’t have the right technology to collect and aggregate feedback efficiently, It is difficult to find the ongoing funding to support feedback collection, Staff find it hard to prioritize feedback collection and review due to lack of time,
Financials
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- Analyze a variety of pre-calculated financial metrics
- Access beautifully interactive analysis and comparison tools
- Compare nonprofit financials to similar organizations
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Learn more
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Operations
The people, governance practices, and partners that make the organization tick.
Connect with nonprofit leaders
SubscribeBuild relationships with key people who manage and lead nonprofit organizations with GuideStar Pro. Try a low commitment monthly plan today.
- Analyze a variety of pre-calculated financial metrics
- Access beautifully interactive analysis and comparison tools
- Compare nonprofit financials to similar organizations
Want to see how you can enhance your nonprofit research and unlock more insights? Learn More about GuideStar Pro.
Connect with nonprofit leaders
SubscribeBuild relationships with key people who manage and lead nonprofit organizations with GuideStar Pro. Try a low commitment monthly plan today.
- Analyze a variety of pre-calculated financial metrics
- Access beautifully interactive analysis and comparison tools
- Compare nonprofit financials to similar organizations
Want to see how you can enhance your nonprofit research and unlock more insights? Learn More about GuideStar Pro.
American Institute of Philanthropy
Board of directorsas of 10/01/2026
Ray Lay
Golden River, Inc.
Clinton E Berry SECRETARY
Daniel Borochoff
Founder & Former President,The American Institute of Philanthropy
James Vallone
JPMorgan Chase
Ray Lay
Golden River, Inc.
Sheetal Jain ADVISOR
Board leadership practices
GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.
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Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? No -
CEO oversight
Has the board conducted a formal, written assessment of the chief executive within the past year ? No -
Ethics and transparency
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes -
Board composition
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes -
Board performance
Has the board conducted a formal, written self-assessment of its performance within the past three years? No
Organizational demographics
Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.
Leadership
The organization's leader identifies as: