The April/May charity guide of the American Institute of Philanthropy/CharityWatch is out—and HSUS once again earns an “unsatisfactory” grade of “D.” Even PETA isn’t that low (C+). HSUS has now earned a “D” grade for almost two years.

CharityWatch finds that HSUS spends as little as 50 percent of its budget on actual programs—meaning up to half of HSUS’s budget is reserved for overhead costs like tens of millions spent on fundraising.

CharityWatch also finds Read more