Wounded Warrior Project pledged Monday to conduct a "thorough financial and policy review" in the wake of negative media reports on its spending, The Washington Post writes. The embattled veterans charity said it would retain independent advisers to address concerns raised in CBS News and New York Times investigations, in which former employees detailed alleged lavish spending on parties and conferences and questionable firings.
The nonprofit, one of the nation's largest charities serving former military members, initially pushed back hard against the coverage, demanding a retraction from CBS. But in Monday's statement the charity said it "takes very seriously the concerns that have been raised in recent days." The media attention prompted nonprofit watchdog Charity Navigator—whose estimate that Wounded Warrior Project spends 60 percent of its revenue on mission work appeared in the news reports—to place the group on its "watchlist."
Read a Chronicle of Philanthropy article on how nonprofit experts say Wounded Warrior Project should handle the flap over its finances.