No Halo News · Sourced development
Independent audit reported that Kids Wish Network spent substantially more on fundraising than on programs in fiscal 2024
Kids Wish Network’s audited statements for the year ending May 31, 2024 reported $10.75 million in support and revenue and $10.86 million in expenses, producing a $104,952 decline in net assets. The charity classified $6.35 million as fundraising expense and $3.58 million as wish-granting and related program expense. Within the program total, direct costs of wishes were $1.24 million. The auditors issued an unmodified opinion, finding that the financial statements were fairly presented in all material respects.
Status matters. This page records a sourced development, not a completed No Halo investigation. An allegation is not a finding. Dismissals, settlements, judgments, corrections and final outcomes remain distinct.
Donor relevance
Why this matters
Fundraising represented the charity’s largest expense category and substantially exceeded reported program spending. The allocation is especially relevant to donors evaluating how much of each contributed dollar supports wish-related services rather than solicitation and direct-mail activity.
Attribution
Who reported or established this
The expense figures were reported by Kids Wish Network management in audited financial statements; Prager Metis CPAs issued the audit opinion.
Evidence limits
What remains unverified
No Halo has not determined whether all functional expense allocations accurately reflect the underlying activities, the number or value of wishes delivered, or the outcomes experienced by children and families. The audit did not find that the statements were materially misstated.
Right of reply
Organization response
No separate public response addressing the fundraising-to-program spending balance was located in the consulted material. The organization’s financial statements classify the expenses as reported, and the auditors issued an unmodified opinion.
Classification
How No Halo records this event
Event type: Audit Finding. Current state: Reported. No Halo preserves the current procedural state rather than treating every mention as a finding.
Published August 4, 2025 · Last verified September 18, 2026. See an error or a later outcome? Submit a correction or right of reply.