This is leading the news over at the Center for Consumer Freedom today:

HSUS Earns an “F” For Effort

You might recall how we reported in January that the charity watchdogs at the American Institute of Philanthropy (AIP) gave the animal-rights Humane Society of the United States (HSUS) a “C-minus” grade based on the organization’s inefficient use of funds. AIP recently released its new grades for March and April, and to no one’s surprise, HSUS still earns a C-minus (as does the Fund for Animals, which merged with HSUS in 2005). It’s no shocker because while less than one percent of HSUS’s funds go to pet shelters and HSUS has racked up atrocious fundraising records, the charity's executives have socked millions of dollars away in pension plans.

Last week a second nonprofit watchdog, Charity Navigator, caught the scent of the money trail at HSUS and downgraded its ranking of the animal rights group. Charity Navigator gave HSUS’s organizational efficiency just one star, reflecting its high fundraising costs that, in turn, result in less money being spent on actual programs. And HSUS’s international arm, Humane Society International, got just one star overall.

CCF also has a press release circulating today about HSUS's big Charity Navigator debacle.