Omid-e Punjab has released it’s financial report for 2012-2013. Here’s a quick explanation of the figures:
In 2012, we collected €2.248 ($3.049) in donations and €192 ($260) in membership fees. €1.000 ($1.356) were paid out to the project in Pakistan, €283 ($384) were used to cover the expenses for our website, bank account, and printing leaflets. €1.156 ($1.568) remained as a balance on our bank account. The largest share of the administrative expenses was covered by membership fees. Only 4.1% of all donations were used for administrative purposes.
In 2013, we collected €4.865 ($6.597) in donations and €192 ($260) in membership fees. €5.728 ($7.768) were paid out to our project, only €219 ($297) were used to cover running expenses. €266 remain on our bank account. In 2013, only 1.04% of the incoming donations were used for administrative purposes. About 99% went directly to our project in Pakistan, to the benefit of people who really need it!