We’ve changed the time frame for our financial reports. From now, we will publish one for each calendar year instead of covering 12 months from August to July the following year. It seemed a more neat time frame.
Here’s our finances in 2013 (click picture to enlarge)
In 2013, we’ve collected 13,577.47 Euros in donations. Our administrative costs (bank fees, web hosting) amounted to 224,88 Euros, 192 of which were covered by membership fees. This means we’ve spent only 0,02% of all donations on administrative fees!
We paid out 5,956 Euros to our shelter home in Lahore. These funds were used for two photovoltaik systems, two high-end water filters, and a three-months intensive medical training for all the caregivers. 7,829 Euros were carried over as a balance to the next year. In 2014, we’ve used this on the maintenance of the water filters, to buy gas cylinders for cooking, to fill the garden with new soil, and to renovate the bathrooms in the men’s living quarters.
We are very proud to have spent an extremely slight percentage of all donations on administration – just 0,02%! In comparison, Caritas spends up to 10% of its incoming donations on administration, Shelter Now takes 10-20%, and Handicap International 20-35% (Source: DZI).