All About Charity Fair 2016- 12/11/16
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Something I learned a lot on this year compared to others was the charity statistics. Charity statistics is not only how much your charity gets in revenue, but how much the spend on awareness, the program, or the employees. For example on average our charity gives 94 cents of every dollar it makes towards the program. The 6 cents go to overhead which include administrative costs. In addition to that I now know that charities can go over their revenue that year if the have money from previous years to fall back on or use. In 2014 our charity had collected $3,716,755. The spent $3,732,410 on the program and $231,443 on other expenses. They did go over, but if you take a look at the year before that, 2013 you can see the collected $5,648,895. That year they spent $3,679,701 on the program and $210,408 on other expenses. During our annual charity fair I really got to understand how charities use their money.
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