Page 5 - 2016 HVAF Annual Report
P. 5
87 cents*
of every dollar goes directly to programs that impact the lives of the homeless
Revenue & Support
VA Grant & Per Diem Revenue United Way (Including SSVF Funding) Contributions & Charitable Events Other Grant Revenue
Program Fees & Other Revenue
Total Revenue and Support
Released from Restrictions
Operating Expenses
Programs and Client Services General and Administrative Fundraising
Total Operating Expenses
2015 Net Increase of Cash
Decrease in Unrestricted Net Assets
$2,718,028 $1,706,342 $327,080
$268,536 $91,708
$5,111,694 $32,852
$4,764,860 $698,403 $1,999
$5,465,263 $(65,857) $(354,892)
- 87% 13%
* This represents a 3-cent reduction from the 2015 Donor Report. The increase in administrative costs in 2016 is due to newly-added employee benefits and IT upgrades.
* The United Way of Central Indiana standard is 10-30% administrative cost. * Charity Watch suggests up to 25% as a reasonable administrative cost.
* We expect this ratio to increase back up to 90 cents (or better) as a result of increased program funding generated by the newly-hired development officer.
