OUR FINANCIALS

We LOVE Transparency.

We do everything we can to be completely transparent about how we work and how we spend the money we raise. You want your donations to make a real difference on the ground, and we want that too.

So let’s start with our financials. Here’s a general breakdown of how we spend the money we raise. Then check out our annual financial reports for a more detailed rundown.

WHERE DOES YOUR MONEY GO?

income2

70% PROGRAM EXPENSES

Things like school materials, salaries for program staff, books, bags and building materials and scholarships.

18% FUNDRAISING

Things like marketing, salaries for fundraising staff, our ambassador program, online fundraising platform, dresses and posters.

12% ADMINISTRATION

Things like public liability insurance, printing, stationery, merchant fees and a proportion of salaries.

FINANCIAL REPORTS

2010 Annual Report
Director’s report on our 2010 activities, plus some fancy pants financials.

2011 Annual Report
Director’s report on our 2011 activities, plus some sexy numbers for you.

2012 Annual Report
This reports on our 2012 adventures, plus the numbers for you!

2013 Annual Report
The Directors report on our 2013 activities along with all the figures.

2014 Annual Report
More financials and messages from our auditors and directors!

2015 Annual Report
Even more financials and numbers from the year that was.

2016 Annual Report
The latest audit report from our biggest year yet.

We run on a Jan – Dec financial year. Our audited accounts are released between April and June the following year.

If you have any questions regarding the documents on this page, please contact Alli at [email protected]

WE ALSO CREATE ANNUAL REPORTS.

But clickable ones (Ooh!). Check out our 2016 Year In Review to learn how we reached over 5,700 women and girls through our education projects last year.

A NOTE ON ADMIN COSTS.

For a lot of people, “charity admin costs” are a bit of a touchy subject. People don’t necessarily jump for joy when they hear about non profits spending money on administration and operating costs.

And we get that. If you donate to a cause you want your money to support that cause. But this is an area that’s a bit more complex than it seems – and there’s plenty of myths and misinformation out there that muddy the water.

So we’ve included links to a couple of blog posts that go into detail below. But here’s what it comes down to:

Non-profits, like any other business, need to spend money to grow and thrive. People need to be paid. Our Co-Founders worked for 3 years full-time without a salary and it simply wasn’t sustainable. Landlords and electricity companies only talk in dollars. Financial audits and insurance policies are vital to our operation, and they require money too.

Of course we get INCREDIBLE support from printers, videographers, copywriters, graphic designers, PR firms, website companies, and more – all who discount or donate their services. And we have an amazing team of volunteers who give their time and skills to help make the magic happen.

But if something is important and we have to pay – we pay. And most of the time – the investment pays back tenfold in the interest and support we generate.

If you want to explore this more, have a look at these blog posts and the brilliant TED talk with them. And if you think you or your business could help us save on some costs, we’d love to chat to you!

How many cents in the dollar actually go to helping the girls you work with?

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dan-pallotta

TED Talk: The way we think about charity is dead wrong | Dan Pallotta

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Magbafth-Scholars

3 Secrets you’ve never been told about Charity Administration Costs

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