Holiday Express is proud of the way we manage and safeguard the generous contributions we receive from individual donors, corporations and other organizations. We manage and report our finances on a fiscal year basis from May 1 to April 30.
While we experienced a 13.3% increase in total revenue last year, cash donations decreased by more than $100,000 or 12%. Non cash, in-kind donations increased by almost $275,000 or 112% thus boosting our total revenue. In-kind donations are a significant resource and are critical to the sustainability of the organization. They expand our resource capability, build relationships and provide opportunities for prospective donors. We allocated 79% of the revenue we received to program service expenses. This percentage exceeds the standard upheld by organizations that monitor the work of charities. Holiday Express also has 1,600 volunteers who gave more than 10,000 hours of their time.
As the pie chart on the left indicates, 41% of our income comes from direct public support (financial donations, grants, foundations) 44% from in-kind contributions (gift bag items/
goods/ services/printing/food/space), 8% performances (concerts), 6% fundraising (special events) and other.
As the pie chart on the right indicates, our money is spent through functional expenses with
78% directed toward program costs, (goods and services to fulfill our mission – gift bags, transportation, sound, food, scholarships, warehouse space), 11% fundraising costs (special events, campaigns, development) and 10% management and general costs (administrative, technology, insurance, supplies, utilities, accounting)
Our audited financial statements and IRS Form 990 are available below.
Financial Year 2010 Combined Financial Statements
Financial Year 2010 IRS Form 990
Financial Year 2009 Combined Financial Statements
Financial Year 2009 IRS Form 990
Financial Year 2008 Combined Financial Statements
Financial Year 2008 IRS Form 990
We place a high priority on being faithful stewards of our revenue.
We believe in transparency, accountability and accuracy.
| Fiscal Year | 2010 |
2009 |
2008 |
| Total Revenue | 1,133,032 |
977,847 |
1,559,099 |
| Total Expenses | 1,098,346 |
1,133,337 |
1,527,312 |