EARTHWARD
Finance Summary 2007
Turn your vision earthward -
'Tis we must lend
a hand.
Incorporation and Tax Exemption Notice:
Update effective May 31,
2008: We are a nonprofit organization, currently
incorporated
in the US
state of Missouri. EARTHWARD is recognized by the US
Internal Revenue Service as a 501(c)(3) tax exempt charitable
organization, and is thus listed in IRS
Publication 78.
Financial Summary:
This is Earthward's Annual Report of our finances for the year
2007. It was last updated January 2, 2008.
Following are the totals of our income and expenses for the
calendar year 2007, as well as the four year period from 2004 to 2007.
| Facts &
Figures: |
2004-2007 | 2007 |
| Total Revenue | $6,138.54 | $2,982.37 |
| Charitable Disbursements | $4,354.80 | $2,321.80 |
| Other
Expenses * |
$1,352.69 | $488.52 |
| Total Expenses | $5,707.49 | $2,810.32 |
| *
Other Expenses include: Western Union fees, PayPal fees, bank
fees. postage, domain name
registration, filing fees for incorporation, tax-exemption,
etc.
|
||
| % of Revenue Disbursed Charitably | 70.94% | 77.85% |
| Service Expenses Divided by Total Expenses | 76.30% | 82.62% |
The Better Business Bureau, in Guideline 9, states that charities' service (charitable) expenses divided by total expenses should be at least 65 percent. As shown above, EARTHWARD continues to significantly surpass these standards! We continually seek ways to improve our efficiency even further.