We believe that Jah Works, Inc. is a conduit for moving resources from those who can give them, to those that need them most – and believe our financials should reflect that.
When we found ourselves starting fresh this past year within the non-profit sector AND as a stand-alone organization, we wanted to leverage a solid financial foundation for how much of your generous donations should go towards giving back to others, while still being able to sustain the organization for the long-term.
We decided to track against three goals that Charity Navigator outlines: Program Expenses, Administrative Expenses and Fundraising Expenses. (As an aside, they are a great source for checking the legitimacy of any non-profit organization.)
According to their published metrics, the “best” charities are spending 85% or more of their annual expense towards programs, 15% or less on administrative costs to run the business, and 10% or less on fundraising.
We are happy to report that for Year-End 2017, we were right in line with where Charity Navigator says we should be:
- Program Expenses: $5,822 Total (95.2% of total expense)
- Boardwalk Rebuild: $4,142 See the detail
- Ms. Myrty’s Bathroom: $1,500 See the detail
- Other Donations: $180
- Administrative Expenses: $278 (4.5% of total expense)
- Fundraising Expenses: $19 (0.2% of total expense)
*For full transparency, once it’s submitted we’ll add our 990 form, a filing required by the IRS for all registered 501(c) 3 organizations.
Thank you for trusting us to help those who need it most. We are looking forward to a new year full of connecting people and building sustainable communities!
Wishing you and yours a rewarding 2018.
One Love, Y’all.
