External Audit Info
over 97 percent of each dollar you donate to The River goes directly to people in need!
The following information is condensed from our 2015 GAP audit:
|2015 SUPPORT AND REVENUE||2015 FUNCTIONAL EXPENSES|
|Donated Materials & Services||$3,645,698||Program Services - Food Pantry||$4,228,187|
|General Contributions||$777,625||Program Services - Bakery||$124,512|
|Fundraising Income||$11,225||Management & General||$52,949|
|Total Revenue||$4,435,357||Total Expenses||$4,463,235|
The formula for calculating the overhead ratio for charities as mandated by United Way for their public Combined Federal Campaign is:
[(Management & General) + (Fundraising)] ÷ Total Revenue = Overhead
So doing for The River in 2015 yields a quotient of only 2.5%:
[($52,949 + $57,587) ÷ $4,435,357] =2.5%
This means that 97 percent of each dollar you donate to The River goes directly to people in need, in the form of food and clothing. The full audit report and IRS Form 990 are available by request. Just contact us and ask. Please see our annual report.
Also, please remember that The River is a 501(c) (3) charity, so your donations are 100 percent tax deductible, and there are many convenient ways to give:
- You can mail us your check payable to The River Food Pantry at 2201 Darwin Rd, Madison, WI 53704
- You can make a donation with your credit card online
- You can set up a monthly electronic funds transfer from your savings or checking account
- Use our online form to submit a giving commitment
And thank you!