Summarized financial results for fiscal years 2004-05 and 2005-06
|
Particulars
|
FY
2004-05
|
FY
2005-06
|
|
|
$ %
|
$
%
|
Income and Expenses
|
|
|
|
Income
|
752,812
100.00
|
709,901
100.00
|
|
Contributions
|
742,746
|
737,238
|
|
Special Events - net income
|
9,514
|
(29,943)
|
|
Miscellaneous income
|
552
|
2,606
|
|
|
|
|
|
Expense
|
630,573 83.76 |
664,135 93.55 |
|
Program Services
|
558,320
|
593,338 |
|
Scholarship grants
|
521,967
|
554,408 |
|
Program
expenses
|
36,353
|
38,930 |
|
Management and general
|
45,601 |
50,308 |
|
Fund raising
|
26,652
|
20,489
|
|
Net income
|
122,239
16.24
|
45,766
6.45
|
|
|
|
|
Equity
|
|
|
|
Equity at beginning of year
|
39,351
|
161,590
|
|
Net income/(expense) for the year
|
24,018
|
(70,206)
|
|
Equity at end of year
|
161,590
|
207,356
|
|
Note: All program, management and administration and fund raising expenses are funded out a general grant from the founder donor. Accordingly, 100% of the contributions from other donors go towards the provision of scholarship grants.
|
