2013 Annual Report

2013-Annual-Report

2013-expenditures

2013 Financial Highlights

Shadhika continued to grow in 2013. Together we awarded over $190,000 in grants and raised over $350,000.

  • We are proud to report that our total revenue was over $350,000 – a 70% increase over the previous year.
  • We awarded over $190,000 in grants to grassroots organizations in India working to address gender inequality through girls’ education, economic self-sufficiency, and empowerment.
  • As part of our fundraising efforts, we successfully raised $150,000 to support our grantee, New Light’s, purchase a building to start ‘Khela Ghar’ – a safe house for young boys from the Red Light district in Kolkata who wish to escape the cycle of prostitution and violence against women.
  • 100 percent of our support comes from individual donors. In 2013, we doubled our number of donors with 50% of our donations coming from first-time donors.
  • We continue to secure funds for the future, as demonstrated by a stable net asset position of $136,000 going into 2014.
  • We maintained a low administrative expense ratio of 10%.
  • 90 cents of every dollar raised is spent directly on grant-making activities.
  • Our President and Board served Shadhika in an all-volunteer capacity.
  • In addition to the ‘Mela’ – our traditional fundraising event in Palo Alto, CA, we held events in Portland, OR, Seattle, WA, Berkeley, CA, San Francisco, CA, and Denver, CO.

 

Download our 2013 IRS 990

Download our complete 2013 Annual Report