Children, Incorporated meets the 20 Standards for Charity Accountability.
Child Sponsorship
The child sponsorship program assists children in the United States and 22 other countries. Monthly sponsorships of $30 provides an underprivileged child with basic necessities such as food, clothing, healthcare and education. The sponsorship program serves over 10,000 children annually. Volunteers implement the organization's child sponsorship program, which include teachers, social workers, guidance counselors, school principals, and other childcare professionals. All volunteers must submit reports that they appropriately managed CI funds and all project reports are audited by the organization's Richmond, VA, office. The Shared Hope Fund provides for children awaiting sponsorship. Contributions are pooled together and distributed to children in need. Sponsor visitation varies by location, and if visitation is allowed, contact is requested to be made 45 days prior to the planned visit.
Children, Incorporated's (CI) goal is to improve children's lives through greater access to education and basic needs assistance. The organization aims to provide children opportunities to learn skills that will allow for self-sufficiency and become contributing members of their communities. CI partners with existing organizations in each country or area in which the organization works, and those organizations appoint volunteer coordinators to manage and oversee CI's child assistance efforts. CI reports that these partner organizations are not paid by CI for their services; they oversee the organization's child sponsorship and assistance programs in exchange for the benefits that the programs provide to the children enrolled at their centers.
For the year ended June 30, 2019, Children, Incorporated's program expenses were:
| Program expenses |
$3,183,173 |
| Total Program Expenses: |
$3,183,173 |
-
Chief Executive
Ronald H. Carter, President and Chief Executive Officer
-
Compensation*
$79,854
-
Chair of the Board
Elizabeth Collins
-
Chair's Profession / Business Affiliation
Principal Associate, Capital One
-
Board Size
10
-
Paid Staff Size
16
*2018 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Planned giving arrangements
Fundraising costs were 6% of related contributions. (Related contributions, which totaled $3,598,114, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c) (3) of the Internal Revenue Code.It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Children, Incorporated's audited financial statements for the year ended June 30, 2019.
| Source of Funds |
| Contributions |
$3,598,114 |
| Investment income |
$299,328 |
| Loss on disposal of property and equipment |
($49) |
| Total Income |
$3,897,393 |
- Programs: 88%
- Fundraising: 6%
- Administrative: 6%
| Total Income |
$3,897,393 |
| Program expenses |
$3,183,173 |
| Fundraising expenses |
$242,583 |
| Administrative expenses |
$221,448 |
| Other expenses |
$0 |
| Total expenses: |
$3,647,204 |
| Income in Excess of Expenses |
$250,189 |
| Beginning Net Assets |
$6,644,441 |
| Other Changes In Net Assets |
$18,566 |
| Ending Net Assets |
$6,913,196 |
| Total Liabilities |
$265,995 |
| Total Assets |
$7,179,191 |
Note: In the above finacial section, "other changes in net assets" repressents change in value of beneficial interests in charitable remainder annuity trusts.