Institute of Excellent Standards
Date: Thursday, October 25,, 2018
Time: 10:00 am – 11:30 am
ZOOM Videoconferencing Technology
This section session of the standards seeks to ensure that the charity spends its funds honestly, prudently and in accordance with statements made in fund raising appeals. To meet these standards, the charitable organization shall:
• Spend at least 65%+ of its total expenses on program activities.
• Spend no more than 35% of related contribution on fund raising
• Complete an annual financial statement and make it available on request
• Accurately report the charity’s expenses in it financial statements.