Some figures are my own calculations. Full and unedited figures at
http://www.nkfs.org/finance%20data.htm2003 Figures ($ in millions, unless otherwise stated; corrected to the nearest decimal point)
Donations: 67.4 m
Fund raising costs: (16.6m)
Effective donation: 50.8 mOther income(assumed to be dialysis fees paid by patients since nowhere else states the equivalent) = 25.3m
Direct charitable expenses: (36.2m)
Net charitable expense: (10.9m)
Investment gain: 7.6mOperating/Admin costs: (8.1m)
PR: (0.6m)
Capital Expenses(the cost of gold tap/toilet bowl/other extravagance may come under this): (4.7m)
Total costs unrelated to fund raising: (13.4m)
Net expense unrelated to fundraising and donations: (16.7m)
Surplus/(Deficit): 34.2m----
Assets:
Land and Building: 21.5m
Tangible Assets (ie dialysis machines): 12m
Total Capital Assets: 33.5mInvestments: 172.8m
Inventories: 1.2m
Accounts receivables: 9.5m
Cash and Deposits: 14.9m
Total Non-capital Assets (can be converted into cash without affecting current operations): 198.4m
Total Assets: 232m
Total non-charitable liabilities: 11.5m
Net non-capital assets: 186.8m
Reserves for charitable causes: 220.5m---
Key facts:
Estimated reserve for 2004 (assuming 40m in surplus, taking account into previous yearÂ’s increase): 260m
Years it can last without donation cum fund-raising activities: 260/16.7 = 15.6 years.
Assuming NKF cuts all fund-raising activities, while donations drop to 1 /4, NKF still breaks even. (1/4 of 67.4m donation = 16.8m; Net expense minus fund-raising activities = 16.7m)
Income from investments could feed 3 /4 of dialysis cost. (investment income = 7.6m; Net expense to patients = 10.9m)
Bulk of NKF expenses actually come from fund-raising activities. Minus that, percentage of beneficiaries could easily be above 75%. (67.4m donations. 13.4m in running expenses.
Running expenses(include salaries, perks, bonuses, mercedez, chauffeur, gold taps, etc) is actually more than amount spent on beneficiaries. (13.4m on cost of running; 10.9m on patients)
