CharityWatch REPORT
Issued September 2016

CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.

Any time an Analysts' Note refers to a charity's Audited Financial Statements or IRS tax form, CharityWatch encourages interested donors to obtain a copy of the referenced documents so that they may view the information in context. Please contact the charity directly to request a copy of any referenced document. Charity tax forms and audits may also be obtained from a number of online databases. For a list of sources, please visit our LINKS page.

Note(s)
ChildFund International received total contributions of in-kind goods and services valued at approximately $34.6 million in fiscal 2015, according to its Audited Consolidated Statement of Activities for the year ended June 30, 2015 & Audit Note 2(h).

As described in its audit, "The majority of gifts-in-kind consists of TOM shoes and public service announcements...ChildFund received approximately $12,504,600...of gifts-in-kind shoes during the [year] ended June 30, 2015...Approximately $3,721,000...of gifts-in-kind shoes yet to be distributed was included in accounts receivable and other assets [in the charity's financial statements ended June 30, 2015]. ChildFund received approximately $17,840,900...of in-kind media and broadcast time in the form of public service announcements" in fiscal 2015."

[Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found by clicking on "About CharityWatch" from the navigation bar and then clicking on "Criteria & Methodology".]

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