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)
CharityWatch's rating of Conservation International Foundation (CI) is based on CI's consolidated audited financial statements for the fiscal year ended June 30, 2015, which include the operations of ten CI affiliates: CI-Brazil, CI-Suriname, CI-Mexico, CI-Guyana, CI-Europe in Belgium, CI-Singapore, Conservation South Africa, CI-Japan, CI-Hong Kong, and CI-New Zealand. According to Note 1 of the audit: "All of the aforementioned organizations are separately incorporated in their respective countries. Due to the significant amount of oversight and support (financial and programmatic) provided by CI, their financial activities have been consolidated with CI's financial activities."
According to the Conservation International Foundation (CI) consolidated audit of June 30, 2015 (Note 4, Grants and Promises to Give Receivable):

"CI's grants and promises to give receivable balance include receivables from the federal government, foreign governments, and private donors. CI's ten largest contributors during the year ended June 30, 2015 comprised approximately 73% or $120,345,000 of total revenue..."

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