CharityWatch REPORT
Issued April 2017

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)
According to the Friends of UNFPA & Friends of Americans for UNFPA consolidated audit of December 31, 2015 (Note 2j, In-Kind Contributions):

"The Organization received donated space through June 30, 2015, which had a fair value of $90,000. In addition, the Organization received in-kind marketing expenses valued at $86,832." [The total value of the in-kind contributions received by Friends of UNFPA in 2015 was $176,832.]

[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".]
According to the Friends of UNFPA & Friends of Americans for UNFPA consolidated audit of December 31, 2015 (Note 8, Significant Contributions):

"Approximately 42% of the Organization's revenue (excluding in-kind services) was derived from contributions received by one donor."

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