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.
|CharityWatch's rating of International Rescue Committee (IRC) also includes the financial activities of IRC's subsidiary entities in Greece and Germany, which are consolidated in IRC's audited financial statements for the fiscal year-ended September 30, 2017.|
According to the IRC fiscal 2017 consolidated audit (Note 1(a), Organization):
"IRC operates via an incorporated civil not-for-profit company according to art 741 Civil Code of Greece under the name of IRC Hellas. IRC owns 99% of IRC Hellas. IRC also operates through a separate incorporated and registered not-for-profit company in Germany as IRC Deutchland gGmbh where IRC is the 100% shareholder of this entity under German law."
CharityWatch's rating of IRC does not include the financial activities of its separately incorporated foreign affiliates, International Rescue Committee, UK (IRC-UK) and International Rescue Committee, Belgium ASBL.
|According to the International Rescue Committee (IRC) consolidated audit of September 30, 2017 (Note 7, Significant Funders and Concentrations of Credit Risk):|
"During the year ended September 30, 2017, 13% and 23%...of revenues from grants and contracts were received from the U.S. Department of State - Bureau of Population, Refugees, and Migration and the U.S. Agency for International Development, including the Office of Foreign Disaster Assistance, respectively. The operation of IRC's programs at present levels is dependent upon continued funding from these organizations and from United Nations and European agencies.
"During the year ended September 30, 2017, approximately 56% of the revenues from foundation and private donors was comprised of grants from five donors..."
|According to the International Rescue Committee (IRC) audited Consolidated Statement of Activities for the year ended September 30, 2017, IRC received contributions of in-kind goods and services on which it placed a total value of approximately $11,344,000.|
[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".]