CharityWatch REPORT
Issued November 2015

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.

According to The Population Council audit of December 31, 2014 (Note 2(k), Concentration of Support):

"During 2014 and 2013, approximately $26 million of the Council's grants were funded directly by the United States Agency for International Development (USAID)..."

"The three largest funding sources, being one U.S. government agency, one foreign agency and one private foundation constitute 55% of the Council's revenue in 2014..."

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