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 United States Fund for UNICEF also includes the entities consolidated in the Fund's audited financial statements for the fiscal year ended June 30, 2017. |
According to Note 1 of the United States Fund for UNICEF fiscal 2017 consolidated audit:
"The accompanying [audited] consolidated financial statements include the United States Fund for UNICEF (Fund) and its supporting organizations, United States Fund for UNICEF In-Kind Assistance Corporation (USF-IKAC), and Bridge Fund Grant Assistance Corporation (BF-GAC)... The Fund is the sole voting member of USF-IKAC and BF-GAC and elects their boards of directors. There were no transactions for BF-GAC in 2017 and 2016."
"USF-IKAC and BF-GAC operate exclusively for the benefit of and to perform specific functions of the Fund for charitable educational purposes."
|According to the United States Fund for UNICEF tax filing for the fiscal year ended June 30, 2017, the Fund received donated in-kind contributions on which it placed a value of approximately $146.3 million, including approximately $143.7 million of in-kind drugs and medical supplies (IRS Form 990, Schedule M).|
[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".]