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Top Rated

ChildFund International

CharityWatch report issued
October 2021

Top-Rated Charity
A-
CharityWatch Grade
Our independent grade based
on a number of factors.
 
75%
Program Percentage
Amount spent on programs
relative to overhead.
 
$15
Cost to Raise $100
Amount spent to raise
$100 of contributions.

Contact Information

ChildFund International
2821 Emerywood Parkway
Richmond, VA 23294

Other Names

ChildFund International, USA

Tax Status

501(c)3

Stated Mission

To protect and advance the worth and the rights of children; empowers children to thrive throughout all stages of life and become leaders of enduring change.

View similar charities
Data based on Fiscal Year Ended 06/30/2020

Program Percentage: 75%

The percentage of ChildFund International's cash budget it spends on programs relative to overhead (fundraising, management, and general expenses).

$164,000,000

Calculated Total Expenses

(rounded)

 

Cost to Raise $100: $15

How many dollars ChildFund International spends on fundraising to raise each $100 of contributions.

$144,000,000

Calculated Total Contributions

(rounded)

Government Funding

0% to 24%

Percentage of cash revenue
coming from government sources

 

Financial Documents

Entity Document Type Tax ID
ChildFund International USA IRS Form 990 54-0536100
ChildFund International USA Consolidated Audited Financial Statements Multiple
Entity: ChildFund International USA
Document Type: IRS Form 990
Tax ID: 54-0536100
Entity: ChildFund International USA
Document Type: Consolidated Audited Financial Statements
Tax ID: Multiple

Governance & Transparency

CharityWatch evaluates certain criteria related to a charity's Governance and Transparency. Donors may want to consider a charity's willingness to be open and transparent with CharityWatch to be a good litmus test for determining its commitment to public accountability.
This charity is Top-Rated
What does it mean to be Top-Rated?
 
ChildFund International
meets governance benchmarks.
 
ChildFund International
meets transparency benchmarks.
Transparency
Provides Financial Information
Audit Accessibility
Governance: Policies
Reports regularly & consistently monitoring & enforcing compliance with a written Conflict of Interest Policy
Reports required, annual disclosure by officers, directors, and key staff of interests that could give rise to conflicts
Reports having a written Whistleblower Policy
Reports having a written Document Retention and Destruction Policy
Governance: Financials
Reports providing copy of tax form to all board members prior to filing it with IRS
Reports that financial statements were audited by an independent accountant
Governance: Board of Directors
Reports at least 5 voting board members
51% or more of voting board members reported as independent
Reports documenting minutes of board and board committee meetings
Privacy Policy
Privacy Policy No Sharing  

  Name Title Compensation
1 Anne Goddard President $430,352
2 James Tuite VP/CFO $286,099
3 Adam Hicks Chief Development & Marketing Officer $270,347
1
Name: Anne Goddard
Title: President
Compensation: $430,352
2
Name: James Tuite
Title: VP/CFO
Compensation: $286,099
3
Name: Adam Hicks
Title: Chief Development & Marketing Officer
Compensation: $270,347

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.

CharityWatch's rating of ChildFund International includes the financial activities of the ChildFund international office, national offices, fundraising offices, and India Society, which are consolidated in the ChildFund International audited financial statements for the fiscal year ended June 30, 2020, according to the ChildFund consolidated audit (Note 2 re: Principles of Consolidation). Also according to Note 2: "All significant transactions between the organizations, including all inter-organization balances, have been eliminated in consolidation. In compliance with local laws, certain of these national offices and fund raising offices are separate legal entities."


According to the ChildFund International consolidated audit of June 30, 2020 (Note 1, Organization):

"Most of the [child] sponsorships...are supported by U.S. donors; the remainder are supported by in-country fundraising offices and international donors who sponsor children through autonomous organizations in Australia, Canada, Denmark, France, Germany, Ireland, Japan, Korea, New Zealand, Sweden, and Taiwan. ChildFund is a member of ChildFund Alliance, a global network of 11 child development organizations."

[Note: The financial activities of the ChildFund "autonomous organizations" noted above are not included in CharityWatch's rating of ChildFund International. According to Note 12 of the ChildFund fiscal 2020 consolidated audit: "These autonomous organizations are incorporated in their respective countries for the purpose of initiating and overseeing programs that are distinct and unique to their mission. Because ChildFund does not control these organizations, their related assets, liabilities, net assets, revenues and expenses are not reflected in the accompanying [audited] consolidated financial statements."]



According to the ChildFund International consolidated audit of June 30, 2020 (Note 2 re: Principles of Consolidation):

"ChildFund established the [India] Society in 1984. The Society is registered...and exists under the laws of India. ChildFund has majority voting power of the Society's governing body."


According to the ChildFund International consolidated audit of June 30, 2020 (Note 14, Related Party Transactions):

"In April 2002, ChildFund Alliance was established for charitable purposes to promote the well-being of children and their families. The Board of Directors of ChildFund Alliance consists of a significant percentage of ChildFund Board and staff; however, ChildFund does not have an economic or controlling interest in ChildFund Alliance; accordingly, ChildFund Alliance is not consolidated in ChildFund's [audited] consolidated financial statements..."

According to the ChildFund International audited Consolidated Statement of Activities for the year ended June 30, 2020, ChildFund received contributions of gifts-in-kind on which it placed a total value of $42,432,252. Included in this value is "$24,652,910 of in-kind media and broadcast time in the form of public service announcements," and "$11,064,681 of gifts-in-kind pharmaceuticals," according to Note 2 of the ChildFund fiscal 2020 consolidated audit.

[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 on the Our Process page.]

According to the ChildFund International consolidated audit of June 30, 2020 (Note 2 re: Paycheck Protection Program Loan):

"ChildFund received loan proceeds in the amount of $3,233,600 on April 21, 2020, under the Paycheck Protection Program ('PPP'). The PPP, established as part of the Coronavirus Aid, Relief and Economic Security Act ('CARES Act'), provides for loans to qualifying businesses for amounts up to 2.5 times of the average monthly payroll expenses of the qualifying business. The loan and accrued interest are forgivable after eight or twenty-four weeks as long as the borrower has initially qualified for the loan and uses the loan proceeds for eligible purposes, including payroll, benefits, rent and utilities, and maintains its payroll levels. The amount of loan forgiveness will be reduced if the borrower terminates employees or reduces salaries during the eight or twenty-four week period..."


According to the ChildFund International consolidated audit of June 30, 2020 (Note 9, Debt):

"Proceeds from the PPP loan were received on April 21, 2020 and totaled $3,233,600. ChildFund currently believes it has spent the PPP loan proceeds in accordance with the provisions of the PPP as required by the Small Business Administration ('SBA') and expects the loan to be forgiven. If the PPP loan is not forgiven, the unforgiven portion will be payable over five years at an interest rate of 1.00%, with a deferral of payments until forgiveness amount remitted to lender by SBA."

According to the ChildFund International consolidated audit of June 30, 2020 (Note 15, Contingencies, Other Matters):

"The COVID-19 pandemic has developed rapidly in 2020. The resulting impact of the virus on the operations and measures taken by various governments to contain the virus have negatively affected ChildFund's results in the reporting period.

"The currently known impacts of COVID-19 on ChildFund are a decline in acquisition of new sponsors, volatility in investments, increase in pension liability and decline in planned programming activities through our local partners.

"In response to these matters, the entity has taken the following actions: We have launched a global COVID-19 response campaign, shifted programming dollars to direct cash payments, implemented more digital campaign activities and obtained the PPP loan as discussed in Note 9 [cited in a separate Analysts' Note, above].

"Management has determined that theses actions that it has taken are sufficient to mitigate the uncertainty as of the date of this report [November 30, 2020]. The full impact of the COVID-19 outbreak continues to evolve... As such, it is uncertain as to the full magnitude that the pandemic will have on the ChildFund's financial condition, liquidity, and future results of operations. Management is actively monitoring the impact of the global situation on its financial condition, liquidity, operations, suppliers, industry, and workforce. Given the daily evolution of the COVID-19 outbreak and the global responses to curb its spread, ChildFund is not able to estimate the effects of the COVID-19 outbreak on its results of operations, financial condition, or liquidity for fiscal year 2021."