According to the Doctors Without Borders USA (MSF USA) audit of December 31, 2020 (Note 17, Risk and Uncertainties, COVID-19):
"On January 30, 2020, the World Health Organization (WHO) announced a global health emergency because of a new strain of coronavirus...(the COVID-19 outbreak) and the risks to the international community as the virus spreads globally... In March 2020, the WHO classified the COVID-19 outbreak as a pandemic...
"MSF USA's operations are heavily dependent on private and public donations and grants from individuals, foundations and corporations. MSF-USA has incurred, and it is expected to incur for the foreseeable future, incremental and other COVID-19 pandemic-related expenses.
"From a fundraising perspective, MSF USA's donations have kept pace with MSF USA's 2020 plans. MSF USA's cash and short-term investment positions are sufficient to meet MSF USA's current and medium-term obligations. From an international perspective, the COVID-19 pandemic is limiting MSF USA's ability to place international staff and certain international programs are reducing activity or considering closure.
"The full impact of the COVID-19 outbreak continues to evolve as of the date of this report [May 25, 2021]. As such, it is uncertain as to the full impact that the pandemic will have on MSF USA's financial condition, liquidity and future results of operations. Management continues to actively monitor the global situation on its financial condition, liquidity, operations, suppliers, industry and workforce. The rapid development and fluidity of this situation precludes any prediction as to the ultimate material adverse impact of the COVID-19 outbreak with respect to MSF-USA, its performance and its financial results.
"Although MSF USA cannot estimate the length or gravity of the impact of the COVID-19 outbreak at this time, it may have an adverse effect on MSF USA's results of future operations, financial position, and liquidity in year 2021."
According to the Doctors Without Borders USA (MSF USA) audit of December 31, 2020 (Note 17, Risk and Uncertainties, CARES Act):
"On March 27, 2020, the Coronavirus Aid, Relief and Economic Security Act (the CARES Act) was enacted. The CARES Act, among other things, includes provisions relating to refundable payroll tax credits...
"The CARES Act also appropriated funds for the Small Business Administration Paycheck Protection Program loans that are forgivable in certain situations to promote continued employment, as well as Economic Injury Disaster Loans to provide liquidity to small businesses harmed by COVID-19. MSF USA has opted not to apply for a loan through the Paycheck Protection Program.
"MSF USA did not defer or delay any timely payment of payroll taxes during the period from March 1, 2020 through December 31, 2020.
"On December 27, 2020, the President signed the Consolidated Appropriations Act, 2021 (the Act), which includes $900 billion in stimulus relief as a result of the COVID-19 pandemic. MSF USA is currently evaluating the impact of the Act."