OneSky

(2015)
Half the Sky Foundation has changed the name to OneSky (Note 1)
It proactively provided the latest audit report and all supporting documents and support high transparency, which is commendable
Donation was the major source of income and all donation were spent on programs
Fair fundraising efficiency - cost of raising every $100 was about $33
Total fundraising expense was about 25% of total expenditure (Note 2)
Audited financial statement clearly stated the breakdown of program expense including personnel and various program expense, which is commendable
Program expense (including staff cost) was about 65% of total expenditure
Program support personnel expense and administrative expense were about 2% and 6% of total expenditure
Recorded a significant deficit (~HKD5m) which was about the fundraising cost
It reflected that all donation was spent on program directly
Cash in hand can support operation for 1 month
In 2015, OneSky has trained about 2600 caregivers from 240 welfare centers in China, and served over 3,800 children. It has also launched a new program to help about 900 left behind children in rural village.

Note 1: The organisation changed its name due to an expansion of its new mission to bring early children development programs to vulnerable children outside China.

Note 2: The organisation proactively provided explanation on the drop in its fundraising effectiveness. (i) less donations received in Hong Kong as some of its funders shifted their support of OneSky to its other entities outside Hong Kong, and (ii) the organisation continues to invest in revenue generating activities. As a result, the fundraising cost ratio seemed out of proportion in the short term. With the expansion of new programs in villages in rural China and the expression of interest by new funders, the organisation is confident to meet the target soon whereby we shall improve fundraising ratio and increase investment in the programs.

(2014)
Half the Sky proactively provided the latest audit report for ratings and support high transparency, which is commendable
Donation was the major source of income
No government funding
Good fundraising efficiency that the cost of raising $100 was about $10
Fund raising cost was about 11% of total expenditure
Project expense and administrative expenses were about 82% and 9% of total expenditure
Project expense included frontline program staff cost, which made up ~82% of project expense
Projects' nature of serving orphans is labor intensive
Supporting staff salary were included in fundraising expense and administrative expense, and they were low
Good control of administrative cost
Recorded a surplus of about $4.7million, and cash in hand was about $4.3m which can support operation for 3 months
Operating 56 centers in China
Served over 100,000 children in China since 1998

(2013)
Half the Sky proactively provided the latest audit report for ratings and support high transparency, which is commendable
Donation was the major source of income
No government funding
Good fundraising efficiency that the cost of raising $100 was about $11
Fund raising cost was about 11% of total expenditure
Project expense, staff cost and administrative expenses were about 80%, 7% and 2% of total expenditure
Project expense included frontline program staff cost, which made up ~80% of project expense
Projects' nature of serving orphans is labor intensive
Staff cost represented administrative staff cost, and it was low (~7%)
Good control of administrative cost as it was only about 2% of total expenditure
Recorded a surplus of about $3million, which can support operation for 2 months
Operating 56 centers in China
Served over 100,000 children in China since 1998

(2011)
Half the Sky contacted us directly and sent us the audit report for analysis and rating
Organization supports high transparency which is commendable
Major source of income was donation
High fund raising efficiency
Cost of raising every $100 was about $14
Fund raising expense was about 15% of total expenditure
Project expense, salaries and administrative cost were about 79%, 6% and 1% of total expenditure
Breakdown of project details is clearly stated on the report and it includes front line staff salaries
Recorded a surplus
Cash in hand can support about 2 months of operation
Operating 41 infant centers and 37 preschools in China by end of 2009

核查日期:Nov. 3, 2018

Rating
 
Fund Needs
$$$
Fund-raising efficiency
Fund-raising expenses
Project expense
Staff salaries
Administrative expenses
010

Suggestion

To consider sharing China experiences and belief in high transparency with other charities.
To consider improving the financial deficit and fundraising efficiency

Charity Information

OneSky aims to unlock the vast potential hidden in our world’s most vulnerable young children. We create and implement simple, replicable early learning programs that provide nurturing responsive care, transforming the lives of thousands of at-risk children every day, and ensuring that those most in need have a second chance at childhood. Since 1998, we have directly transformed the lives of more than 134,000 orphaned and abandoned children in China and trained 20,000+ caregivers.

http://www.onesky.org/

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