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KINGDOM HARVEST MINISTRIES

Donation (~$1.8million) was the major source of income
The second major source of income was the sales income
No rating is available because of no disclosure of fundraising expense
Project expense, salaries, and administrative expense were about 32%, 40% and 27% of total expenditure
Staff cost was over $1.3million including director remuneration (~$470,000)
According to the guideline from Inland Revenue Department, director of charity with s.88 exemption should be voluntary with no remuneration
Violated the guideline of Inland Revenue Department
Salaries for staff was about $830,000 and should have included the frontline staffs
Recorded a minor deficit
Cash in hand was about $1.5million which can support operation for about 7-8 months
No website and no information of the organization is available

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 disclosing fundraising expense and frontline staff costs
To consider disclosing the number of directors receiving remuneration and their duties

Charity Information

Religious organisation which organize activities for the youth

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