New Home Association

Founded in May 2010
Donation was over $103million and was the major source of income
High fund raising ability with over $103 million in just 11 months
However, no rating is available as there was no disclosure of fundraising expense, and no estimation of fund raising efficiency can be made
Total expenditure was only $17million
Invested $5million in a social enterprise
Since it was the 1st year, there maybe expansion of service with such a big amount of donation
Project expense, salaries and administrative expense were about 60%, 22% and 17% of total expenditure
Recorded a surplus
Cash in hands was about $75million which can support operation for about 4 years

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 expand the service and disclose the fundraising expense so that the public will have a better understanidng of the operation status

Charity Information

To serve minority and people who rom China to Hong Kong for less than 7 years </br> To help people in need financially with emergency relief fund and scholarship </br> Operating a social enterprise

http://www.nha.org.hk/

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