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U Hearts

It had no audit report, but the organisation voluntarily disclose the financial report on the website, which clearly stated the general donation and designated donation to different projects
Donation was the major source of income
No rating is available because of no disclosure of fundraising expense
Project expense and administrative expense were 97% and 3% of total expenditure
Salaries was grouped under the project expense of youth development
We guess that more salary probably were grouped in program or administrative expense
Recorded a deficit
Cash in hand was about $3.4million which can support operation for about 8 months
Sponsored 274 students in 2010
Needs of school constructions and the completion record have been posted on the website

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 salaries and fundraising expense
To consider providing an independent audit report

Charity Information

To provide an interactive culture exchange between the youth in Hong Kong & China</br> To sponsor the youth in Hong Kong and China to have a better learning environment</br> To build schools in poor provinces in China

http://www.u-hearts.org/

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