Charity Budget
Charity Budget
Fiscal Year: [Month Day, Year] to [Month Day, Year]
Income
|
Income Source |
Estimated Amount (USD) |
|---|---|
|
Donations from Individuals |
$[0] |
Expenses
|
Expense Category |
Estimated Amount (USD) |
|---|---|
|
Staff Salaries & Benefits |
$[0] |
Surplus/Deficit
|
Category |
Estimated Amount (USD) |
|---|---|
|
Total Income |
$[0] |
|
Total Expenses |
$[0] |
|
Surplus (or Deficit) |
$[0] |
Compliance and Legal Requirements
-
IRS Status: This charity operates as a [501(c)(3)] organization under US law.
-
Annual Filing: Charity will file Form 990 (or 990-EZ/990-N) with the IRS as required for nonprofits.
-
State Registration: Charity is registered with the state of [State Name], in compliance with charity solicitation laws.
-
Fundraising Licenses: Appropriate fundraising licenses have been acquired for all fundraising events and campaigns.
-
Financial Audits: Annual audits will be conducted by a certified public accountant if required (over $500,000 annual income for certain states).
Notes & Assumptions
-
Donation Assumptions: Based on historical data and upcoming campaigns.
-
Program Funding: Expenses reflect current plans, but may change based on funding availability or program expansion.
-
Administrative Overhead: Target is to keep administrative expenses under 15% of total income, following best practices for nonprofit efficiency.
Prepared by:
[Your Name]
[Your Company Name]
[Month Day, Year]
