Charity Budget
Fiscal Year: [Month Day, Year] to [Month Day, Year]
Income
Income Source | Estimated Amount (USD) |
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Donations from Individuals | $[0] |
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Expenses
Expense Category | Estimated Amount (USD) |
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Staff Salaries & Benefits | $[0] |
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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]
Charity Templates @ Template.net
