STATEMENT OF ACTIVITIES For the years ending December 31, 2021, and December 31, 2020 (USD)
Support and Revenue:
2021
2020
Corporations
$13,470,789
$15,862,424
Foundations
$3,376,847
$11,489,283
Individuals
$56,668,068
$24,755,890
Schools, governments and others
$6,723,117
$5,073,051
Total Donations
$80,238,821
$57,180,648
Contract Revenue
$138,442
$55,000
Donations In-Kind
$7,338,898
$4,757,294
Investment and Other Income (Loss), Special Event Expenses, Fees
$2,128,998
$66,114
TOTAL SUPPORT AND REVENUE
$89,845,159
$62,059,056
Operating Expenses:
2021
2020
Program Services Literacy
$40,866,992
$31,101,264
Girls' Education and Gender Equality
$11,831,926
$10,700,299
Total Program Services
$52,698,918
$41,801,563
Management and General
$2,238,718
$1,876,847
Fundraising
$4,609,711
$4,344,585
TOTAL OPERATING EXPENSES
$59,547,347
$48,022,995
Translation adjustments
$(362,247)
$315,627
Change in Net Assets Without Donor Restrictions
$22,290,086
$12,013,585
Change in Net Assets With Donor Restrictions
$7,645,479
$2,338,103
Net Assets Without Donor Restrictions at Beginning of the Year
$26,832,378
$14,818,793
Net Assets With Donor Restrictions at Beginning of the Year
$17,461,879
$15,123,776
TOTAL ASSETS AT END OF THE YEAR
$74,229,822
$44,294,257
Room to Read’s financial statements have been audited by independent certified public accountants and are available on our website.
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