ITALIAN HOME FOR CHILDREN INC
Mission Statement
Italian Home for Children exists to help children and their families thrive through progressive programs. Core Values: Protect the rights of children; Promote the highest standards of education, care and treatment for children; Support and preserve the relationship between a child and his/her family and community; Accept the family system as the one in which the child is most likely to succeed; Assist children and families in all efforts that promote a healthy reintegration at the earliest possible time; Exist as a resource for children and families irrespective of race, ethnicity, gender, age, sexual orientation, disability, religion or national origin.
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
80.0% | 85.0% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
16.6% | 14.2% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
3.4% | 0.0% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
485.1% | 320.6% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
7.0 mo | 6.2 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
11.7% | 32.6% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
80.5% | 85.4% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
-4.3% | 7.9% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
11.1% | 9.4% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
1.4% | 2.8% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $16.1M | $15.9M | $9.3M | 80.0% | 291 |
| 2022 | $16.8M | $14.3M | $8.9M | 81.8% | 320 |
| 2021 | $16.6M | $15.1M | N/A | — | 318 |
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