FY2010 Financial Highlights

Donations to the work of World Vision Singapore do not benefit from tax exemption or deductibles. As a foreign charity registered in Singapore, we are also not permitted to actively solicit public funds without a valid permit from the Commissioner of Charities. Previous attempts to obtain such a permit have been unsuccessful.

Despite the challenging environment of 2010, we are grateful to our child sponsors and donors who continue to support our ministry helping the marginalised and oppressed. In FY2010, World Vision Singapore with the strong support of our child sponsors and donors continued to post another blessed year of giving and service to needy children and their families in Asia and Africa.

Income

World Vision Singapore is committed to tackling the root causes of poverty, alleviating the suffering of the poor and enabling children to have fullness of life as its mission and vision. We are thankful to God for growing World Vision Singapore's income in FY2010 (October 2009 to September 2010) from $10,780,017 in FY2009 to $11,539,239. The income growth enabled the organisation to help some 28,925 children and benefited some 1,527,628 people in the developing countries.

Expenditure

In line with our mandate and accountability to our supporters to keep expenses low so that more can be provided to assist the impoverished communities, the total expenditure of our office for FY2010 comprising administration, communication and public information was $2,141,022 or 18.5% of total donations. This was same as the 18.5% expenditure over donations in FY2009.

Disaster Relief

In 2010, World Vision responded to some 60 disasters around the world, out of which, 11 of them received direct help from Singapore supporters and assisted an estimated 1.7 million survivors, refugees and displaced people. With a 13-fold increase in the number of major disasters over the last 50 years, World Vision continues to provide immediate emergency response, disaster mitigation, and is committed to long-term rebuilding. Through our child sponsors and donors, we sent $1.17 million, with the remaining $110,000 to be sent in the following year.

Gifts-in-Kind

FY2010 also registered World Vision Singapore's Gifts-in-Kind (GIK) donated goods worth $136,006, a decrease from FY2009 value of $849,816, to the needy communities assisted by our organisation.