Income and Expenses
As a charitable organization, we are mainly financed through donations, grants from the German Ministry for Economic Cooperation and Development, and other government agencies, plus money from fines and penalties which have to be paid to good causes. The costs for administrative work, PR, and recruiting donations (totaling 13.39% of all costs) are partly covered by a support group consisting mainly of doctors.
The total volume of earnings was TEUR 9,059 in 2017 compared with TEUR 8,814 in 2015.
We earned a considerably larger amount through donations of money and goods (TEUR 6,754) than in the previous year. This includes contributions of € 17,197 from the Sternstunde e.V. for the Malisa Home on the Philippines. In addition to the increase in general financial donations, we also achieved an increase especially in inheritances and fines. The decrease in grants from the Federal Government of Germany corresponds with the planned budget for 2017.
Expenses (for personnel, amortizations, and other expenses) totaled TEUR 8,085 in 2017. According to the procedure recommended by the German Central Institute for Social Questions (DZI), we classified our expenses in the business year 2017 as follows:
Through public relations (PR) and fundraising we aim to make our organization known to the public and maintain the volume of donations needed to finance our projects. We spent 9.64% of total expenses for PR and fundraising in 2017.
It goes without saying that we deal with the money entrusted to us responsibly. We take into consideration that we are a charity in the remuneration of our colleagues and both managing directors. Salaries lie within limits common in charities. A total of € 161,569 (gross salary) was paid to the two managing directors in 2017. The amount of remuneration of the remaining colleagues depends on the level of responsibility in the respective position, experience, seniority and age. This resulted in annual salaries ranging from € 14,000 to € 56,000 in 2017.
A total of 85.03% of our expenses went into projects and benefited the people in our project countries directly. Expenses in this area can be classified as follows:
Expenses for medical projects
These constitute the focal point of our activities. We supported nine projects in five countries in 2017. The extent and priorities of these medical projects vary greatly, which is expressed in the magnitude of financial means invested in these medical projects.
Expenses for supplementary projects
Aside from medical projects, we engage in 14 supplementary projects which are closely related thematically and spatially with the medical work performed by our voluntary doctors. These include, for example, the Pushpa Home and the St. Thomas Home, both tuberculosis hospitals in Calcutta, and our HIV program in Nairobi. The expenses for supplementary programs during the previous three years according to the recipient country are as follows:
Moreover, we perform wide-ranging help through partners in the areas of child raising, agrarian economy and environment, health, credit programs, disaster aid, social work, and community development in 50 partner projects in 16 countries (2016). The support ranges from a single contribution of € 500 to a four-year development project with a financial volume of € 700,000. The large partner projects are co-financed by the national government organisations, above all by the Federal Ministry for Economic Cooperation and Development (BMZ), which contributes 75% and our organization, 25% of the financing. The other partner projects are financed by industry or private support groups.
The organisation’s annual financial statements including bookkeeping are regularly examined by a certified accountant selected by the annual members’ meeting. You can, of course, completely download the 2017 financial statement (German) examined by the accounting firm Bansbach GmbH, as well as the unlimited audit certificate. You can also find the most important figures, dates, and facts about our work during the past business year on pages 36-49 in our progress report (German).