Financial overview for the year ending 30 June 2022
The following financial statements have been prepared in accordance with the requirements set out in the ACFID Code of Conduct. For further information on the Code please refer to the ACFID website www.acfid.asn.au
Sources of income
Kyeema Foundation’s income consists of grants from institutional donors, donations from corporates and individuals, and minor revenue generated from fundraising activities. Revenue was recorded at $1,334,711 for the year, representing an increase of 20% on 2020-21, predominantly driven by the Palladium Corporate Support program.
In 2021-22, Kyeema had a total expenditure of $1,360,811 up 26% compared to 2020-21. This was primarily due to the Palladium Corporate Support program that commenced in 2019-20. We continue to run a lean operation, with a low proportion of expenditure directly relating to administration costs at 3.6% and program support costs at 11.6%. We keep our fundraising costs low at 0.1% of overall expenditure.
Ratio of expenditure
Expenditure by country/region
We will continue to pursue an income diversification strategy moving into 2022-23 with the goal of long term sustainability. This will be driven by a focus on new partnerships, commercial activities and public fundraising. The Board and management at Kyeema continue to closely monitor the organisation’s financial situation to maximise our contribution to achieve our mission. The above revenue and expenditure graphs represent our various components of income and expenditure as a proportion of the totals. Each category is adapted from the summary financial statements on the following pages and is based on the definitions described in the ACFID Code of Conduct.
For Kyeema’s full financial statements from the 2021-22 year please contact firstname.lastname@example.org or visit our Annual Report page to view the full 2021-22 report.