In 2016, March of Dimes allocated 84.3% of its total expenses, excluding fundraising costs, towards charitable activities. This percentage includes direct program services, such as providing support to pregnant women and their babies, promoting research into birth defects and premature birth, and advocating for policies that support the health of mothers and babies. The cost of fundraising is not included in the calculation of funds allocated to charity.
March of Dimes Funding Distribution
March of Dimes is a non-profit organization that works to improve the health of babies by preventing birth defects, premature birth, and infant mortality. The organization raises funds through donations, grants, and fundraising events.
In 2021, March of Dimes reported that it raised a total of $207.6 million in revenue. Of this amount, 88% was spent on programs and services, while 12% was spent on administrative costs.
The following table shows how March of Dimes allocates its funds:
| Program Area | Percentage of Funding |
|---|---|
| Research | 42% |
| Education | 28% |
| Programs and services | 18% |
| Advocacy | 12% |
The majority of March of Dimes’ funding goes towards research to find new ways to prevent birth defects, premature birth, and infant mortality. The organization also funds education programs to help parents learn about these conditions and how to prevent them. March of Dimes also provides support to families affected by these conditions.
March of Dimes is a respected organization that makes a real difference in the lives of babies and families. The organization’s efficient use of its funds ensures that a high percentage of its revenue is used to support its mission.
Fundraising Transparency and Accountability
March of Dimes is committed to transparency and accountability regarding its fundraising activities. The organization adheres to ethical principles and complies with applicable laws and regulations to ensure the proper and responsible use of donations.
To foster trust and confidence among donors, March of Dimes provides detailed information about its fundraising practices and financial operations:
- Annual Report: The annual report outlines March of Dimes’s mission, programs, and financial performance. It includes a breakdown of fundraising expenses and revenue allocation.
- Website Disclosures: The organization’s website provides clear and accessible information about its fundraising activities, including financial statements, fundraising targets, and donor impact.
- External Audits: Independent auditors review March of Dimes’s financial records annually to ensure accuracy and compliance with accounting standards.
- Donor Privacy: March of Dimes respects donor privacy and adheres to strict policies regarding the confidentiality of personal information.
Additionally, March of Dimes participates in the following initiatives to enhance fundraising transparency:
- BBB Wise Giving Alliance: March of Dimes is an accredited charity with the BBB Wise Giving Alliance, demonstrating its commitment to ethical fundraising practices.
- Charity Navigator: The organization has received a four-star rating from Charity Navigator, indicating its strong financial and operational performance.
March of Dimes’s dedication to transparency and accountability is reflected in its commitment to providing donors with accurate information about how their contributions are being used to support its mission.
March of Dimes’ Charitable Impact
The March of Dimes is a non-profit organization dedicated to improving the health of babies. Through research, advocacy, and community services, the organization aims to reduce the rates of birth defects, premature birth, and infant mortality.
Charitable Impact of Research and Advocacy
- Research: The March of Dimes funds research that investigates the causes and treatments of birth defects, premature birth, and infant mortality. This research has led to major advances in the field of neonatology, including the development of new vaccines, treatments, and screening tests.
- Advocacy: The March of Dimes advocates for policies that support families and babies. This includes advocating for increased funding for research, improved access to healthcare, and paid family leave.
Financial Impact
The March of Dimes receives funding from a variety of sources, including donations, grants, and corporate partnerships. In 2022, the organization raised over $600 million in total revenue.
The majority of the March of Dimes’ expenses (over 80%) goes directly to its charitable programs. The remaining expenses cover administrative costs and fundraising.
| Expense Category | Percentage of Total Expenses |
|---|---|
| Charitable Programs | 82% |
| Fundraising | 12% |
| Administration | 6% |
The March of Dimes is a highly-rated charity, earning a 4-star rating from Charity Navigator. This means that the organization is financially responsible and does a good job of using its donations to support its mission.
Overall, the March of Dimes is a highly-effective charity that is making a real difference in the lives of babies and families.
Donor Confidence and Trust
March of Dimes is a well-respected charity with a long history of helping families and babies. The organization has a strong commitment to transparency and accountability, and it is regularly audited by independent accounting firms.
According to the organization’s most recent financial statements, 82% of its total expenses were spent on program services. This includes funding for research, education, and support services for families and babies.
The remaining 18% of expenses were spent on fundraising and administrative costs. This is comparable to other large charities, which typically spend around 20% of their budgets on these activities.
Here are some of the factors that contribute to donor confidence and trust in March of Dimes:
- The organization’s long history of helping families and babies
- Its commitment to transparency and accountability
- Its strong financial management practices
- Its partnership with other reputable organizations
The following table provides a breakdown of March of Dimes’ expenses for the fiscal year ended June 30, 2021:
| Expense Category | Amount |
|---|---|
| Program Services | $384.3 million |
| Fundraising | $68 million |
| Administrative | $26.7 million |
| Total Expenses | $479 million |
As you can see, the vast majority of March of Dimes’ expenses are spent on program services that directly benefit families and babies. This is a testament to the organization’s commitment to its mission.
Alright folks, that’s all for our little investigation into the March of Dimes. Remember, when you’re looking to support a charity, it’s always a good idea to do your research and look into their financials. That way, you can feel confident that your hard-earned cash is going to the right place.
Thanks for hanging out with us. We’ll catch you next time with another thrilling tale of nonprofit financial shenanigans. Stay tuned!