The Hole in the Wall Gang Fund’s cost of funds raised based on IRS Form 990 for fiscal year 2015 was 13 cents on the dollar, well exceeding the standards established by organizations that monitor the work of charities. We remain grateful to our donors and committed to showing the utmost respect for every dollar raised by ensuring the greatest possible impact on children and their families.
Unrestricted support of $12.8 million funded fiscal year 2015 operations. An additional $2.1 million was received from capital contributions and estate gifts. Gifts from individuals comprised 50.4 percent of operating contributions while corporate and foundation gifts amounted to 24.5 percent and 14.1 percent, respectively. Community event donations contributed 9.8 percent while in kind donations contributed the remaining 1.2 percent.
Fiscal year 2015 unrestricted expenses totaled $13.4 million. Expenses for Camp programs represented 79.7 percent of total expenses. Camp activities, including both the summer and fall-through-spring months, amounted to 53.2 percent, the Hospital Outreach Program comprised 17.4 percent and support to other organizations with similar missions was 9.1 percent of those expenses. Development costs represented 14.3 percent of total expenses, and general and administrative costs accounted for the remaining 6 percent of expenses.