The Hole in the Wall Gang Fund’s cost of funds raised based on IRS Form 990 for fiscal year 2018 was 15 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 $12.2 million funded fiscal year 2018 operations. An additional $1.1 million was received from capital contributions and estate gifts. Gifts from individuals comprised 43.3 percent of operating contributions while corporate and foundation gifts amounted to 28.7 percent and 11.1 percent, respectively. Community event donations contributed 15.7 percent while in kind donations contributed the remaining 1.2 percent.
Fiscal year 2018 unrestricted expenses totaled $13.4 million. Expenses for Camp programs represented 78.3 percent of total expenses. Included in these expenses, Camp activities, including both the summer and fall-through-spring months, amounted to 46.6 percent, the Hospital Outreach and Family Outreach Programs comprised 29.8 percent and support to other SeriousFun camps was 1.9 percent. Development costs represented 15.0 percent of total expenses, and general and administrative costs accounted for the remaining 6.7 percent of expenses.