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| This Pakistani patient doesn’t hold back any joy over his newfound sight. |
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Financial
The Himalayan Cataract Project is one of the most financially-efficient international health organizations. Most of its facilities in the Himalayas are financially self-sustaining through cost-recovery. Prior to hiring a US-based Program Manager in 2002, one-hundred percent of the funds raised by the HCP went directly to eye care programs. Currently, administrative overhead is less than ten percent. In 2003, the HCP received $768,836 in gifts and grants and less than ten percent went to administrative costs. The budget for 2004 is set just above $1 million and administrative costs are still projected to be below ten percent. Approximately 70 percent of funding comes from private foundations, 25 percent from small public contributions, and 1 percent from publicly supported organizations.
The HCP also receives considerable donations of equipment and supplies from manufacturers and pharmaceuticals. In addition to monetary contributions, Co-Director Dr. Geoffrey Tabin spends at least three months every year without pay working on the HCP’s programs in the Himalayan region. Other highly skilled ophthalmologists have donated their time and expertise to our training programs in the Himalaya as well.
Tax Return Downloads (PDF)
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November 30, 2007
HCP receives third consecutive 4-star rating
Charity Navigator is America's premier independent charity evaluator. Read more > |
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