Finally, in line with our non-negotiable of "Transparent financials with frontline wartime focus", we have prepared two financial reports for Casa de Ester:
While we are not required to release this financial data (since we operate and submit all expenses under the 501c3 shelter of Allegro), we believe you have the right to this detailed information and we choose to share publicly this transparent look at how every penny has been used. We hope that we have honored your support and have been excellent stewards of the funds the Lord has entrusted to us through your giving. If you have any questions or feedback regarding the financials, please do not hesitate to contact us.
Here is a brief summary of all expenses:
- 6.7% Administrative Expenses (of which 5.2% was donation processing fees via Allegro)
- <1% Fundraising Expenses
- 92.4% Programming Expenses
If we were to examine how the funds we receive are used (after the unavoidable donation processing fee and excluding Mission Trip Income/Expenses), 97.3 cents of every $1 that reaches our account goes to the frontlines in Honduras to provide Direct Care Programs.
That gets me excited! I am grateful for the tireless work of our team and partners to make such efficiency and excellence possible.
As we work towards our 501c3 status for Radiate Coalition, we anticipate being able to reduce the donation processing fee!
Reflecting on 2018, one thing is clear - God is faithful! Even when the outlook in certain seasons did not seem like the ministry would have enough funds to survive to the end of a month, God came through and sustained this important work. Not only that - He abundantly blessed the work within the home to bear great fruit in the lives of the girls and staff.
Thank you to our partners for your continued support, prayers, and advocacy. We hope this message has given you much to celebrate and has instilled even more confidence in your partnership.
While we celebrate these accomplishments, we pray this message also motivates more individuals, groups, and churches to help sustain Casa de Ester financially. We hope this has been a refreshing reminder that Casa de Ester is not about us, but about Jesus Christ and His redemptive work through the Holy Spirit in the lives of the girls rescued by Casa de Ester.
To live is Christ,
CEO/President | Radiate Coalition
"Then your light shall break forth like the dawn..." Isaiah 58:8