CFCA marks revenue milestone in 2010
January 25, 2011
“A small amount of money from a whole lot of people equals a whole lot of help and a whole lot of responsibility.” ~Bob Hentzen, CFCA president and co-founder
From its founding in 1981 to 2010, CFCA has exceeded $1 billion in total revenue – one sponsor at a time.
"CFCA’s founders weren’t thinking in terms of a billion dollars, or even a million dollars," said Martin Kraus, CFCA director of finance. "They were thinking in terms of providing shoes for a child, of helping that child go to school, of helping a family earn a decent wage."
Steady contributions from more than 700,000 sponsors transforming millions of lives led to this milestone.
"Our founders created CFCA on the premise of one-to-one relationships between people from different parts of the world," Kraus said. "This personal way of helping others was embraced by our sponsors, and they have remained very committed in both good and challenging economic times."
In addition to the $1 billion milestone, CFCA sent more revenue directly to projects around the world in 2010.
In 2009, more than 94 percent of expenses went toward program support. Only 3 percent was spent on administration and 2.8 percent on fundraising costs, and preliminary results for 2010 show similar percentages.