Financial Information: Save the Children

Financial Information

How We Use Our Funds - 92% on Program Services You can be assured that Save the Children spends dollars efficiently.
	In fiscal year 2008, 92 percent of all expenditures went to program services. That percentage is an average for all of Save the Children's programs worldwide; the percentage spent on in any particular program may vary.

Click Here for Full Audited Financial Statements for Fiscal Year 2008
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Annual Report 2008

Information concerning Save the Children Federation, Inc., including copies of its IRS Forms 990 and 990-T, may be obtained without cost by calling 1-800-728-3843, writing to Save the Children Federation, Inc. at 54 Wilton Road, Westport, CT 06880 or sending an email to twebster@savechildren.org.

Condensed Audited Financial Information
Operating Revenue	FY 2008	FY 2007
Child Sponsorship	33,341,000	33,819,000
Private Gifts, Grants and Contracts (including Bequests)	210,568,000	125,000,000
U.S. Government Grants and Contracts	108,737,000	111,114,000
Commodities and Ocean Freight	80,958,000	73,407,000
Other Revenue	13,258,000	12,900,000
Total Operating Revenue	446,862,000	356,240,000
Operating Expenses and Changes in Net Assets
Program Services
Education	104,000,000	56,773,000
Primary Health	66,184,000	49,530,000
HIV/AIDS	27,068,000	25,255,000
Economic Opportunity	4,887,000	6,951,000
Food Security and Resource Management	55,054,000	64,844,000
Emergency, Refugee and Civil Society	148,844,000	108,531,000
Program Development and Public Policy Support	18,109,000	14,333,000
Total Program Services	424,146,000	326,217,000
Fundraising	21,286,000	21,259,000
Management and General	17,362,000	13,679,000
Total Operating Expenses	462,794,000	361,155,000
Excess/(Deficit)* of Operating Revenue over Expenses	(15,932,000)	(4,915,000)
Excess/(Deficit) related to Unrestricted Funds	(5,989,000)	4,963,000
Deficit related to Temporary Restricted Funds	(9,943,000)	(9,878,000)
Non-Operating Activity (Endowment gifts & pledges, investment earnings and exchange gain/loss)	6,873,000	14,787,000
Total Operating Revenue and Non-Operating Activity	453,735,000	371,027,000
Total Operating Expenses	462,794,000	361,155,000
Increase/(Decrease) in Net Assets	(9,059,000)	9,872,000
Net Assets, Beginning of Fiscal Year	192,040,000	182,168,000
Net Assets, End of Fiscal Year	182,981,000	192,040,000

*The operating deficit represents spending against private gifts received in FY 2005 for the Southeast Asian tsunami 5-year program. These funds will continue to be spent over the next year. (through December 31, 2009).

In Fiscal Year 2008 on average, based on 2007 costs to administer gifts donated for current use, Save the Children charged 6 percent for restricted fundraising, 4 percent for management and general, and 4 percent for program development and public policy support.

A NEW FISCAL YEAR AT SAVE THE CHILDREN

Save the Children has changed its fiscal year end from Sept. 30 to December 31, effective on December 31, 2008, so there has been a short 3-month fiscal year from October 1 to December 31, 2008. The new calendar-based fiscal year starts January 1, 2009.