Fiscal Year 2016-2017 Financial Summary
Assistance League of Bend spent 71% of its revenue on philanthropic programs during fiscal year 2016-2017. This impressive return to the residents of Deschutes County was accomplished by our all-volunteer membership’s donation of 18,620 service hours with an estimated value of $454,688. Our philanthropic expenditures increased by $48,472 over the prior year. Assistance League is committed to using the funds entrusted to us to fulfill its mission as a public charity.
Support and Revenue
Generous contributions and grants provided 50% of the support for Assistance League during fiscal year 2016-2017. Members of the community also supported our efforts by attending our fundraising events.
Together these events provided $191,035 to support our programs. Additional funds were provided by program services, membership, and investment income. Thank you to our loyal donors for providing the funding to support the philanthropic activities of Assistance League.
Ending Net Assets
Net assets of Assistance League, defined as total assets less liabilities, totaled $583,500 as of May 31, 2017. This is an increase from the previous year of $29,863 due to successful fundraising events and grant awards. The assets of Assistance League consist of land, building improvements, furniture and equipment as well as cash investments, prepaid expenses and receivables.
The liabilities are accounts payable and deferred revenues.