For the fiscal year 2015, we received over $190 million in contributions and grants. This allowed us to help save or improve the lives of more than 3.4 million people in 32 countries around the world.
Organizationally, we are leaner and more efficient than our peers, due in part to donated medical supplies and the substantial participation of volunteers. Our proven processes and good stewardship of financial resources help us do more with less. In fiscal year 2015, every gift was multiplied 12x to have an even greater impact around the world.
Our funding comes from a broad base of generous individuals and foundations, so we are not heavily dependent on government grants. This allows us to continue our work without interruptions that can occur from funding cycles or government budget changes.
Medical Teams International is a 501(c)(3) charitable organization. Our federal tax id number is 93-0878944. We are a non-denominational, faith-based, non-governmental agency.
How we measure efficiency
Overhead (or efficiency) is defined as the percentage of total expense that is used for general, administrative, and fundraising costs and is calculated as follows:
General, Administrative & Fundraising Expenses / Total Expense
While including GIK in Total Expense figures is common industry practice, we believe it is important to clearly show the impact and to show both ratios.
A large percentage of our total expenditures come from donated supplies and materials used in our programs, but the valuations we use are estimates only and can distort the calculation of efficiency. The resulting overhead percentage can be misleading and cause donors to believe that, for example, 96 cents of every dollar goes directly to programs versus other expenses.