Financials | Iko Poran

Iko Poran - Financials

Since 2004 Iko Poran has been constantly strengthening an increasing number of partner organizations with international volunteer service and financial support.

The first year in which Iko Poran received volunteers was 2004 and the total revenue for this year was R$16,907.63; in 2005 the revenues grew to R$125,987.11, or grew by 745%; in this same period, our donations to our partner organizations grew by 1,063%, from R$5,536.40 to R$58,860.06.

From 2005 to 2006 the revenues grew by 60%, totaling R$208,280.27, though R$16,000.00 was an award of the National Arts Foundation to support the circus, and R$14,553.24 were donations from sponsors directed to our partner organizations. Our donations to the partner organizations network continued to grow in 2006 and totaled R$100,685.69.

In 2007, the revenues were about the same as 2006: R$211,008.22; but this number does not reflect the growth of the initiative once we did not receive any award or donations from sponsors and the number of volunteers grew approximately 30%. We donated R$98,268.39 to our partner organizations in 2007.

Iko Poran's financial priority is to support the partner NGO network. Therefore, the largest institutional expense, approximately 50% of the total revenue, is directly donated to these partner organizations.

Iko Poran is able to fulfill its financial priority by staying committed to its "Mission" of "implementing volunteer programs and projects that make a positive impact on the organizations in which they take place".

Iko Poran's revenue growth and increased productivity are significant indicators of sound governance and successful "Mission" application.

These financial graphs below are presented with total disclosure to ensure our accountability and we hope that they encourage you to become a part of the Iko Poran family, either as a sponsor, volunteer or partner organization.