Third Ladder has a fiscal year-end of December 31. All reporting adheres to corresponding deadlines, IRS requirements, and Form-990 requirements.
Our Operating Budget for 2022 was approved by the Board of Directors at $325K. Total income in 2022 through donations, both undesignated gifts and designated gifts, was $385,407. Restricted funds given are utilized for their stipulated purpose, in compliance with legal requirements.
One hundred percent of MOU Agreements established with Projects were fulfilled, enabling us to meet our goals and submit 100% of established grant designations to Projects. Any shortfall in funding received was met with a necessary reduction in operating costs, including employee compensation and budget cuts in website development.
Through the work of our Projects and generosity of our Partners, we reached 11,840 individuals, and provided funding to 9 projects in Afghanistan, Bolivia, India, Kenya, Romania, and South Africa. To see all that was accomplished, click the link below to see our Annual Report.