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AIDS/LifeCycle
A Financial Overview of the
2002 & 2003 Rides
Figures obtained
from
AIDS/LifeCycle and ALC2
Report to Participants (PDF).
We have not been able to locate figures outlining the revenue split
between the San Francisco AIDS Foundation and the Los Angeles Gay &
Lesbian Center. The CARE Exchange strongly
suggests that people interested in participating in or donating to charity events review
the
revised
Standards
for Charitable Accountability. This includes the guideline for
charities to spend at least 65% of revenue on program expenses and no more
than 35% on fundraising and its administration. BBB Wise Giving
Alliance .
It offers guidance to donors on making informed giving decisions.
For detailed information about the AIDS/LifeCycle Ride visit the
AIDS/LifeCycle site |
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Results |
2002 |
2003 |
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Total Pledges &
Registration Fees: |
$3,200,000 |
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Total Other Revenue: |
$1,500,000 |
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Total Revenue: |
$4,700,000 |
$4,300,000 |
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Total Expenses: |
$3,100,000 |
$2,700,000 |
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Total Return to
Charities: |
$1,600,000 |
$1,600,000 |
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"Donor Dollar
Return" to Charities:** |
50%
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Traditional Calculation
Return to Charities:‡ |
34% |
37% |
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Percentage to cover
expenses: |
66% |
63% |
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Total Number of Riders: |
700 |
1009 |
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Cost per Rider: |
$4,428 |
$2,676 |
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Average Pledge raised
per Rider: |
$4,571
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$4,262
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Pledge Minimum |
$2,500 |
$2,500 |
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** "Donor
Dollar Return"
This figure is determined by using 100% of "Other Revenue" to offset Total
Expenses. This tells us how much of each donor's dollar ended back
with the charities, rather than the percentage of total revenue raised
going back to the charities. This figure will not provide an
accurate indication of the exact % of all money raised to cover expenses.
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100% less |
(Total Expenses -
Other Revenue) x 100 |
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Pledge Revenue |
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‡
Traditional Calculation Return to Charities
This is the more traditionally accepted percentage figure
organizations provide to explain return to charity against fundraising and administration costs
of the event. The figure is calculated as:
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(Total Revenue - Total
Expenses) x 100 |
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Total Revenue
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Extract of
Statement from AIDS/LifeCycle website concerning 2002 returns:
"Given the
challenges we faced in starting a new event, we are very pleased with this
result...
Though we have made a wonderful start, we remain committed to increasing
the percentage of funds returned to the charities. In particular,
AIDS/LifeCycle 2 will not require the more than $330,000 in one-time
start-up costs entailed in producing the inaugural event. AIDS/LifeCycle 2
will also have a full year for planning and recruitment, a considerable
advantage over the 5 months we had to create the inaugural event. These
factors, combined with the growing number of cyclists, our continued
careful management of expenses, and increased focus on in-kind donations
should lead to an even greater return to the beneficiaries, assuring that
vital HIV and AIDS services continue." |
Further
reading:
Financial Overview of the California AIDSRide 1994
- 2001
Overview of Pallotta
TeamWorks AIDSRide & AIDS Vaccine Ride Financial Results 1994-2001
Financial Overview of the
Boston New York / NorthEast AIDSRide 1995
- 2001
and
our News and press releases
about charity events
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