How is the money spent?
35% - Integrated Education Support
28% - Child Family Expenses
19% - Administrative Expenses
18% - Health and Nutrition
All these years our work has been supported extensively by donations from abroad. With the recession in Europe and USA, the foreign donations are on the decline. Since we are a self-implementing NGO unlike other large NGOs and we provide long term care to abandoned children over a period of 24 years, we need sustained support.
Even today, more than 60% of our project cost is still met by the donations from our overseas friends. To simply sustain our current level of work, to simply manage the 6700 children who live in our children’s villages across India, we are in need of support, not a one-time donation, but a sustained support.
All Donations to SOS India are 100% tax exempted u/s 35 AC/80GGA(2) of IT Act 1961.
Section 35AC exemption is available to assesses who have income under the head – ‘Income from Business and Profession’. All corporates, businessmen and professionals (doctors, lawyers, CA’s etc.) can claim a 100% deduction under this provision. We have the necessary approvals for 35AC, valid till 31.03.2018.
Section 80GGA: For assesses who do not have income from business or profession, i.e. all individual donors, can claim 100% tax exemptions on donations made by them under Section 80GGA.
Receipts & Payments, Income & Expenditure and Balance sheet of foreign contribution