2021 FINANCIAL REVIEW
Alley Oop Hoops continued to steward the dollars we received into the communities we serve. Thank you to everyone who contributed time, funds, introductions, feedback - trust our team will need you even more in 2022!
Alley Oop Hoops received total contributions in calendar year & fiscal year 2021 of $76,093.
$10,000 Grant income from businesses
$26,223 Individual donor income
$39,870 In-kind donations
Last year, in Alley Oop Hoops' inaugural half-year of 2020, we raised $24,898, annualized out to $49,796, and thus 2021 represented a 53% increase in fundraising budget versus prior year annualized.
Program Expenses accounted for 88% of our 2021 budget. Last year, program expenses accounted for 81% of our budget. 80% or more of funding to Program Expenses equals an "A" Rating at CharityWatch.org.
Fundraising Expenses accounted for 4% of our 2021 budget, at $2,881. Last year, fundraising expenses accounted for 5% of our budget. Fundraising Expenses included thank you letters, t-shirts and stickers for major donors.
Management Expenses accounted for 8% of our 2021 budget. Last year, management expenses accounted for 14% of our budget (due to start-up expenses that accounted for $3,114 of the $3,462 incurred last year). Major categories of management expenses included part-time labor, legal and accounting fees, and marketing & promotion.