The Make A Wish Foundation grants the wish of children diagnosed with a life-threatening medical condition in the United States. The belief is that these wishes can make life better as they give hope, strength, and joy to sick children The Make A Wish foundation mission is that with the help of donors and volunteers, grants a wish to sick children. The organization grants a wish every 34 minutes on average and has granted more than 285,000 wishes since the foundation was started in 1980. The organization believes that granting wishes is a vital part of society. That wishes impact everyone involved and offer a bright moment in the life of sick children in need. In my paper I will look at the financial information of the make a wish foundation …show more content…
The companies contributed, and grants revenue is the company’s biggest revenue source as a well biggest growth of all other revenue sources. Contributed revenue is the biggest financial revenue gain for the company. Contributed revenue grew 4.46% in 2014 to 2015 with total revenue of 77,717,414 in 2014 and in 2015 total revenue was 81,180,580. In 2016 The Make a Wish Foundation was 94,677,961 up 16.63% compared to the prior year 81,180,580. The companies contributed income as of 2016 accounts for 84.10% percent of the company’s total income. Conversely, the companies earned income is a much smaller piece of the pie. The company brought in 8,593,139 with the majority of that income coming from company chapter assessments being 8,146,744. The company also has other sources of earned income as well bring in investment bring in 1,993,144 in other income and 4,467,211 in 2016. The biggest growth of earned income for the company are program and services and other revenue sources with a program in 2014 were 6,823,138 and in 2015 was 7,657,962 million. During the company’s current fiscal year program and service, revenue total was 8,593,199 with about a 12% increase each year for the last three years. The company’s other being revenue source investments has also grown steadily from 664,860 to 1,386,428 which is an increase of over 108.53% and increased again with other revenue totaling 1,993,144 in …show more content…
If we look at the company’s financial situation we can see that the companies most major stake is its contributed revenue. Contributed revenue making most of the company’s main and most reliable revenue source with it remaining the largest and fastest growing revenue source over the last three years. The organization seems to be doing relatively well in terms of finical health. The organization has strong revenue reliability with contribute revenue rising over the last three years. All major sources of income have seen a reliable increase from the prior year. Although the company looks to be in good shape there are some improvements that could be made to the company’s revenue streams. I think the first major revenue improvement the company can make is to focus on maintenance and growth of the contribute revenue stream. I think a continued focus on getting new grants and donors will be key to continuing the financial success of the company this can be done through stronger advertising or fundraising. The companies contributed revenue generally makes up about 85% of the company’s revenue and due to how a company like make a wish foundation operates which heavily reliant on contributed income to maintain strong financial health the company needs to focus on finding new ways to raise and maintain donated money. I think