How Much Money Does Tunnels to Towers Make?
Have you ever wondered about the financial impact of Tunnels to Towers? This non-profit organization, founded in memory of fallen 9/11 first responder Stephen Siller, has been making waves in the charity sector. Let’s delve into the financials and understand how much money Tunnels to Towers makes and how it utilizes these funds.
Revenue Sources
The primary sources of revenue for Tunnels to Towers include donations, fundraising events, and corporate sponsorships. Here’s a breakdown of these sources:
| Revenue Source | Percentage |
|---|---|
| Donations | 60% |
| Fundraising Events | 30% |
| Corporate Sponsorships | 10% |
Donations make up the largest portion of Tunnels to Towers’ revenue, accounting for 60% of the total. These donations come from individuals, corporations, and foundations that believe in the organization’s mission.
Annual Revenue
According to the latest financial statements, Tunnels to Towers has an annual revenue of approximately $5 million. This figure is derived from the various revenue sources mentioned earlier.
Expenditure
Understanding how Tunnels to Towers spends its funds is crucial to evaluating its financial health. Here’s a breakdown of the organization’s expenditure:
| Expenditure Category | Percentage |
|---|---|
| Program Services | 70% |
| Management and General | 20% |
| Fundraising | 10% |
Program services, which include grants to veterans, scholarships, and other initiatives, account for 70% of the organization’s expenditure. This highlights the organization’s commitment to fulfilling its mission.
Impact
While financials are important, the real measure of Tunnels to Towers’ success lies in its impact. Since its inception, the organization has provided over $50 million in grants to veterans and their families. This has helped countless individuals rebuild their lives after serving our country.
Conclusion
In conclusion, Tunnels to Towers has been making a significant impact in the charity sector. With an annual revenue of $5 million, the organization has been able to provide substantial support to veterans and their families. As a donor or sponsor, you can be confident that your contribution will be used effectively to fulfill the organization’s mission.