Financial statement

Indicators of efficiency
and organizational capability

The Financial Statements issued by AIRC fulfil their obligation of reporting, transparency and information to members and supporters.

Being efficient means spending just the right sum to get the best possible result, in other words: allocating 81.5% of the available resources for institutional activity. The efficiency indicators listed below were defined on the basis of homogeneous reference schemes shared with most national common practices.

 

Fundraising efficiency index

This indicator expresses the quota of collection expenditure per each euro received. In 2021, only 14 cents out of each euro donated were used for the organisation of the various fundraising initiatives.

TOTAL FUNDRAISING Fundraising cost NET FUNDRAISING 160.8 22.2 138.6 2021 efficiency based on € 1.00 2021 (values expressed in million euro) € 0.14 Fundraising cost € 0.86 Net fundraising
Total fundraising Fundraising cost NET FUNDRAISING 160.822.2138.6 2021 Efficiency based on € 1.00 2021 (values expressed in million euro) € 0.86Netfundraising € 0.14Fundraising cost

Fund Assignment Speed in 2021

The following table shows the average time intervening between the allocation of funds and their actual disbursement.

(values expressed in million euro)

* €15 million set aside for 2021, of which € 2.3 million allocated in the first months of 2022 and € 12.7 million still to be allocated € 24.4residual 14.9% € 13.27 to 12 months8.0% € 12.7*Reserves 7.7% € 114.11 to 6 months69.4% € 0.1 € 0.5 € 1.7 € 1.8 Fellowships2022Fellowships2023Fellowships2024Fellowships2025 FundAssignmentspeed
€ 24.4residual14.9% € 13.27 to 12 months8.0% € 12.7*Reserves7.7% € 114.11 to 6 months69.4% FundAssignmentspeed € 0.1 € 0.5 € 1.7 € 1.8 Fellowships2022Fellowships2023Fellowships2024Fellowships2025 * €15 million set aside for 2021, of which € 2.3 million allocated in the first months of 2022 and € 12.7 million still to be allocated

Management efficiency index

The following charts show our profit allocation among the various areas of activity

€ 10.8 6.3%Property and other activities profits € 69.3 40.4%“5 per mille””contribution € 33.6 19.6%Inheritances € 57.9 33.7%Voluntarycontributions € 171.6 (in million €) Total profit 2021
€ 10.8 6.3%Propertyand otheractivities profits € 33.6 19.6%Inheritances € 69.3 40.4%“5 per mille”contribution € 57.9 33.7%Voluntarycontributions € 171.6 (in million €) TOTAL PROFIT 2021
€ 1.2 0.8%Property andother activities duties € 5.3 3.4%General supportduties € 22.2 14.3%Fundraisingduties € 126.8 81.5%General interestactivities € 16.1 Fiscal year surplusto be destinedto future allocation € 171.6 (in million €) Total funds end use 2021