Whether it is a fundraising event, a social gala, or other charitable works, there are so many different tasks and activities that need to be attended to. That is why the water becomes treacherous for charities to carry out the progress of those tasks. Amidst the hectic schedule, a report should be kept and updated timely to keep accounts of all undertakings made by the organization. Why? A report is an official document that contains information about charity projects, budget, activities, memberships, funds, and more. All these are confidential details which only the charity and other authorized people have access to. Do you want to know more about an annual charity report and how it benefits an organization? Continue reading this article.
FREE 10+ Charity Annual Report Samples & Templates in MS Word | PDF
1. Charity Financial Year Annual Report
2. Trustee Annual Report Template
3. Charity Commission Annual Return Report
4. Charity Commissioner’s Annual Report
5. Charity Trust Annual Report Template
6. Sample Hospital Charity Annual Report
7. Sample Money Charity Annual Report
8. Charity Financial Annual Report
9. Simple Charity Commission Annual Report
10. Formal Charity Trust Annual Report
11. Basic Charity Commission Annual Report
What Is an Annual Report?
According to the University of New Zealand, a report is a form of writing. The ideas in a report were organized based on identifying and investigating problems, events, or results that have occurred physically—like an activity that occurred within an organization, or investigative research outcomes. Additionally, these events and issues are also identified from a source of literature. With a report, readers or listeners acquire knowledge about all relevant events. You can present a report orally or in a written format too.
In the business industry, reports are vital tools for decision making. Since it is the bloodline of planning and problem solving, reports play a significant role in the progress of a business. More so, this document entails information regarding business aspects. Even professionals communicate their skills and experiences through reports.
Charity Annual Report: How Is It Important?
Whether it is a report regarding the financial condition, charity profile, or strategic planning process, preparing an annual report is the wisest decision a charity could ever make. Though most of the typical yearly reports are based on the funds of your organization, it could also be taken from the past year’s activities, project development, organization progress, or operational information. If you have an annual report on hand, you can execute your ideas and implement plans for the future undertakings of the charity. A report can even guide you through your goals.
Public Charities: An In-depth Encounter
The US-based marketing research company, Statista, listed the number of authorized public charities in the United States from 1998 to 2015. The number totaled to 1,088,447 in 2015, and the trend is reminding that the industry is still growing in number. The qualified charities came from the register of the Internal Revenue Service in the US.
Furthermore, in 2019, the company conducted a related survey asking the organizations whether they have seen growth in charitable donations through the years or not. Based on the report, since 2001, the year with the highest percentage of charitable receipts is 2018, increased to 63% compared to the year before.
How to Write a Comprehensive Charity Annual Report
Before considering making an annual charity report, try to ask yourself if there is a need to make one. As a team member of an organization, you have to utilize your time and spend it on urgent things. If the annual report is on the top of your priority list, we can help you with that. Below are tips in making sure your annual report is comprehensive. Find out more below.
1. Prepare Relevant Information
Like your charity policy, charity membership form, donation letter, formal letter, and sponsorship form, your annual report needs relevant information too. These documents are made for a variety of readers. As much as you want the report to sound good, rhetoric style of writing and jargon do not apply to this. Rather, focus on keeping it simple and easy-to-understand. Place the details where it is visible to the readers. And, you can add an infographic or charts, graphs, and tables to properly present information.
2. Outline the Report
Once you have collected all the details you need, start outlining the entire annual report. With an outline, you can create a temporary draft for your document. It gives you an overview of how the report will look like, and it arranges the parts so that it will be easier to work on them. An outline will also help you create the flow of your paper. Your report-making task does not stop with your outline. The most impart section of your document is its content. With the details you have, start building your ideas and support them with facts. Base these facts on reliable surveys, reports, references, researches, or charts.
3. Choose a Format
A proper format will make the annual charity report pleasant to look at; however, the format of the report varies depending on its purpose. Mostly, organizations have an existing template they use to writing a report. It ensures uniformity on their documents. But you can create your own format as long as you keep the report informative. To make the report more comprehensive, designate sections for every topic you want to discuss in the report. Thought organization is crucial, and it makes the content more readable.
4. Keep It Concise and Straightforward
A lengthy report could bore your reader. You can simplify the content of the report by summarizing important parts. Unless the organization requests a formal annual report, you can pass on a lean annual charity report. It will be shorter than the normal annual report, but it contains enough details to convey what you want the readers to understand. A lean report will not risk your ideas; it makes the document less complicated instead.
FAQs
Are non-profit organizations required to do an annual report?
All registered public charities with exemption to taxes are required by the Internal Revenue Service (IRS) to file an annual report.
Can you sue a non-profit organization?
Yes, you can sue a non-profit organization. Depending on what the organization is slacking, you can file a lawsuit if there is a need.
What does an annual report contain?
The annual report must define the purpose and its contribution to the community. For larger organizations, they have to provide a detailed strategic plan and assessment of what they have done in a particular timeframe.
To measure the growth of an organization, its previous achievements need to be documented. An annual report will help you highlight the growth of your charity. With this, you can come up with plans and projects on how to improve it even more. Start working on your annual report and ensure success in your charity.
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