WHERE DOES THE MONEY GO?
Perceptions of where a charity's money goes and how it is spent are important and significant issues for many donors. The IFYS Group is all too aware of this and feels that it has both a financial and moral responsibility to ensure that money goes to where it should.
Whilst a charity cannot exist without sound administrative systems and support, it is imperative to recognise that costs should be kept as low as possible so that the maximum amount of money goes to where it is needed – the cause for which the charity operates.
To this end, the IFYS Group is committed to ensuring administration of any donation does not exceed 20%.
The IFYS Group is dedicated to making sure that our administrative costs are kept as low as possible and that the maximum percentage of our income goes towards the client support programs.
OUR POSITION
IFYS Group endeavours to create and operate by a strong culture of compliance in regards to all our financial responsibilities and requirements.
IFYS enlists the services of independent auditors and we abide by the guidelines and the recommendations endorsed by the Australian Taxation Office.
We have Endorsement for Deductible Gift Recipient Status and we have an Endorsement for Tax Deductibility Concessions.
We are also a registered charity in every state of Australia.
ABN: 41 058 537 370
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