Where does your money go?
Kuwi.org is a recognized non-profit organisation registered in Amsterdam. We get project-related income from individuals and companies. These structural donors are important for the continuity of our work.
During our foundation (2017) we had major investments to finance. Nonetheless, we promised that 70p of each pound donated would directly fund climate projects. To fulfil this promise, we’ve relied heavily on loan capital for funding our support activities like housing, staffing, and IT.
These investments have paid off! Our community is growing rapidly, shifting our cost-to-income ratio towards a self-sustainable organisation. This means that we are now able to invest 80p of each pound directly into climate projects!
of every pound is invested in climate projects
The remaining 20%
Of course, there are other costs in addition to the objectives. We call these overhead costs. You can see how we spend this 20% in the diagram below. If the costs are lower than anticipated, the surplus goes toward our continuity reserve. We don’t aim to build up substantial equity capital.
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The above concerns the periodic contribution of members (companies and individuals). Of this, 80% always goes directly to the climate projects.
Kuwi.org also generates income from the sale of clothing and other merchandise. After deducting the costs (COGS) of the product, 80% of the income goes directly to climate projects. 20% is used for overhead costs.
How much does the director earn?
A popular and valid question. The director of Kuwi.org is Lisa Nguyen. Her salary is £39,500 excluding 7% holiday allowance. There are no further premiums, bonuses, additions, surtaxes, or expense allowances. View all details in our annual report.
Lisa previously worked as an Environmental Sciences teacher, but now works 36 hours a week for Kuwi.org.
Download our full annual report below
Transparency and trust are our core values. They go hand in hand with a responsible use of your money. For those interested, you can check out our compliance ledger with our receipts and certificates – and we also publish quarterly financial reports on this site so you can see that we keep our word.