Revised 2009 revenue for World Help and graph of revenue for last 4 years

Shortly after World Help posted revised financial statements for 2011 and 2010, it posted revised revenue numbers for 2009. After going over the revised numbers, I’ll show a graph tracing their total revenue over the last four years.

The revised 2009 information is visible in the audited financial statements for 2010/2009. You can find the page with World Help’s financial reports here. You can click directly to the 2010/2009 audited financial statements here.

The revised audit opinion is dated December 3, 2012. ‘Properties’ information in the PDF file of the financial statements indicate the file was created December 4, so my guess would be that is the date the revised financials were posted.

Here is the amount of gifts in kind revenue from the original financial statements and as revised.  The 2008 report did not break out the amount of revenue between cash and GIK.

 original  revised  change
2008                    –
2009        64,802,960       10,788,687        (54,014,273)
2010      108,563,274       47,626,590        (60,936,684)
2011      223,657,860       88,724,073      (134,933,787)
 —–  —–  —–
     397,024,094     147,139,350      (249,884,744)

Here is the total revenue for the last four years:

 original  revised  change
FY 08        22,611,097       22,611,097                    –
FY 09        75,565,108       21,550,835        (54,014,273)
FY 10      125,119,444       64,182,760        (60,936,684)
FY 11      239,334,459     104,400,672      (134,933,787)
 —–  —–  —–
     462,630,108     212,745,364      (249,884,744)

That is a $250 million drop in GIK over three years.

I graphed the total revenue for 2008 through 2011 before and after revisions of the GIK amounts. Here is the trend info:

World help revenue trend2

Previous posts can be found here.

One Response to Revised 2009 revenue for World Help and graph of revenue for last 4 years

  1. […] Next post:  Revised 2009 revenue for World Help and graph of revenue for last 4 years. […]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: