The NonProfit Times - November 1, 2008 - (Page 19)

THE 2008 NPT TOP 100 Hadassah's Tower Campaign has raised $210 million worldwide since it began four years ago. The charity plans to celebrate its centennial in 2012 with the dedication of the Sarah Wetsman Davidson Tower at the Hadassah Medical Center in Jerusalem. The campaign has helped the New York City-based charity climb up the NPT 100 in recent years. wide. A $75-million gift was received in March 2007 while two pledges totaling $34 million were received the previous year for the 14-story, 500-bed project that also will include 20 operating rooms and 50 ICU beds. Bequests collected also have increased for the organization.According to its consolidated financial statements for FYE 2007, contributions and bequests expected to be collected in one year jumped from $28 million in 2006 to almost $47 million for 2007. That trend is expected to continue as amounts to be collected in one to five years were estimated at $27 million in 2006 but $73 million in 2007. While Hadassah has enjoyed a meteoric rise, Direct Relief International’s ascent is more like a yo-yo. Back in this year’s list, the Goleta, Calif.-based agency last made the NPT 100 two years ago. In addition to a $32-million bequest, Direct Relief received $80 million in donated pharmaceuticals, supplies and equipment, which tend to fluctuate year-to-year, not unlike its NPT 100 ranking. Direct Relief went from making the list in 2006 as a result of hurricane and tsunami relief, to missing out last year, to leaping to No. 60 with $234 million in total revenue. Direct Relief wasn’t the only organization to benefit from pharmaceutical industry contributions. Catholic Medical Mission Board (84) moved up from No. 99 last year, Map International (36) was up from No. 49, and The Carter Center (99) returned to the NPT 100 after a year’s absence thanks to those types of donations. “Part of our strategic plan was to focus more on donations from the pharmaceutical industry,” said Thomas Gray, chief financial officer for Catholic Medical Mission Board.The lion’s share of the $45-million increase in public support was directly attributable, he said, to support from the pharmaceutical industry, helping the New York City-based nonprofit crack $200 million in total revenue. $1 BILLION IS REAL MONEY Last year’s “buy-in” to make it into the top 100 was $148.6 million (Project HOPE), which was up from $135 million the year before (Arthritis Foundation).That figure continues to increase as this year’s buy-in is $174.4 million (Kennedy Center for the Performing Arts), about $25.8 million or 17.3 percent, more than last year. This year’s NPT 100 has 32 organizations with revenue exceeding $500 million and 57 with revenue of more than $250 million, up slightly from last year’s 33 that had $500 million or more and 50 of $250 million-plus. There are 11 nonprofits with more than $1 billion in total revenue, the same number as last year, despite two new organizations in that exclusive club. United Jewish Communities and Memorial Sloan-Kettering Cancer Center dropped out but Easter Seals (8) and Food For the Poor (10) each eclipsed the 10-figure mark for revenue. Memorial Sloan-Kettering Cancer Center (MSKCC) in New York City took almost $2 billion in revenue out of the top 100 since its public support dropped below the required 10-percent of total revenue. Ranked No. 7 in last year’s report with $1.83 billion in total revenue ($239 million in public support), MSKCC eclipsed $2.3 billion this year, however, that was more a result of increased government support (more than $20 million) and investment income (more than $40 million) as public support dipped to $205 million (8.9 percent of total revenue). Conversely, United Cerebral Palsy Associations (UCPA) returned to the top 100 at No. 32 with its public support floating above 10 percent this year.Volunteers of America (18) had the lowest percentage of revenue from public support among NPT 100 groups this year, barely qualifying for the list with about 10.27 percent. Despite losing Sloan-Kettering this year, the NPT 100 is still pretty top-heavy with the top five organizations – each over $3 billion – accounting for a third of the list’s almost $20 billion in revenue.The top 25 groups had $39 billion of all revenue, about 65 percent, down from two-thirds last year. The top half of the NPT 100 was responsible for almost 82 percent of all revenue, or about $49 billion. JOINING THE CLUB Newcomers to this year’s NPT 100 are The Conservation Fund (88) and the National Sept. 11 Memorial and Museum (87).The Conservation Fund making the list was more a function of an accounting change while the Sept. 11 Memorial and Museum benefited from a boost in government support as well as public support, rising from $116 million last year to $195 million in total revenue (See “National September 11 Memorial & Museum Finds Its Footing” on Page 32). There are at least six organizations that appeared last year that won’t be found on the 2008 edition.The largest freefall was that of the Museum of Fine Arts (MFA), Houston, which ranked No. 41 with $295 million in total revenue ($185 million in public support) but plummeted, dropping from the list with only $80 million in total revenue ($30 million in public support). The primary reason MFA, Houston dropped off was the final distribution of $150 million during FYE 2006 from a $450-million bequest made in 2003. The Muscular Dystrophy Association (MDA), ranked No. 83 last year, would have made the report but a change in its fiscal year resulted in only nine months on their most recent Form 990. The Tucson, Ariz.-based nonprofit switched from an April-to-March fiscal year to a calendar year, leaving only April to December financial data, which reported only about $139 million in revenue. MDA routinely has more than $180 million in annual revenue, a figure that would have placed it in the list. Revenue for the U.S. Olympic Committee (USOC) fluctuates depending on the year, so it’s no surprise that last year’s $205 million (75) in anticipation of the Beijing games, declined to $146 million and dropped the group from the list. A number of charities that were edged off this year’s NPT 100 were those that barely made the cut last year: JA Worldwide (96 last year), Educational Broadcasting Corporation (93) and American Lung Association (94). Despite revenue rising slightly for all three, it wasn’t enough to remain in the top 100, instead leaving them just on the outside looking in. NPT Movers and shakers in the NPT 100 2008 rank 2007 rank Direct Relief International Trust for Public Land Hadassah National Gallery of Art World Wildlife Fund United Nations Foundation Museum of Fine Arts, Boston Marine Toys for Tots Foundation Mercy Corps 62 73 46 65 70 98 97 82 95 NR 98 68 84 89 53 59 62 76 55 Change — +25 +22 +19 +19 -45 -38 -20 -19 -17 American Museum of Natural History 72 NOVEMBER 1, 2008 THE NONPROFIT TIMES www.nptimes.com 19 http://www.nptimes.com

Table of Contents Feed for the Digital Edition of The NonProfit Times - November 1, 2008

The NonProfit Times - November 1, 2008 Reach Out Community Investment Loans Agencies Aim For Back Office Savings Contents Page 4 Special Report: An In-Depth Study of America's Largest Profits Charity Accounts Foretold Ecomonic Meltdown Liquid Assets Groups Shaving Expenses With An Eye Toward ROI Green Is Good Governance Becoming Institutionalized National September 11 Memorial & Museum Finds Its Footing NPT 100 Groups Turning Real Estate Into Cash NPT 100 Investments Beat Broader Market The NPT Power & Influence Top 50 Gala Calendar NPT Jobs Resource Directory

The NonProfit Times - November 1, 2008

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