An Unusual Year
2020 began with great optimism at Effect Hope. We could never have predicted the global fall-out that was coming.
We planned to help people but the pandemic lockdowns happened at an especially critical time when we implement programs with our partners. Though we were not expecting a pandemic, we were ready and equipped to support our partners. We have responded to crises in the past, and we knew what to do.
Our finances reflect the exceptional circumstances. Some of our ministry expenses have been pushed out to 2021 and beyond. This was a decision led by our delivery partners overseas. We are ready to support them.
In some of the places we work, public health systems are limited or not as resilient – 2020 has tested them. We will be there to support these systems and our partners as they strengthen capacity. We are hopeful that our impact will continue to grow as we lower costs in Canada and work with our partners overseas to implement best practices and effective programs.
We reduced our promotional costs by about half from $956k to $490k. We found better, more efficient, and effective ways to tell our story to help even more.
The whole non-profit sector saw an estimated 20-40% decline in giving this year due to the pandemic. Thanks to you, Effect Hope fared well. Our revenues were down just 10 percent this year. We also received $394K of government wage subsidies. We are grateful that our Legacy gifts were up – $1.5M in 2020 compared to $1.08M in 2019.