Financial Overview

Thank you to all those who have supported us.  We are aiming to be the most efficient possible. As Masarang HK Society is run by volunteers, we aim ensure that as much as possible of every donation is sent to support the projects directly.

In order to remain as transparent as possible we will publish our audited annual reports on this page.

 

2016
Our 2016 report is not yet available.

 

2015
We are very proud that the accompanying audited report shows our efficiency in 2015 was 96.8%.

We managed to keep our administrative expenses at 9.26% of our total overheads. We spent about 96.8 cents for every dollar donated on actual programs that benefit the projects we aim to support.

Click here to view 2015 audited report.

 

We are a Hong Kong based Charitable Institution and we were granted tax exemption status under section 88 of the inland Revenue Ordinance on 23 May 2014.

Individual and business donors who are chargeable to salaries tax, personal assessment or profits tax can claim deduction for the aggregate of approved charitable donation up to 35% of the assessable income or profits, as the case may be, in the basis period of a year of assessment. Such aggregate must not be less than $100. (Sections 16D and 26C of the Inland Revenue Ordinance.

“Approved charitable donation” means a donation of money to any charitable institution or trust of a public character, which is exempt from tax under section 88 of the Inland Revenue Ordinance, or to the Government, for charitable purposes. (Section 2 of the Inland Revenue Ordinance)

Members of the public may check the list of charitable institutions and trusts of a public character, which are exempt from tax under section 88 of the Inland Revenue Ordinance as to whether the donations can be claimed for tax deduction.