During 2022 the activity continued recovering the face-to-face format, and total expenditure moved closer to pre-pandemic figures, with a 2% growth. The main donors renewed their support and two new memberships of the President’s Circle were secured. Funding for an amount of more than 800,000 euros was secured for a 4-year project within the framework of a consortium funded by the European Union.
The year ended with a negative net result of 110,774.02 euros. Equity (reserves) stood at 1,798,000€ at the end of 2022, an amount equivalent to one year of operations.
The organization expects an important growth of both income and expenditure during 2023 due to the implementation of the above mentioned 4-year project and to very likely new significant funding for projects.
US CERTIFIED PUBLIC CHARITY
Club de Madrid holds the Equivalency Determination certification from NGOsource.
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