During 2023, activity grew considerably, with financial figures similar to pre-pandemic years in nominal terms: revenue increased by 30% while total expenditure increased by 19%. The main donors maintained their support and, more importantly, the Ford Foundation approved a two-year grant which, along with other previously secured grants, further consolidated the % of multiannual funding which, in turn, contributes to greater financial stability and to the implementation of the mid-term programmatic strategy.
The financial result was positive (56,933.28€). Our total equity, at 1,854,841€, continues to be equivalent to more than one year of fixed costs, which represents a very robust level of solvency, above the sector average.
US CERTIFIED PUBLIC CHARITY
Club de Madrid holds the Equivalency Determination certification from NGOsource.
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