Mith Samlanh aims to be financially self-sustainable by running its vocational training programs as real businesses. This gives the students the opportunity to gain hands on practical skills and also helps Mith Samlanh to fund its own activities. Proceeds from these businesses are reinvested back into Mith Samlanh’s training programs, allowing more students and families to take part in these programs and improve their futures.
Mith Samlanh is now achieving a 46%* rate of self–sustainability. (*calculated by taking the business income figure as a percentage of total expenses).
Mith Samlanh’s current most urgent financial need is repaying its loan to buy the Mith Samlanh Centre. The current mortgage balance owing amounts to $1,135,000. While the purchase of this center is crucial for the long term sustainability of Mith Samlanh and its ability to provide services to children and youth, all Mith Samlanh’s surplus funds are being exhausted by this mortgage, leaving little flexibility for other needs.
Mith Samlanh strives to keep it’s administrative costs to a minimum, while not compromising it’s effect. Currently, administrative costs are 5% of total expenses. Annually, Mith Samlanh has an annual financial audit conducted by internationally recognised and independent auditors. Audited financial statements are available upon request by emailing info@mithsamlanh.org
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