Believe in Tomorrow National Children's Foundation meets the 20 Standards for Charity Accountability.
Believe In Tomorrow National Children's Foundation (BITCF) provides hospital and respite housing services to critically-ill children and their families. The organization believes that the highest standards of service and unparalleled hospitality help create a unique healing environment. BIT reports that its programs bring comfort, joy and hope, and enable children and their families to renew their spirits both mentally and physically. BITCF has provided over 900,000 overnight accommodations to families from every state in the U.S. and more than 82 countries worldwide.
For the year ended December 31, 2020, Believe in Tomorrow National Children's Foundation's program expenses were:
Children's housing |
$1,571,701 |
Total Program Expenses: |
$1,571,701 |
*2020 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Invitations to fund raising events, Planned giving arrangements, Print advertisements (newspapers, magazines, etc.)
Fundraising costs were 4% of related contributions. (Related contributions, which totaled $1,747,605 are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c) (3) of the Internal Revenue Code.It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Believe in Tomorrow National Children's Foundation's audited financial statements for the year ended December 31, 2020.
Source of Funds |
Public contributions |
$835,876 |
Fundraisers, net |
$458,111 |
In-kind contributions |
$390,308 |
Forgiveness of Paycheck Protection Program promissory note |
$179,223 |
Indirect public support |
$63,310 |
Investment income |
$10,748 |
Total Income |
$1,937,576 |
- Programs: 93%
- Fundraising: 4%
- Administrative: 3%
Total Income |
$1,937,576 |
Program expenses |
$1,571,701 |
Fundraising expenses |
$64,348 |
Administrative expenses |
$63,245 |
Other expenses |
$0 |
Total expenses: |
$1,699,294 |
Income in Excess of Expenses |
$238,282 |
Beginning Net Assets |
$7,802,916 |
Other Changes In Net Assets |
$0 |
Ending Net Assets |
$8,041,198 |
Total Liabilities |
$95,934 |
Total Assets |
$8,137,132 |