All of us at ILT would like to say to our donors, “Thank you!” The fiscal year ended June 30 for ILT. With this, the last fund-raising campaign of the fiscal year also ended. The goal of this campaign was to raise $100,000 to support general expenses and to help ILT meet its budgeted goals. ILT received $95,400, 95% of its goal. To all who have donated to the work of ILT, thank you very much! ILT could not exist without the support that it receives from the deep generosity of its donors.
It is difficult to overestimate the importance of those who give to ILT. The goal for the ILT budget which ended in June was to raise $750,000 through contributions. ILT received $725,000 in contributions bringing us to 96.7% of our goal. Because of this generous giving and the frugal spending of our staff, ILT was able to end in the black and to meet all our fiscal and budgetary goals. Again, thank you so much from all of us for your help in being able to achieve this important accomplishment.
Total operational revenue for this fiscal year is almost $972,000. 75% of the revenue ILT uses to operate comes from donors and 25% from tuition. ILT’s ministry is ultimately dependent on donors and those who are committed to helping ILT accomplish its mission. Because of your donations, ILT can continue to offer classes at an affordable rate and the students can graduate without debt. Again, from all of us at ILT, “Thank you!” ILT would be impossible without your support.