Analysis Reports
Response to Consultation Paper on Charities II
- Suggestion 1: To make financial statements submitted by charities to Inland Revenue Department publicly accessible
- Suggestion 2: To set a standardized form similar to Form 990 of Inland Revenue Department in the U.S. so that the public can understand the figures
- Suggestion 3: To amend ordinance of large charities with long history and require charities to make financial status available to the public
Response to Consultation Paper on Charities I
- In 2009, interviewees said (1) Reputation and (2) Transparency of charities were important factors while making donation decisions.
- In 2010, more than 80% of interviewees thought charities in Hong Kong had low transparency.
Donation Trend in Past 5 Years
- Hongkongnist are kind people. Total amount of tax exempted donation increases every year.
- Donation did NOT decrease after SARS in 2003 and financial tsunami in 2008.
- Corporations contributed to the community after making profits. CAGR of donation with profit tax exemption was 18.8% for FY2004 to FY2009.
- CAGR of public donation with salary tax exemption was 11.6% for FY2004 to FY2009.
