Consolidated Statement of Operations
Accrual and Cash Based Presentations Fiscal Years 2021 and 2020
The Wellbeing Project is a global non-profit organization with legal entities in France and Spain and with fiscal partners in the US and Canada. As part of the projects’ commitment to good governance and as mandated in our Governing document, all legal entities are audited. These materials are available upon request by clicking here.
FISCAL YEAR 2021
FISCAL YEAR 2020
During the fiscal year of 2020, TWP’s total consolidated donations was EUR 909,309 while the total consolidated expenses was EUR 1,029,418 resulting in a consolidated net loss of EUR 121,109.
The year 2020 was a challenging year for everyone with the onset of the global pandemic which was triggered by COVID-19. TWP experienced some reductions and delays in our donation commitments during this period. At a time when organizations were letting go of their staff or placing them on forced unpaid leave, TWP decided to retain all their team members. We were gratified and relieved that the great majority of delayed donations came through in early 2021.