NEW VENTURE FUND
Mission Statement
Our mission is to improve the lives of women globally. In our core cause areas of Breast Cancer and Domestic Violence, we aim to accelerate progress, accountability and discovery, while also reducing the social stigma that sometimes keeps these issues in the shadows. We take a woman-centric approach on all projects to break traditional barriers and build a better future for women, because we know that the greater the support, the more empowered women feel to take control of their health and safety. We lead efforts to eradicate breast cancer through the Avon Breast Cancer Crusade, and to end domestic and gender violence through the Avon Speak Out Against Domestic Violence program using four key strategies: •Funding the most promising work; •Convening grantees, partners and other thought leaders to collaborate and share best practices for improved outcomes; •Initiating new directions and innovative projects to accelerate progress; and •Educating the general public and key audiences to drive and change behavior to achieve its mission goals.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
94.7% | 92.4% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
5.0% | 5.2% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.3% | 1.1% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
8.9 mo | 13.7 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
14.5% | 24.7% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
94.9% | 94.8% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
-1.0% | 13.4% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-19.2% | 5.4% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-9.2% | 2.3% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $662.4M | $723.0M | $534.3M | 94.7% | 732 |
| 2023 | $669.1M | $894.8M | $627.3M | 95.5% | 964 |
| 2022 | $755.6M | $825.0M | $895.0M | 95.5% | 1075 |
| 2021 | $963.8M | $552.5M | N/A | — | 986 |
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