HelpYourNGO
Multiple Iniitiatives Towards Upliftment (MITU)
Sector
Livelihood
Livelihood
Sub Sector
Skill Development
Skill Development
Tax Deduction
50% u/s 80G of The Income Tax Act, 1961
50% u/s 80G of The Income Tax Act, 1961
FCRA
% Spent on Beneficiaries
HelpYourNGO USP: Our Research Team studies the NGO's financials to arrive at ratios, variances and the % spent on beneficiaries. This % is the proportion of direct program expenses to total expenditure for the latest financial year, indicating the total direct spend on beneficiaries.
NGO Details
| Year of Establishment | : | 2009 |
| Registered Address | : | #68, Margosa Road Between 17th & 18th Cross Malleswaram, Bengaluru 560055, Karnataka |
| Website | : | https://www.mitufoundation.org |
| : | info@mitufoundation.org | |
| Telephone | : | +91 9740031720 |
| Donor Contact | : | Ms. Kala Charlu (Founder) / +91 7847086668 / kalacharlu@mitufoundation.org |
| Registered Under | : | The Indian Trust Act, 1882 |
| Auditor | : | M. A. Narasimhan & Co |
| Bankers | : | Corporation Bank State Bank of India |
| Trustees/Directors/Managing Committee | : | Ms. Kala Charlu, Founder , Mr. Kuldeep Parikh, Trustee , Ms. Chandrika Srinivas, Trustee |
Programs
Some of their activities in 2012-13 were as follows:
- Project Sudupayog: The organisation teaches women to make and sell covers or bags of different sizes and shapes. They sell these products in their showroom.
- Environment Day: MITU celebrated Environment Day at the BMS College for Women in Bangalore as a part of their Golden Jubilee celebrations. More than 2,000 girls and 200 faculty members interacted with NGOs conducting informative seminars, selling eco-friendly products, and organising workshops.
Financials
| Income & Expenditure Statement | |||
| FY 2011 (₹) | FY 2012 (₹) | FY 2013 (₹) | |
| Income | |||
| Government Sources | - | - | - |
| Foreign Sources | - | - | - |
| Institutional Sources | - | 2,750 | 6,562 |
| General Donations | 167,051 | 167,320 | 113,433 |
| Sales/Fees | 59,705 | 36,590 | 273,906 |
| Interest/Dividend | 2,756 | 18,329 | 18,446 |
| Other Income | - | - | - |
| Total Income (A) | 229,512 | 224,989 | 412,347 |
| Expenditure | |||
| Direct Program Activities | 49,900 | 194,252 | 279,137 |
| Program Staff Cost | 57,892 | 82,816 | 153,918 |
| Travel Expenses | 650 | 1,320 | 4,333 |
| Direct Program Expenses | 107,792 | 277,068 | 433,055 |
| Fund Raising Expenses | - | - | - |
| General Staff Cost | - | - | - |
| Overhead Expenses | 6,978 | 45,933 | 73,951 |
| Depreciation | 1,148 | 2,123 | 1,805 |
| Other Expenses/Transfers | - | - | - |
| Total Expenditure (B) | 116,568 | 326,444 | 513,144 |
| Surplus / Deficit (A-B) | 112,944 | -101,455 | -100,797 |
| Balance Sheet | |||
| FY 2011 (₹) | FY 2012 (₹) | FY 2013 (₹) | |
| Assets | |||
| Fixed Assets | 14,152 | 12,030 | 10,226 |
| Current Assets | - | - | 4,000 |
| Cash And Bank | 163,737 | 364,028 | 447,197 |
| Total Current Assets | 177,889 | 376,058 | 461,423 |
| Investments | 150,000 | 150,000 | 153,780 |
| Accumulated Deficits | - | - | 91,361 |
| Total Assets | 327,890 | 526,058 | 706,564 |
| Liabilities | |||
| Trust Corpus | 217,000 | 516,623 | 704,358 |
| General Funds | 110,890 | 9,435 | - |
| Earmarked Funds | - | - | - |
| Unutilized Grants | - | - | - |
| Total | 327,890 | 526,058 | 704,358 |
| Loans | - | - | - |
| Loans (From Members) | - | - | - |
| Current Liabilities | - | - | 2,206 |
| Other Liabilities | - | - | - |
| Total Liabilities | 327,890 | 526,058 | 706,564 |
| Financial Notes |
|
1) Sales and Service charges includes income from sale of paper bags sold at various exhibitions.
2) The NGO has been receiving funds regularly towards corpus. This, despite reporting deficits in the last two years it has gradually built up its corpus. |
Additional Information
| FY 2011 (₹) | FY 2012 (₹) | FY 2013 (₹) | |
| Beneficiary Details | |||
| Direct Beneficiaries (nos.) | 750 | 1,000 | 1,000 |
| Indirect Beneficiaries (nos.) | 3,000 | 5,000 | 6,000 |
| Average Cost per Direct Beneficiary (₹) | - | - | - |
| Staff Details | |||
| No. of Staff | 2 | 4 | 4 |
| Number of Consultants | 1 | 2 | 3 |
| Number Of Volunteers | 15 | 20 | 25 |
| Total | 18 | 26 | 32 |
| Highest Paid Full-Time Staff (₹ p.a.) | 30,000 | 42,000 | 72,000 |
| Lowest Paid Full-Time Staff (₹ p.a.) | - | - | - |
Financial Overview:
Income and Expenses
Peer Comparison
| NGO Name | Sector | Sub Sector | Location | % Spent on Beneficiaries | Income (₹) | Expense (₹) | FY |
| Rural Human Development Centre (RHDC) | Livelihood | Self Help Groups - Women | Punjab | 99 | 247,082 | 242,708 | 2013 |
| AROHA Multipurpose Society | Livelihood | Self Help Groups - Women | Maharashtra | 99 | 1,317,812 | 1,288,168 | 2014 |
| United Artists' Association | Livelihood | Community Development | Orissa | 99 | 16,173,469 | 15,919,916 | 2014 |
| Gramin Evam Samajik Vikas Sansthan (GSVS) | Livelihood | Skill Development | Rajasthan | 99 | 39,974,347 | 39,466,936 | 2021 |
| Janmitram Kalyan Samiti | Livelihood | Agriculture | Chhattisgarh | 99 | 17,539,883 | 18,920,699 | 2013 |
| Multiple Iniitiatives Towards Upliftment (MITU) | Livelihood | Skill Development | Karnataka | 85 | 412,347 | 513,144 | 2013 |
