The Hole in the Wall Gang Camp
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
The Hole in the Wall Gang Camp does not meet the following 1 Standards for Charity Accountability:
Standard 10 (Ending Net Assets)
Avoid accumulating funds that could be used for current program activities. To meet this standard, the charity's unrestricted net assets available for use should not be more than three times the size of the past year's expenses or three times the size of the current year's budget, whichever is higher.
The Hole in the Wall Gang Camp does not meet this Standard because:
- According to the organization's audited financial statements for the year ended November 30, 2023, the organization's total unrestricted net assets were $108,342,132, or 4.6 times the charity's total budgeted expenses of $23,187,919.
In response to the finding, the charity stated:
"The Hole in the Wall Gang Camp's operating reserve is restricted as a fund-functioning-as-endowment. The purpose of the fund is to support Camp's philanthropic mission in perpetuity and fortifies Camp's long-term financial sustainability. Camp's budget is balanced through the combination of annual contributions and up to 5% of the draw from Camp's fund-functioning-as-endowment. This very intentional construct is directly responsive to the growing and urgent needs of children with serious illnesses and their families."
The Hole in the Wall Gang Camp meets the remaining 19 Standards for Charity Accountability.
Stated Purpose:
"to create ongoing Camp connections that build a joy-filled, inclusive community where children – and families in all the forms they come in – are not alone in their challenges and more than a diagnosis."
Year, State Incorporated:
1985, CT
Also Known As:
The Hole in the Wall Gang Fund
The Hole in the Wall Gang Camp (HITWG) provides “a different kind of healing” to children with serious illnesses and their families through year-round programs celebrating the fun, friendship and spirit of childhood. The original camp facility is located in Connecticut, and in 2022, the organization acquired property in Maryland to establish a second location. HITWG also has a hospital outreach program whereby the organization works collaboratively with hospitals to improve the quality of life for children during medical treatment. The organization also, at times, provides assistance in the form of grants, financial, and other support to other camps in the United States and in other countries. In 2022-23, HITWG provided on-site programs for 2,272 participants totaling 9,178 "camper" days, 36,356 in-person hospital visits, and supplied virtual programming in hospitals, homes, and alternative community groups for 1,508 participants.
For the year ended November 30, 2023, The Hole in the Wall Gang Camp's program expenses were:
| Camp programs | $8,862,296 |
| Outreach programs | $4,581,576 |
| Total Program Expenses | $13,443,872 |
Chief Executive
James Canton, Chief Executive Officer
Compensation*
$343,242
Chair of the Board
Raymond Lamontagne
Chair's Profession / Business Affiliation
Retired, Past President, Seavest Inc.
Board Size
28
Paid Staff Size
108
*2022 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Direct mail appeals, Membership appeals, Planned giving arrangements
Fundraising costs were 26% of related contributions. (Related contributions, which totaled $12,269,565, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on The Hole in the Wall Gang Camp's audited financial statements for the year ended November 30, 2023.
Source of Funds
| Contributions | $8,201,130 |
| Realized and unrealized interest on investments, net | $6,950,789 |
| Special events, net | $4,004,961 |
| Dividend and interest income | $2,310,751 |
| In-kind contributions | $63,474 |
| Other income | $15,992 |
| Total Income | $21,547,097 |
Programs: 74% Fundraising: 18% Administrative: 8%
| Total Income | $21,547,097 |
| Total expenses: | $18,165,884 |
| Program expenses | $13,443,872 |
| Fundraising expenses | $3,208,566 |
| Administrative expenses | $1,513,446 |
| Other expenses | $0 |
| Income in Excess of Expenses | $3,381,213 |
| Beginning Net Assets | $144,051,696 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $147,432,909 |
| Total Liabilities | $1,363,674 |
| Total Assets | $148,796,583 |
Note: According to HITWG's audited financial statements for the year ended November 30, 2023, the organization received in-kind contributions totaling $63,474 in the form of program supplies and equipment.
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
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