Lha is a non-profit, non-governmental, grassroots social work organization located in Dharamsala, India. Lha was founded in 1997 and in 2005 was registered as a non-profit and charitable trust in Himachal Pradesh. Every year we submit our income statements to the Indian Income-Tax Department and undergo an audit. The following are our financial statements from 2005 to 2011 fiscal years, which have already been reviewed. Following the financial statements are graphical representations of some of the key aspects we would like to highlight.
Lha's commitment is to help the Tibetan people survive and prosper in their new home of Dharamsala and to preserve their profoundly unique culture. The means to which we have been able to accomplish these goals has changed over the years. In 2005, as a young organization, Lha had few assets. Lha has steadily grown since then, and now occupies two buildings, which house our classes, soup kitchen, social services and volunteer and exchange student group accommodations.
In 2005 Lha had seven full time employees, which has since expanded to nine. The notable increase in wage expenses between 2009 and 2011 reflects the decision to provide a livable wage to the Tibetan employees.
Lha took on the responsibility to pay rent for the operations building during the 2009 financial year, after the purchasing of the new Ahimsa House building, and becoming more financially stable. Since 2005 we have slowly been accumulating assets for the language classes, computer courses and social services which function out of the building, such as computers for our offices and classes, and books and teaching resources for the community libraries.
In 2007 Lha began the process of acquiring a four story building, the Ahimsa House, to house a community soup kitchen and volunteer accommodation. In May 2011 Lha used the remaining funds from the corpus receipt and capital fund to make the final payment on the Ahimsa House. This will be reflected in the financial statement for the 2012 financial year. We began working on the community soup kitchen project in 2010 and officially opened it in 2011. Since 2007 Lha has also purchased many furnishings and appliances for the volunteer accommodations. The donations from Exchange students and volunteers staying in Lha’s accommodations have also created a new source of income for Lha. In the future, Lha hopes that the donations raised from visitors in these accommodations, in conjunction with cultural exchanges and visitors services, will create a stable and sustainable financial foundation for the organization.
