Finances
Often people living in poverty do not seek skilled medical services because they are afraid of the cost. So far, LAMB has managed to find ways to make healthcare accessible to the poor.
Income
LAMB Hospital earns about 80% of the costs it needs to run, either from fees for service or specific patient-focused grants. For the rest of the costs, particularly those that enable us to serve the poor, we rely on donations.
The income split for LAMB’s normal operations is approximately:
- 27% patient fees and medicines
- 6% training and school fees
- 45% for work done for grant providers
- 2% other income 20% from donations to LAMB - about half of which goes to the Poor Fund subsidy, available for patients who are least able to pay.
LAMB relies on charitable donations for approximately 20% of its income – primarily to cover the hospital and Poor Fund deficits. The majority of donations are from Friends of LAMB groups – LAMB Health UK, and World Mission Prayer League (WMPL) in the USA. They raise invaluable support from individuals, churches, and other groups.
LAMB also receives donations in the form of service from expatriate volunteer and missionary staff, who don’t receive salaries. Volunteer staff are able to serve at LAMB thanks to supporters from their home countries contributing to their living allowances.
Annual Budget
The annual budget for normal operations of LAMB is now nearly US$4 million, GB £3.3 million, Taka 34 crore. Other needs such as new equipment and maintenance increases this budget.
- 50 % goes toward salaries
- 17 % is for staff field work and training
- 15 % is to purchase medicines and supplies
- 19 % goes to capital, maintenance and other costs
Funding sources
The LAMB Profile document includes an overview of LAMB funders for the last 10 years or so. We are regularly approached by funders who hope to implement projects in partnership with LAMB. References are available of current, recent and past partners.