Financial Info

Africare understands that donors consider good financial stewardship to be an essential quality of a charitable organization. Africare's annual reports are available online. Below, find detailed financial info.

 

Efficiency

We strive to use every donor dollar efficiently, ensuring that the greatest possible assistance — "program services" — reaches the neediest families and communities in Africa.

 

Using the most recently audited fiscal year (2010), 96 percent of every Africare dollar goes to program services in Africa. Only 4 percent of every dollar goes to administration (management, general and fund raising).

 

 

Transparency

Also a part of good financial stewardship is transparency. For that reason, Africare's IRS Form 990s as well as our complete, audited financial statements are available for your review. Africare's fiscal year is July 1 through June 30. For example, FY2010 was July 1, 2009 through June 30, 2010.

 

View Africare's IRS Form 990s:

FY2010 (PDF, 1,846 KB)

FY2009 (PDF, 1,487KB)


FY2008 (PDF, 971 KB)

FY2007 (PDF, 10.6 MB)

FY2006 (PDF, 861 KB)

FY2005 (PDF, 956 KB)

View Africare's audited financial statements:

FY2010 (PDF, 546 KB)

FY2009 (PDF, 328KB)

FY2008 (PDF, 327 KB)

FY2007 (PDF, 320 KB)

FY2006 (PDF, 509 KB)

FY2005 (PDF, 114 KB)

FY2004: View in Africare's 2004 Annual Report (PDF, 3.22 MB)  

 

View Africare's annual reports

 

View Africare's evaluations by these charity-watchdog organizations:

American Institute of Philanthropy

BBB Wise Giving Alliance

Charity Navigator

 

Summary of financial statements, most recently audited fiscal year:

 

FY 2010 (July 1, 2009 through June 30, 2010)

REVENUE AND SUPPORT

Foundations and trusts, corporations, and individuals

Special events

Combined Federal Campaign (CFC)

Donated services and materials

Governments

Investment income and other

 

$13,377,589

 

624,884

217,774

10,882,481

35,830,064

998,243

TOTAL REVENUE AND SUPPORT

$61,931,035

EXPENSES

Program services

Food security, relief and refugee assistance

Health and water resource development

Agriculture and small-scale irrigation

Integrated rural development

Other development programs

Total program services

$16,195,505

21,937,099

7,915,793

8,759,743

5,291,696

$60,099,836

Support services

Management and general

Fundraising

Total supporting services

 

$2,668,967

1,099,219

3,768,186

TOTAL EXPENSES

$63,868,022

Changes in net assets from operations

Non-operating minimum pension liability adjustment, realized and unrealized investment gains, and losses on foreign exchange

Net assets, beginning of year

(1,936,987)


(637,832)



9,091,387

Net assets, end of year

$6,516,568
   
The above table is a summary. Africare's complete 2010 audited financial statements and 2010 IRS Form 990, or those same statements for previous years, can be viewed as PDF documents.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Updated May 2011)