Photo: Alexandra Seegers

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 information.

 

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 (2013), 92% of every Africare dollar goes to program services in Africa. Only 8% of every dollar goes to administration (management, general and fund raising).

 

 

 

Transparency

Another 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, FY2012 was July 1, 2011 through June 30, 2012.

 

View Africare's IRS Form 990s:

FY2013

FY2012

FY2011

FY2010

FY2009


FY2008

FY2007

FY2006


FY2005

FY2004

View Africare's audited financial statements:

FY2013

FY2012

FY2011

FY2010

FY2009

FY2008

FY2007

FY2006

FY2005

FY2004 (View in Africare's 2004 Annual Report)

 

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 2013 (July 1, 2012 through June 30, 2013)

REVENUE AND SUPPORT

 
Foundations, Trusts, Corporations and Individuals
$16,814,036
Special Events
$712,506
Combined Federal Campaign (CFC)
$129,825
Donated Services and Materials
$1,498,140
Governments
$40,081,371
Investment Income and Other
$1,670,082
TOTAL REVENUE AND SUPPORT
$60,905,960

EXPENSES

Program Services
Health and Water Resources Development
$36,790,556
Food Security, Relief and Refugee Assistance
$7,157,793
Agriculture and Small Scale Irrigation
$4,628,215
Integrated Rural Development
$7,336,766
Other Development Programs
$2,004,193
Total Program Services
$57,917,523

Support Services

Management and General
$3,373,698
Fundraising
$1,442,510
Total Support Services
$4,816,208

TOTAL EXPENSES

$62,733,731

Change in Net Assets from Operations

($1,827,771)

Non-Operating Minimum Pension Liability Adjustment, Realized and Unrealized Investment Gain and Loss on Foreign Exchange
$387,500
Prior Year Adjustments to Indirect Cost Rates
($3,863,145)
Change in Net Assets
($5,303,416)

Net Assets, Beginning of Year

$12,673,140

Net Assets, End of Year
$7,369,724
The above table is a summary. Africare's complete 2013 audited financial statements and 2013 IRS Form 990, or those same statements for previous years, can be viewed as PDF documents.