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 (2012), 94% of every Africare dollar goes to program services in Africa. Only 6% 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:

FY2012

FY2011

FY2010

FY2009


FY2008

FY2007

FY2006


FY2005 (PDF, 956 KB)

FY2004

View Africare's audited financial statements:

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 2012 (July 1, 2011 through June 30, 2012)

REVENUE AND SUPPORT

Foundations and trusts, corporations, and individuals

Special events

Combined Federal Campaign (CFC)

Donated services and materials

Governments

Investment income and other

 

18,294,197

 

669,604

190,956

13,212,449

42,323,519

580,703

TOTAL REVENUE AND SUPPORT

$75,271,428

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

15,950,942

31,549,263

12,830,359

4,773,191

5,123,322

$70,227,077

Support services

Management and general

Fundraising

Total supporting services

 

3,770,265

898,830

$4,669,095

TOTAL EXPENSES

$74,896,172

Changes in net assets from operations

Non-operating minimum pension liability

Change in net assets

375,256

(2,580,363)

  (2,205,107)

Net assets, beginning of year

$14,878,247

Net assets, end of year
$12,673,140
The above table is a summary. Africare's complete 2012 audited financial statements and 2012 IRS Form 990, or those same statements for previous years, can be viewed as PDF documents.