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 (2006), 91 percent of every Africare dollar goes to program services in Africa. Only 9 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, FY2006 was July 1, 2005 through June 30, 2006.

 

View Africare's IRS Form 990s:

FY2006 (PDF, 861 KB)

FY2005 (PDF, 956 KB)

FY2004 (PDF, 559 KB)

 

View Africare's audited financial statements:

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 2006 (July 1, 2005 through June 30, 2006)

REVENUE AND SUPPORT

Foundations and trusts

Contributions and other grants

Special events

Combined Federal Campaign (CFC)

Donated services and materials

Governments

Investment income and other

 

$ 1,351,400

7,545,233

819,820

198,439

8,980,098

26,917,238

4,787,065

TOTAL REVENUE AND SUPPORT

$50,599,293

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

$15,439,502

14,818,687

7,884,983

5,422,242

2,384,094

$45,949,508

Support services

Management and general

Fundraising

Total supporting services

 

$2,920,129

1,359,140

4,279,269

TOTAL EXPENSES

$50,228,777

Changes in net assets from operations

Non-operating minimum pension liability adjustment

Net assets, beginning of year

370,516

1,079,020

10,228,433

Net assets, end of year

$11,677,969
   
The above table is a summary. Africare's complete 2006 audited financial statements and 2006 IRS Form 990, or those same statements for previous years, can be viewed as PDF documents.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Updated, Jan. 4, 2008)