Financial Information

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.

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, FY2015 was July 1, 2014 through June 30, 2015.

View Africare’s IRS Form 990s:

FY2016   
FY2015

FY2014
FY2013

View Africare’s Audited Financial Statements:

FY2016
FY2015

FY2014
FY2013

FY2012

Summary of Most Recently Audited Fiscal Year (2016):

Revenue

U.S. Government Grants $16,008,259
Foreign Government Grants $3,588,164
Foundations and Trusts $5,130,577
Contributions and Other Grants $9,400,322
Donated Equipment and Materials $82,829
Special Events $334,025
Combined Federal Campaign $62,516
Interest and Dividends $124,867
Miscellaneous Revenue $(8,886)
Total Revenue $34,722,673

 

 

 

 

 

 

 


Expenses

Program Services
Health and Water Resources Development $29,625,493
Food Security, Relief and Refugee Assistance $575,782
Agriculture and Small Scale Irrigation $1,855,411
Integrated Rural Development $442,316
Other Development Programs $491,168
Total Program Services $32,990,170
Supporting Services
Management and General $2,467,486
Fundraising $684,745
Total Supporting Services $3,152,231
Total Expenses $36,142,401
Change in Net Assets From Operations $(1,419,728)
Non- Operating Minimum Pension Liability Adjustment $(1,282,282)
Non-Operating Realized and Unrealized Gain on Investments $(115,794)
Non- Operating (Gains) Losses on Foreign Currency Exchange $(355,227)
Loss due to misappropriation of assets $(430,945)
Change in net assets $(3,603,976)
Net Assets at the Beginning of the Year $2,044,126
NET ASSETS AT END OF YEAR $(1,559,850)

View Africare’s Charity-Watchdog Evaluations:

American Institute of Philanthropy
Charity Navigator

Header Photo: Alexandra Seegers