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.
We strive to use every donor dollar efficiently, ensuring that the greatest possible assistance — “program services” — reaches the neediest families and communities in Africa.
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, FY2017 was July 1, 2016 through June 30, 2017.
Summary of Most Recently Audited Fiscal Year (2017):
Revenue and Support
|Foundations, Trusts, Corporations, and, Individuals||$11,591,655|
|Special Events||$ –|
|Combined Federal Campaign (CFC)||$100,508|
|Donated Services and Materials||$ –|
|Investment Income and Other||$619,546|
|Health and Water Resources Development||$23,392,861|
|Food Security, Relief and Refugee Assistance||$439,708|
|Agriculture and Small Scale Irrigation||$2,463,463|
|Integrated Rural Development||$199,580|
|Other Development Programs||$134,483|
|Total Program Services||$26,630,095|
|Management and General||$678,084|
|Total Supporting Services||$890,720|
|Change in Net Assets From Operations||$3,096,301|
|Prior Year Resolved Questioned Costs||$1,226,341|
|Non-Operating Minimum Pension Liability, Realized and Unrealized Gain on Investments, and Loss on Foreign Exchange||$145,945|
|Change in Net Assets||$4,468,587|
|Transfer of Net assets||$549,298|
|Net Assets at the Beginning of the Year||$(1,559,850)|
|NET ASSETS AT END OF YEAR||$3,458,035|
View Africare’s Charity-Watchdog Evaluations:
Header Photo: Alexandra Seegers