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:

FY2015
FY2014
FY2013

View Africare’s Audited Financial Statements:

FY2015
FY2014
FY2013

FY2012

Summary of Most Recently Audited Fiscal Year (2015):

Revenue

U.S. Government Grants $22,236,373
Foreign Government Grants $4,953,717
Foundations and Trusts $2,726,966
Contributions and Other Grants $14,560,804
Donated Equipment and Materials $2,622,151
Special Events $871,513
Combined Federal Campaign $71,888
Interest and Dividends 219,330
Miscellaneous Revenue $347,968
Total Revenue $48,610,710

 

 

 

 

 

 

 

Expenses

Program Services
Health and Water Resources Development $42,005,538
Food Security, Relief and Refugee Assistance $1,960,044
Agriculture and Small Scale Irrigation $2,216,499
Integrated Rural Development $590,375
Other Development Programs $831,975
Total Program Services $47,604,431
Supporting Services
Management and General $2,976,007
Fundraising $1,119,205
Total Supporting Services $4,095,212
Total Expenses $51,699,643
Change in Net Assets From Operations $(3,088,933)
Non- Operating Minimum Pension Liability Adjustment $(1,009,440)
Non-Operating Realized and Unrealized Gain on Investments $(217,849)
Non- Operating (Gains) Losses on Foreign Currency Exchange $(176,515)
Prior Year Adjustments to Indirect Cost Rates $0
Change in net assets $(4,492,737)
Net Assets at the Beginning of the Year $6,536,863
NET ASSETS AT END OF YEAR $2,044,126

 

View Africare’s Charity-Watchdog Evaluations:

American Institute of Philanthropy
Charity Navigator

Header Photo: Alexandra Seegers