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, FY2017 was July 1, 2016 through June 30, 2017.

View Africare’s IRS Form 990s:

FY2017
FY2016   
FY2015

FY2014
FY2013

View Africare’s Audited Financial Statements:

 

FY2017
FY2016
FY2015

FY2014
FY2013

FY2012

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 $   –
Governments $18,305,407
Investment Income and Other $619,546
Total Revenue $30,617,116

 

 

 

 

 

 


Expenses

Program Services
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
Supporting Services
Management and General $678,084
Fundraising $212,636
Total Supporting Services $890,720
Total Expenses $27,520,815

$145,945

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:

American Institute of Philanthropy

Charity Watch

Header Photo: Alexandra Seegers