sfca-annual-report

SOLIDARITY FUND FOR THE CHURCH IN AFRICA Statement of Revenue, Expenses, and Other Changes in Net Assets for the Year Ending December 31, 2023.

REVENUES National Collections Contributions

$3,241,529

Income on Investments

$35,809

Total Revenue

$3,277,338

EXPENSES Grants and Donations*

$2,110,175 $510,169 $158,843

73.39% 17.74% 5.52% 3.34% 100%

Program Costs

Promotions and Fundraising Expenses

Administrative Expenses

$95,998

Total Expenses

$2,875,185 $2,110,175

Total Grants & Donations

73.39%

17.74%

5.52% 3.34%

TOTAL EXPENSES

Changes in Net Assets from Operations Non-Operating Activities: Unrealized Gain on Investments

$402,153

$471,184 $873,337 $2,866,324 $3,739,661

Changes in Net Assets

Net Assets at the Beginning of the Year Net Assets at the End of the Year

*Grants approved in 2023 totaled $2,108,250. Grants and donations in 2023 totaled $2,110,175, including payments and write-offs to grants approved in 2023 and prior years.