Solidarity Fund for the Church in Africa 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.