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, 2022.

REVENUES National Collections Contributions

$2,244,251 $ 360,443 $2,604,694

Income on Investments

Total Revenue

EXPENSES Grants and Donations*

$ 2,654,141

80.09% 13.00%

Program Costs

$430,944 $149,345 $77,305

Promotions and Fundraising Expenses

4.51% 2.33% 0.06%

Administrative Expenses** Allocations-Internal Grants***

$2,048

Total Expenses

$3,313,783 $3,311,735 $2,656,189

100%

Total Expenses, Excluding Internal Grants

Total Grants and Donations, Including Internal Grants

80.09% 13.00%

4.51% 2.33% 0.06%

TOTAL EXPENSES

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

($709,089)

($1,225,960) ($1,935,049)

Changes in Net Assets

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

$4,801,373

$2,866,324

*Grants approved in 2022 totaled $2,669,600. Grants and donations in 2022 totaled $2,656,189 and includes payments and write offs to grants approved in 2022 and prior years. **Includes interfund charges. ***Includes donation to Catholic Media Council and a small transfer credited to the collection.