WORLD RELIEF CORP OF NATIONAL ASSOCIATION OF EVANGELICALS
Balance Sheet
Fiscal Year Start:
Oct 1
Assets in 2024 (Year End)
$66,168,051
Receivables (Non-Related)
41%
Cash & Equivalents
39%
Property, Plant, & Equipment (net)
8%
Other Assets
6%
Prepaid Expenses
3%
Investments
2%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$29,265,957
Payables & Accruals
50%
Deferred Revenue
37%
Other Liabilities
13%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$30,154,184
$26,076,660
-14%
Receivables (Non-Related)
$17,304,412
$27,284,916
+58%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$662,765
$2,151,528
+225%
Investments
$1,658,498
$1,636,109
-1%
Property, Plant, & Equipment (net)
$4,610,561
$5,137,271
+11%
Other Assets
$3,037,206
$3,881,567
+28%
Total Assets
$57,427,626
$66,168,051
+15%
Liabilities
2023
2024
Change
Payables & Accruals
$11,581,629
$14,560,989
+26%
Grants Payable
-
-
-
Deferred Revenue
$10,608,424
$10,823,401
+2%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$0
-
-
Related-Party Payables
-
-
-
Other Liabilities
$3,037,206
$3,881,567
+28%
Total Liabilities
$25,227,259
$29,265,957
+16%
Net assets
2023
2024
Change
Restricted Net Assets
$8,050,427
$9,020,649
+12%
Unrestricted Net Assets
$24,149,940
$27,881,445
+15%
Net assets
2023
2024
Change
Net assets
+$32,200,367
+$36,902,094
+15%
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