NEW AFRICA FUND INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,177,282
Contributions
96%
Investments
4%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$1,065,971
Grants
79%
Other
18%
Fees to Service Providers
2%
Offices, Occupancy & IT
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Salaries & Benefits
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$605,640
$1,130,036
+87%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$48,050
$47,246
-2%
Other
$0
$0
-
Total Revenues
$653,690
$1,177,282
+80%
Expenses
2023
2024
Change
Grants
$433,904
$838,879
+93%
Benefits to Members
$0
$0
-
Salaries & Benefits
$941
$0
-100%
Fees to Service Providers
$108
$22,661
+20882%
Advertising & Promotion
$105
$352
+235%
Offices, Occupancy & IT
$8,547
$12,154
+42%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$113,373
$191,925
+69%
Total Expenses
$556,978
$1,065,971
+91%
Net income
2023
2024
Change
Net income
+$96,712
+$111,311
+15%
Functional Expenses
Summary
2023
2024
Change
Program
$555,327
$1,032,868
+86%
Admin
$189
$32,751
+17229%
Fundraising
$1,462
$352
-76%
Total Expenses
$556,978
$1,065,971
+91%
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