Africas Childrens Fund Inc
Atlanta, GA
What do they do?
This organization helps children and families in Africa and the Caribbean who need basic things like housing, education, and medical care. They provide housing assistance to prevent people from losing their homes and getting kicked out.
Their mission:
"To help children and families in Africa and the Caribbean by providing housing assistance, education, and medical programs to improve their lives."
💵 Money In vs. Money Out (2023)
Money they received
$3.4 million
Money they spent
$3.7 million
⚠️ They spent more than they received. They were short by $279K.
💡 This shows the big picture: how much came in and how much went out for the year.
📥 Where did the money come from? (2023)
| Source | Amount | % |
|---|---|---|
Donations from people Gifts from regular people | $55K | 1% |
Grants Money from foundations or government | $6.1 million | 97% |
Money earned from services Fees they charge for their programs | $161K | 3% |
| Total | $6.4 million | 100% |
💡 This shows all the different ways this organization received money during the year.
📤 Where did the money go? (2023)
| What it paid for | Amount | % |
|---|---|---|
Helping people directly (grants & aid given out) Money they gave directly to people or other organizations to help them | $3.8 million | 62% |
Employee salaries & benefits Paychecks and health insurance for workers | $690K | 11% |
Office & rent Rent, utilities, office supplies | $1.1 million | 18% |
Professional services Lawyers, accountants, consultants | $524K | 9% |
| Total spent | $6.1 million | 100% |
💡 This is the real breakdown from their tax filing. It shows exactly what they spent money on.
👥 Who runs this organization? (2023)
| Name | Job Title | Paid |
|---|---|---|
| Victor Mbaba | Executive Director | $0 |
💡 These are the people who make decisions for this organization and how much they were paid for the year.
🏦 What do they own vs. what do they owe? (2023)
| 💰 Total stuff they own (assets) | $600K |
| 💳 Total they owe (debts) | $0 |
| 📊 What's left (net worth) | $600K |
💡 Their net worth is positive, meaning they own more than they owe. This is generally a healthy sign.
🎯 What programs do they run?
Their main program provides housing and rental assistance for people who need money to prevent foreclosure and eviction. They help families stay in their homes when they can't afford to pay.
⚠️ Things you might want to know
The Executive Director receives no reported compensation, which is unusual. The organization had a significant increase in net assets ($218,980) but it's unclear how efficiently the money is being used since detailed program outcomes aren't provided.
📄 Where did we get this info?
This comes from the IRS Form 990 that Africas Childrens Fund Inc filed for the year 2023. Every nonprofit has to tell the government how they spent their money, and that info is public.
👉 See the original tax form yourself →Data from ProPublica Nonprofit Explorer. Plain English summaries created with AI and reviewed for accuracy.