CORAfrica
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Transparency & accountability

Your gift has an address.

When you give to CORAfrica, your money does not disappear into a system. It becomes something you could drive to and touch: a school bus on a rural road, a fence around a playground, medicine on a clinic shelf, a loan that lets a mother restock her shop.

For twenty years, rural families have trusted us with their children’s futures. You deserve the same honesty from us that they do. So on this page we open our books: what came in, where every naira went, and who checks our work.

Accountability

Registered, audited, and on the record.

We are a registered charity in both countries we work in, our books are audited annually by an independent firm, and the audited accounts are at the foot of this page.

Since 2010

Registered in Nigeria

Incorporated under the Companies and Allied Matters Act on 6 September 2010 as a Registered Trustee of an NGO. Certificate CAC/IT/NO 40479.

Since 2006

Registered in the United States

A 501(c)(3) non-profit, so gifts from US taxpayers are tax-deductible. EIN 68-0619454.

Annually

Independently audited

Our financial statements are audited by Akomaye Adie & Co., Chartered Accountants and Tax Practitioners, of Calabar.

2025 accounts

92.6% to programmes

Of everything CORAfrica spent in the year ended 31 December 2025, 92.6% went to education, healthcare, economic empowerment and agriculture. Overheads were 7.4%.

2025 accounts

Assets we hold

Land, school buildings, and a farm and agricultural station, carried in our 2025 accounts at about US $114,500.

Governance

Governed by two boards

A Board of Trustees in Nigeria and another in the United States oversee the organisation, with operations directed from our headquarters in Abuja.

Meet the boards →

Where your gift goes

Almost all of it reaches a child.

Picture a basket of tomatoes carried into a village to be shared. By the time the basket is emptied, almost everything in it has reached the families waiting there. Only a couple of tomatoes were kept back — to pay the driver who made the journey possible.

That is how your gift works with us. In 2025, nearly all the money we spent went straight into classrooms, clinics, farms and family businesses: 92.6%. A small share kept us running — fuel for the vehicles that reach remote communities, phone and internet, stationery, repairs, and the bookkeeping and audit that let us show you this page.

2025 at a glance

What we received, and what we spent.

In 2025 we received ₦383.1 million in donations (about US $243,000) and spent ₦433.1 million (about US $274,800). Here is every naira of that spending.

AreaNairaUS dollars
EducationTwo schools: a new administrative block, fencing, grounds, a school bus and day-to-day running costs₦310,355,350$196,900
Economic empowermentInterest-free loans for small businesses; grants to widows and vulnerable families₦43,200,000$27,400
HealthcareMedical outreach, medicines and supplies, running our medical centre₦26,970,000$17,100
AgricultureLivestock, crop farming and farm operations₦20,472,300$13,000
Running the organisationTransport, communication, stationery, repairs, overheads, bank charges and wear on buildings₦32,151,045$20,400
Total spent in 2025₦433,148,695$274,800

Source: 2025 audited financial statements, Statement of Income and Expenditure and Notes 8.1–8.5. Our accounts are kept in naira; dollars are converted at the rate the statements use for 2025, ₦1,576.40 to US $1, and rounded to the nearest hundred.

What your money built

Not just figures. Places, people and change.

Education

A school that is safe, and a bus that gets children there

At John Bosco Academy, 2025 was a building year. We invested ₦241.1 million in a new administrative block, fenced the school so children can learn and play in safety, landscaped the grounds, and bought a ₦12.1 million school bus so secondary students can get to class safely every morning. At John Stilley Schools, we built accommodation for the National Youth Service Corps members posted to the school, began fencing the compound and improved the grounds. In total, education received ₦310.4 million.

Economic empowerment

A loan that keeps a child in school

A child stays in school when the family at home can pay for it. That is why we lent ₦29.7 million, interest-free, to small businesses in the communities we serve, and gave ₦13.5 million in direct support to widows and the most vulnerable households. No interest. No exploitation. Just a fair start.

Healthcare

Medicine within reach

A sick child cannot learn. In 2025 we took a medical outreach to Victoria, stocked our medical centre with ₦11.9 million worth of drugs and supplies, and kept its doors open to the community. Total health investment: ₦27.0 million.

Agriculture

Farms that feed and teach

Our farms produce food and teach practical skills. In 2025 we invested ₦20.5 million in raising livestock, growing crops and running the farms.

Pupils at their desks in a classroom at John Bosco Academy, with CORAfrica staff at the front
A class at John Bosco Academy, Adagom.

The honest part

In 2025, we spent more than we received. Here is why.

We received ₦383.1 million and spent ₦433.1 million. The ₦50.1 million difference (about US $31,800) came from savings we carried into the year. Rather than leave that money sitting in the bank, we used it to finish work that children needed now — above all, the new administrative block and safer school compounds.

It means we begin 2026 with lean savings. We are telling you because you have a right to know, and because it is exactly why your support matters now.

Four-year record

Growing year after year, audited every year.

YearReceivedSpentReached programmes
2022112.5112.567.3
2023195.0176.1103.5
2024221.0219.2164.8
2025383.1433.1401.0
Four-year total911.6940.8736.6

Millions of naira, from the audited statements for each year.

Since 2022, the money we receive has more than tripled in naira, and the money reaching children and families has grown almost six-fold. Over four years, ₦736.6 million has gone directly into the communities we serve. The naira lost much of its value against the dollar over the same years, so measured in dollars the growth is smaller.

Audited accounts

Don’t take our word for it.

Every year, our accounts are independently audited by Akomaye Adie & Co., Chartered Accountants & Tax Practitioners, Calabar. In each of the last four years the auditors have confirmed that our financial statements give a true and fair view of CORAfrica’s affairs.

YearDownload
2025Audited Financial Statements, year ended 31 December 2025PDF, 1.9 MB
2024Audited Financial Statements, year ended 31 December 2024PDF, 0.8 MB
2023Audited Financial Statements, year ended 31 December 2023PDF, 1.2 MB
2022Audited Financial Statements, year ended 31 December 2022PDF, 1.3 MB

Copies of the statements as audited, with the names of private donors withheld.

info@corafrica.org.ng Nigeria · +234 703 024 9901 United States · +1 724 272 1851