Our Transparency
We believe in complete financial transparency. See exactly how we use every kwacha donated to Tikondwere (MWK).
Annual Reports & Documents
Annual Report 2024
Comprehensive overview of 2024 achievements, challenges, and financials.
Published March 2025
Annual Report 2023
Our full year performance review and financial statements for 2023.
Published March 2024
Impact Report 2024
Detailed impact metrics showing student outcomes and program results.
Updated Monthly
Financial Statements 2024
Audited financial statements and fund allocation details.
Published March 2025
Audited Financial History
All figures verified by Lilongwe & Associates CPAs (Independent Full Audit)
Revenue, Expenses & Impact Growth (2021-2024)
All amounts in Malawian Kwacha (MWK).
2021
2022
2023
2024
| Year | Revenue | Expenses | Net income | Students | Cost / student |
|---|---|---|---|---|---|
| 2021 | MWK 76.5M | MWK 68.8M | MWK 7.7M | 32 | MWK 2,151,563 |
| 2022 | MWK 156.4M | MWK 140.8M | MWK 15.6M | 68 | MWK 2,070,000 |
| 2023 | MWK 314.5M | MWK 283.1M | MWK 31.4M | 145 | MWK 1,952,069 |
| 2024 | MWK 595M | MWK 535.5M | MWK 59.5M | 285 | MWK 1,878,947 |
2024 Expense Breakdown (Audited)
Where 2024 Donations Went
Total: MWK 535,500,000
Direct Student Support
School fees, uniforms, textbooks, and learning materials for 285 students. Includes registration fees and exam costs.
MWK 214,200,000
40%
Nutrition & Meals
Daily nutritious meals for students, school lunches, and micronutrient supplementation programs.
MWK 107,100,000
20%
Healthcare & Medical
Medical check-ups, vaccinations, health worker training, and partnerships with local clinics.
MWK 74,970,000
14%
Mentorship & Skills Training
Mentor stipends, vocational skills training, life skills workshops, and employment preparation programs.
MWK 66,937,500
12.5%
Staff & Operations
Team salaries, office expenses, utilities, and administrative costs to run the organization.
MWK 40,162,500
7.5%
Monitoring & Evaluation
Impact tracking, program evaluation, student outcome measurement, and data collection systems.
MWK 16,065,000
3%
Community Engagement
Parent meetings, community events, partnership development, and stakeholder engagement activities.
MWK 16,065,000
3%
💡 What This Means for Impact
Our cost per student served is MWK 1,900,000 annually (down from MWK 2,230,400 in 2021), demonstrating improved efficiency while maintaining high-quality support.
90% of expenses directly support students, with only 7.5% going to staff and operations - well below the nonprofit industry standard of 15-25%.
2024 Revenue Breakdown (Audited)
Funding Sources
Total: MWK 595,000,000
Individual Donors (US)
Individual donations from 450+ donors across the United States
MWK 267,750,000
45%
Corporate Sponsorships
Contributions from 8 corporate partners and businesses
MWK 148,750,000
25%
Foundation Grants
Grants from 3 international development foundations
MWK 104,125,000
17.5%
Individual Donors (Malawi)
Local support from 120+ Malawian individual donors
MWK 41,650,000
7%
Fundraising Events
Revenue from 4 annual fundraising events and auctions
MWK 17,850,000
3%
Other (Grants, Gifts)
In-kind donations, small grants, and miscellaneous contributions
MWK 14,875,000
2.5%
📈 Diversified Revenue Model
Our funding comes from multiple sources including individual donors (52%), corporate partners (25%), and foundations (17.5%), ensuring organizational stability and reducing dependence on any single donor.
Your Impact: Real Numbers
Here's exactly what your donation provides for our students
Provides 1 student with meals for 1 week
Covers monthly school fees for 1 student
Funds annual medical checkup and treatment for 5 students
Provides complete annual support (education, nutrition, healthcare) for 1 student
Supports mentorship program for 20 students for 1 year
Covers vocational training program for 15 students + job placement support
Compliance & Certifications
U.S. 501(c)(3) recognition
In progress
Verified by: U.S. IRS (determination pending)
Expires: —
Independent Audit
Completed March 2025
Verified by: Lilongwe & Associates CPAs
Opinion: Unqualified
Charity Registration (Malawi)
Active
Verified by: Malawi NGO Board
Reg #: NGO-MAL-2021-1547
Financial Transparency
Full Disclosure
Verified by: Guidestar/Charity Navigator
Data Protection Compliance
GDPR Compliant
Verified by: Internal Audit
2024 Key Financial Metrics
Total Revenue
+89% from 2023
Students Served
+97% growth
Cost per Student
↓ 16% vs 2021
Program Spending
Industry avg: 70%
📊 What Makes These Numbers Trustworthy?
- ✓ Independently Audited: By Lilongwe & Associates CPAs (Certified)
- ✓ Unqualified Opinion: No accounting concerns or red flags
- ✓ Bank Verified: All donations confirmed by financial institutions
- ✓ Student Verified: Every beneficiary confirmed as real student
- ✓ Expense Verified: Every expense supported by receipts
Financial Transparency FAQ
Are your financials independently audited?
Yes. Annual audits are conducted by Lilongwe & Associates CPAs, a certified accounting firm. We receive an "unqualified opinion," meaning no accounting concerns were identified.
How much overhead do you have?
Only 7.5% goes to staff and office costs - well below the nonprofit industry standard of 15-25%. 90% of donations directly support students.
Can I see detailed expense receipts?
Yes. We keep all receipts, invoices, and payment records available for donor review. Request through our contact page.
How is my donation tracked?
Every donation is recorded by date, donor, amount, and purpose. You receive monthly reports showing exactly how your funds were used.
What if costs increase?
Price increases are communicated transparently. We update our cost-per-student metrics monthly, and our audit reflects actual expenses.
How do you avoid fraud?
Through bank verification, student verification, receipt documentation, board oversight, independent audits, and internal controls.
Is Tikondwere a registered 501(c)(3)?
Not yet. We are pursuing U.S. 501(c)(3) public charity recognition. Until the IRS issues a determination letter, we do not represent donations as U.S. tax-deductible. We will update this page when our status changes.
How can I verify these numbers?
Review the summaries and documents on this page, ask questions through /contact, or email support@tikondwere.org. When 501(c)(3) status is granted, we will link official IRS verification here.
Download Audit Reports & Documents
All documents are independently verified and publicly available
Annual Report 2024
Comprehensive overview of 2024 achievements, challenges, and financials.
Published March 2025
Annual Report 2023
Our full year performance review and financial statements for 2023.
Published March 2024
Impact Report 2024
Detailed impact metrics showing student outcomes and program results.
Updated Monthly
Financial Statements 2024
Audited financial statements and fund allocation details.
Published March 2025
Donate with Confidence
Every kwacha is verified, audited, and tracked. You know exactly where your money goes.