ACTION FOR ENTERPRISE INC
Mission Statement
AFE strives to be a global leader, innovator and trainer in reducing poverty through private sector promotion in developing countries. Its mission has three core components: 1. To implement programs that promote growth, efficiency and competitiveness of industries resulting in increased benefits and sustainable impact for individuals and small businesses in developing countries. 2. To be a leader in training and generate/ share knowledge that forwards learning in the enterprise development field. 3. To provide technical assistance to other development organizations and practitioners to improve their ability to implement effective market development programs.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
76.8% | 86.3% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
23.3% | 10.4% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
3.9 mo | 8.4 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
1.4% | 1.6% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
97.6% | 96.4% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
-20.8% | 7.0% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-24.1% | 8.3% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-52.0% | 2.1% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $275K | $418K | $135K | 76.8% | 2 |
| 2023 | $347K | $550K | $278K | 74.9% | 2 |
| 2022 | $175K | $413K | $481K | 71.1% | 2 |
| 2021 | $727K | $725K | N/A | — | 2 |
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