Honeyguide 2024 Financial Overview

Honeyguide 2024 Financial Overview

In 2024, Honeyguide delivered a balanced, zero-deficit financial year, with total income and expenditure both amounting to USD 2.63 million. Every dollar raised was invested directly into strengthening community-led conservation across Tanzania.

The majority of our spending — 90% — went directly to programs, sub-grants, and protection infrastructure that support Wildlife Management Areas (WMAs and the communities that lead them). This reflects our commitment to keeping overheads low while maximizing conservation and livelihood impact on the ground.

Significant investments were made in:

• Community programs and capacity building, including governance, livelihoods, and human-wildlife conflict mitigation
• Direct financial support to WMAs, enabling local institutions to manage and protect their land
• Protection infrastructure, including ranger posts and vehicle

At the same time, Honeyguide strengthened its internal systems by upgrading financial management, introducing cloud-based accounting, improving audit oversight, and rolling out monthly budget tracking across departments.

Despite fully deploying all income, Honeyguide closed the year with a strong balance sheet, holding USD 611,000 in assets, including cash and receivables, and no long-term debt. This financial discipline positions Honeyguide well to deliver its 2022–2026 Strategic Plan, ensuring stability, transparency, and accountability as we scale community-led conservation.