Plan Canada

Sector: International Aid
Operating Charity
245 Eglinton Ave. East, Suite 300
Toronto, ON M4P 0B3
President and CEO: Rosemary McCarney
Board Chair: Karen Jackson

Website: www.plancanada.ca
Charitable Reg. #: 11892 8993 RR0001

About Plan Canada:

Founded in 1968, Plan Canada is the largest funder of Plan International with Canadian donations accounting for 19% of Plan International's total donations. In F2013, 208,480 Canadian donors contributed $92.0m to Plan Canada.

Founded in 1937, Plan International is one of the world's largest international development agencies. Plan International works to support social justice for children in developing countries. It seeks to give children, families, and communities tools to break the cycle of poverty and build sustainable solutions with measurable results for improved lives. Plan is inclusive of all faiths and cultures, mobilizing people around the world to create a sustainable environment in which children, families and communities can thrive.

In 2013, Plan International worked with 90,229 communities in 50 countries benefitting a total population of 165.3 million people. Plan International trained 577,423 people to be nurses, teachers, farmers and child protection workers. Additionally, Plan helped build or fix 2,741 schools, 4,809 wells and pumps, 9,428 health and early childhood care centres, and 326,950 toilets in homes. Plan also supported 4,841 microfinance organizations and 52,815 savings and loan groups.

Child sponsorships are Plan Canada's largest source of donations (81%). Plan Canada states that these donations are pooled and go to community development projects that benefit all the children and families living in the community. One of Plan's major initiatives, 'Because I am a Girl', addresses gender inequality, promoting girls' education and equal rights.

Financial Review:

Fundraising costs are 25% of Canadian donations and administrative costs are 6% of revenue for F2013. Plan has funding reserves of $32.5m (including $2.3m of donor-endowed funds), which cover 25% of annual program costs. Excluding $2.3m of donor-endowed funds, the funding reserves of $30.2m are sufficient to cover 23% of program costs. The donations figure reported below includes international donations of $20.0m in F2013, $13.7m in F2012, and $7.0m in F2011.

Financial Ratios

Fiscal year ending June
201320122011
Administrative costs as % of revenues 6.1%6.2%6.0%
Fundraising costs as % of donations 25.3%23.2%23.4%
Program cost coverage (%) 25.0%21.3%12.8%

Summary Financial Statements

All figures in $000s
201320122011
Donations 112,129102,48192,412
Goods in kind 31,62229,47541,942
Government funding 22,72514,7536,604
Investment income 422465452
Total revenues 166,898147,174141,410
Program costs - International 120,736108,668105,586
Program costs - Canada 9,4217,6886,304
Administrative costs 10,5719,4658,511
Fundraising costs 23,32220,61219,982
Cash flow from operations 2,8487811,027
Funding reserves 32,54924,47114,288
Note: Ci reported deferred revenue on a cash basis, and included endowment fund contributions in revenue. These changes increased revenue by $5.8m in F2013, $7.7m in F2012, and $2.4m in F2011. Ci removed amortization of $750k in F2013 $848k in F2012, $777k in F2011 from expenses.

Comments added by the Charity:

[Ci Note: We are awaiting updated comments from the charity in response to the latest report on our website.]

Regarding funding reserves: Plan International Canada Inc. is a member of Plan Worldwide, which operates programs in more than 45 developing countries. Fundraising offices, including Plan Canada, submit revenue to Plan Worldwide to fund these overseas programs. Global policy requires Plan Canada to remit to Plan Worldwide all cash after meeting our operating requirements, which precludes us from maintaining a reserve in Canada. Plan Worldwide, however, maintains those reserves per policy set by the International Board. At the end of 2010, the Plan Worldwide reserve was equal to 6 months’ global expenditure (see p. 40 of the Worldwide Annual Review, available at plancanada.ca/financials).

Plan Canada’s Board-approved reserve policy requires us to maintain a working capital reserve of approximately 3 months’ expenses, with a minimum of $6M, as General Funds. At the end of 2010, we had in General Funds slightly more than $6M in investments managed by an external Investment Manager. This is more fully described in Note 18 of our Detailed Financial Statements available at plancanada.ca/financials.

Social Results Reporting

Grade: B+

The grade is based on the charity’s public reporting of the work it does and the results it achieves.

Financial Transparency

Audited financial statements for current and previous years available on the charity's website [ Audited financial statement for most recent year ]

Program Cost Coverage

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #153

Avg. Compensation $77,319

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 1
$250k - $300k 1
$200k - $250k 2
$160k - $200k 6
$120k - $160k 0
$80k - $120k 0
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2013