Plan International Canada

Sector: International Aid
Operating Charity
245 Eglinton Ave. East, Suite 300
Toronto, ON M4P 0B3
Board Chair: Richard Bernard
Board Vice-Chair: Josh Liswood

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

About Plan International Canada:

Founded in 1937, Plan International is one of the world's oldest and largest international development agencies. The Canadian chapter is Plan's second largest fundraising chapter. Plan International is independent, and inclusive of all faiths and cultures, mobilizing people around the world to support social justice for children in developing countries. It seeks to give children, families, and communities the tools they need to break the cycle of poverty and build sustainable solutions with measurable results for improving their own lives.

Child sponsorships are the largest source of donations (83%). 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 largest initiatives is Because I am a Girl, which aims to end gender inequality, promote girls' rights and lift millions of girls (and the people around them) out of poverty. This initiative organizes projects that provide clean water, food security, health care, education, and access to microfinance training and assistance.

In 2012, Plan International partnered with 51,376 organizations and worked with 90,131 communities, benefitting a total population of 174.2 million people. It implemented 229 programs, through 6,145 projects and 2,431 grants. It trained 642,497 people, including health workers, education workers, agricultural workers, and child protection workers. Additionally, Plan helped build or repair 3,651 health and early childhood care centres, 2,152 schools, 3,796 water points, and 417,911 sanitation facilities in households. Plan also supported 5,366 microfinance organizations and 34,100 savings and loan groups.

Financial Review:

Fundraising costs are 22% of Canadian donations and administrative costs are 6% of revenue. Plan has funding reserves of $24.5m (including $1.9m of donor-endowed funds), which cover 21% of annual program costs. The donations figure reported below includes international donations of $13.7m in F2012, $7.0m in F2011, and $1.2m in F2010.

Financial Ratios

Fiscal year ending June
201220112010
Administrative costs as % of revenues 6.2%5.9%6.5%
Fundraising costs as % of donations 22.1%23.7%20.5%
Program cost coverage (%) 21.3%12.8%16.5%

Summary Financial Statements

All figures in $000s
201220112010
Donations 107,13891,18285,552
Goods in kind 29,47541,94228,040
Government funding 17,02810,0517,698
Investment income 567452304
Total revenues 154,208143,627121,594
Program costs - International 108,668105,58684,724
Program costs - Canada 7,6886,3044,642
Administrative costs 9,4658,5117,933
Fundraising costs 20,61219,98217,259
Cash flow from operations 7,7753,2447,036
Funding reserves 24,47114,28814,767
Note: Ci reported deferred revenue on a cash basis, and included endowment fund contributions in revenue. These changes increased revenue by $7.4m in F2012, $2.4m in F2011, and $6.2m in F2010. Ci removed amortization of $858k in F2012, $777k in F2011, and $1,062k in F2010 from expenses.

Comments added by the Charity:

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.

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 #144

Avg. Compensation $77,319

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 1
$250k - $300k 0
$200k - $250k 3
$160k - $200k 4
$120k - $160k 2
$80k - $120k 0
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2012