Vets without Borders
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
FINANCIAL TRANSPARENCY
Audited financial statements for current and previous years available on the charity’s website.
B
RESULTS REPORTING
Grade based on the charity's public reporting of the work it does and the results it achieves.
n/r
DEMONSTRATED IMPACT
The demonstrated impact per dollar Ci calculates from available program information.
NEED FOR FUNDING
Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.
85%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 85 cents are available for programs.
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OVERVIEW
About Vets without Borders:
Veterinarians Without Borders is a 4-star charity. The charity has a B Results Reporting grade. Its overhead spending is within Ci’s reasonable range and its reserve funds can cover program costs for 7 months, which is also within Ci’s reasonable range.
Founded in 2005, Veterinarians Without Borders (VWB) runs programs to strengthen animal health and community resilience. Its guiding philosophy follows the One Health lens that believes that people and animals can only be healthy when the environment is healthy. It improves veterinary care, aids in crisis response, teaches sustainable agricultural practices and prevents animal diseases for communities in need. VWB runs international programs is South Sudan, Cambodia, and Ukraine and in remote Canadian Arctic communities. The charity addresses the dangers of rabies, impacts of war, gender inequality in agriculture and inaccessibility of veterinary care.
VWB runs six main programs, listed below. It runs several smaller programs. The charity spent $5.9m on its programs and grants in the fiscal year ending March 2024 (F2024.) VWB breaks down its program spending in its 2024 annual report which is a best practice.
Volunteers Engaged in Gender-Responsive Technical Solutions (VETS) was 29% of program costs. It operated in Ghana, Kenya, Senegal, Laos, Cambodia and Vietnam. VWB trained locals to improve animal health, agricultural sustainability and gender equality According to the charity, it supported 25,630 women, 18,270 men and 2,314 children in F2024. VWB trained 42,263 people to detect animal diseases in F2024.
Ukraine was 25% of program spending. The program supported the war-affected areas. It offers preventative veterinary care and provided basic supplies to animal shelters. According to the charity, the local partners performed 13,695 spay/neuter surgeries and trained 1,849 people in disease detection in F2024.
Agriculture-based Growth and Resilience Opportunities for Women (AGROW) was 13% of program spending. The charity partnered with local organizations to empower women by providing training on gender equality, animal health and sustainable agricultural practices. According to the charity, it trained 458 people in zoonotic disease detection and supported 48 communities in F2024. This program ended as of December 2024.
Other international programs were 15% of program spending and includes its work in South Sudan and other countries In South Sudan, VWB vaccinated 20,276 livestock against diseases, distributed 2,200 animals to farmers, and overall supported 4,429 households during F2024. The charity spent 678k on programs in Saudi Arabia but did not mention any quantified results or program activities.
Northern Animal Health Initiative (NAHI) was 10% of program spending. It ran vet clinics and training to remote communities in the Northwest Territories and Nunavut. VWB performed 291 spay/neuter surgeries in F2024.
Community One Health Empowerment Rwanda and Senegal (COHERS) was 6% of program spending. This program established One Health systems to prevent animal disease and raise awareness about gender equality. According to the charity, it trained 4 local partners and supported 596 small-scale farmers.
Emergency Response was 3% of program spending. VWB provided crisis relief, such as evacuations, search and rescue. According to the charity, the program supported 8 communities and helped 275 animals during NWT fires.
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Results and Impact
The AGROW program led to a 305% increase in cricket income (from 24kg per cycle to 84kg.) It led to a 311% increase in chicken income in 2024 (from 25 to 116 eggs per cycle.)
- 82% of participants reported increased household income.
- 75% of farmers adopted greener, more sustainable practices.
The program in South Sudan led to a 24% increase in cows’ daily milk production (from 0.46L to 0.57L). It led to a 31% increase in average live weight of mature goats (from 13.5kg to 17kg).
- 58% of farmers reported improved food security.
- 72% of farmers reported improved livelihoods.
While Ci highlights these key results, they may not completely represent Veterinarians Without Borders’ results and impact. Charity Intelligence has not yet rated VWB’s impact (n/r). This does not affect its star rating.
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Finances
During F2024, VWB received $5.3m in donations (59% of total revenue.) It received $3.5m of government funding (41% of total revenue). The charity also received $1.1m in volunteer time, marked as goods in kind. This is an 81% increase in donations and 70% increase from $2.9m in donations and $2.0m in government funding in 2023.
Administrative costs are 12% of total revenue. Fundraising costs are 3% of donations. This means that the charity spent 16% on overhead. For every donated dollar, 85 cents are available to go to the cause. This is within Ci’s reasonable range for overhead spending, which is between 65-95 cents.
In F2024, VWB had an operating surplus of $1.8m (20% of revenue). The charity spent $5.9m on its programs and grants (66% of revenue). This F2024 surplus went into reserve funds (cash and investments).
At the end of 2024, VWB has $3.3m worth of net reserve funds These funding reserves cover 7 months of VWB’s annual program spending is covers 56.9% of its annual program spending, or 7 months.
Profile updated by Leah Holmes on May 13, 2025. Comments and corrections may be forthcoming.
Financial Review
Fiscal year ending March
|
2024 | 2023 | 2022 |
---|---|---|---|
Administrative costs as % of revenues | 12.4% | 13.9% | 10.2% |
Fundraising costs as % of donations | 3.1% | 4.0% | 4.0% |
Total overhead spending | 15.5% | 17.9% | 14.2% |
Program cost coverage (%) | 56.9% | 39.3% | 136.7% |
Summary Financial StatementsAll figures in $000s |
2024 | 2023 | 2022 |
---|---|---|---|
Donations | 5,274 | 2,916 | 1,963 |
Government funding | 3,549 | 2,092 | 1,837 |
Other income | 49 | 0 | 0 |
Total revenues | 8,872 | 5,009 | 3,800 |
Program costs - Canada | 5,663 | 4,205 | 1,205 |
Grants | 188 | 132 | 0 |
Administrative costs | 1,098 | 696 | 388 |
Fundraising costs | 165 | 116 | 78 |
Total spending | 7,114 | 5,148 | 1,670 |
Cash flow from operations | 1,759 | (140) | 2,130 |
Capital spending | 3 | 5 | 0 |
Funding reserves | 3,328 | 1,703 | 1,647 |
Note: 1. Deferred Donations: Ci adjusted deferred donations, which affected revenue by $303k in F2024, ($411k) in F2023, and $1.7m in F2022. Deferred Government Funding: Ci also deferred government funding, which affected revenue by $465k in F2024, $526k in F2023, and $179k in F2022. 2. Goods in kind: Ci removed the value of volunteer time from donations and shows this as goods in kind. This decreased reported revenues by ($1.1m) in F2024, ($1.2m) in F2023, and ($1.2m) in F2022. 3. Program Advance: Ci adjusted for program expenses paid in advance, which affected expenses by ($497k) in F2024, ($nil) in F2023, and ($nil) in F2022 4. Program Expenses Payable: Ci adjusted program expenses payable, which affected expenses by ($471k) in F2024, ($nil) in F2023, and ($nil) in F2022. 5. Amortization: Ci backed out amortization on a pro-rata basis from administrative and fundraising costs.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
3 |
$80k - $120k |
7 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2024
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Comments & Contact
Comments added by the Charity:
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: (343) 633-0272