Operation Eyesight Universal

Suite 200 - 4 Parkdale Crescent NW
Calgary, AB T2N 3T8
Executive Director: Brian Foster
Board Chair: Rob Ohlson

Website: www.operationeyesight.com
Charitable Reg. #: 11906 8955 RR0001
Sector: International Aid
Operating Charity

Charity Rating

[Charity Rating: 4/4]

Social Results Reporting

Grade: A-

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 #30

Avg. Compensation $43,628

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 1
$120k - $160k 2
$80k - $120k 1
$40k - $80k 6
< $40k 0
Information from most recent CRA Charities Directorate filings for F2014

About Operation Eyesight Universal:

Founded in 1963, Operation Eyesight Universal (OEU) is a Calgary-based charity that provides eye care for people in developing countries. OEU's mission is to prevent blindness and raise awareness of eye care. While 285 million people live with visual impairment, the charity reports that 80% of all blindness cases are preventable. OEU partners with hospitals and eye centres in India, Zambia, Ghana and Kenya, supplying local doctors with training, equipment and facilities needed for eye care.

In F2015, Operation Eyesight Universal sent $3.2m to its partners in the developing world. OEU funded 42 eye care projects in India, increasing the number of surgeries by 100% over 2014. 66 villages in India are now free from blindness. OEU also funded 8,000 eye surgeries and trained 800 health workers in Ghana. In Kenya, OEU gave money for screening tests; 208,197 children were tested for eye problems. OEU further equipped 7 water points in Zambia and persuaded the government to install 20 new water boreholes. To date, OEU has helped 35 million people and organized 74 eye care programs.

Financial Review:

Operation Eyesight Universal is a Mid-Cap charity, which received donations of $4m in F2015. Administrative costs are 4% of total revenues and fundraising costs are 21% of total donations. Total overhead costs are 26%, falling within Ci's reasonable range. OEU has total funding reserves of $4.2m that can cover the charity's annual program costs for 1.3 years.

This charity report is an update that is being reviewed by the charity. Changes and edits may be forthcoming.

Updated on June 30th, 2016 by Mirza Ali Shakir.

Financial Ratios

Fiscal year ending December
201520142013
Administrative costs as % of revenues 4.3%3.0%5.1%
Fundraising costs as % of donations 21.2%19.1%27.7%
Program cost coverage (%) 129.0%131.2%110.9%

Summary Financial Statements

All figures in $s
201520142013
Donations 3,998,0144,436,9433,278,181
Government funding 55,4251,458,540641,468
Investment income 32,31740,738687,080
Total revenues 4,085,7565,936,2214,606,729
Program costs - International 3,228,5723,092,8552,206,958
Administrative costs 173,317178,006199,588
Fundraising costs 846,662847,203908,722
Cash flow from operations (162,795)1,818,1571,291,461
Funding reserves 4,166,0324,058,7122,448,124
Note: Ci has removed amortization from administrative and fundraising costs.

Comments added by the Charity:

The charity added in 2014:

In order to achieve sustainable development, Operation Eyesight promotes co-investment as a key development strategy.

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