Cuso International

44 Eccles Street #200
Ottawa, ON K1R 6S4
CEO: Evelyne Guindon
Board Chair: Lloyd Axworthy

Charitable Reg. #: 81111 6813 RR0001
Sector: International Aid
Operating Charity

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 #105

Avg. Compensation $70,075

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 1
$120k - $160k 2
$80k - $120k 7
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2015

About Cuso International:

Cuso International (CUSO) was founded in 1961 with a mission to "work in inclusive partnerships to eradicate poverty through equitable and sustainable development". CUSO primarily works with local partners in Africa, Asia, the Caribbean and Latin America. CUSO's work focuses on three main areas: community, health, and livelihood. Its community program aims to ensure that everyone enjoys the same rights and opportunities to participate in decision-making processes. Its health program aims to increase accessibility for people living in poverty, or in rural communities. Its livelihood program aims to help people overcome food shortages, unemployment and ecological risks. CUSO selects skilled professionals to undertake volunteer placements on locally and nationally managed projects.

In F2015, 289 volunteers worked with 172 local partners in 26 developing countries, helping over 400,000 people. Moving forward, CUSO aims to continue to work towards meeting the Sustainable Development Goals set forth by the United Nations.

Financial Review:

CUSO International is a medium-sized charity, with donations of $3.1m in F2015. The charity has valued its volunteer time at$6.5m in F2015, down 50% from $13M in F2014. This value has been included in Goods in kind. Excluding the value of volunteer time, CUSO receives 78% of its funding from the Canadian government. Its administrative costs were 11% of revenuesand its fundraising costs were high, at 44% of donations. For every $1 donated to CUSO, 45 cents is put towards its programs, falling outside of Ci's reasonable range.CUSO had funding reserves of $6.9m in F2015. Excluding the value of volunteer time, CUSO's funding reserves can cover 50% of its annual program costs.

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

Updated on May 18, 2016 by Lynn Tay.

Financial Ratios

Fiscal year ending March
Administrative costs as % of revenues 11.1%10.1%2.8%
Fundraising costs as % of donations 44.3%43.1%16.2%
Program cost coverage (%) 50.0%73.8%74.6%

Summary Financial Statements

All figures in $000s
Donations 3,1183,3724,424
Goods in kind 6,50313,19813,703
Government funding 12,82313,46512,972
Investment income 412486349
Other income 0063
Total revenues 22,85630,52231,511
Program costs - International 20,34227,50829,424
Program costs - Canada 000
Administrative costs 2,4843,033866
Fundraising costs 1,3811,452718
Cash flow from operations (1,351)(1,472)502
Funding reserves 6,91910,56611,722
Note: Ci has adjusted amortization of capital assets affecting expenses by ($355k) in F2015, by ($263k) in F2014, and by ($341k) in F2013. Ci excluded the value of volunteer time of $6.5m in F2015, $13.2m in F2014, and $13.7m in F2013 from Program Costs to calculate program cost coverage. 

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