Charity Intelligence
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.
A+
RESULTS REPORTING
Grade based on the charity's public reporting of the work it does and the results it achieves.
High
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.
90%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 90 cents are available for programs.
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OVERVIEW
About Charity Intelligence:
Charity Intelligence is a 5-star rated charity. It is financially transparent, has above average results reporting grade and has reasonable overhead costs. With its current reserves it can cover around one year and three months of annual program costs.
Founded in 2006, Charity Intelligence Canada (Ci) aims to inform Canadians on registered charities and help donors make impactful giving decisions. Ci’s analysis helps to advise individual donors, foundations, and corporations. According to a 2015 Statistics Canada survey, 29% of donors are unsure about how charities use their money and 34% have doubts on whether charities use their funds effectively. Ci keeps donors informed through charity profiles, research reports, and commentary on news in the charitable sector.
Charity Intelligence’s main program is charity research. In F2022, it spent 55% of research costs on impact analysis and 35% on charity ratings and results reporting.
Ci’s charity profiles provide a summary of a given charity’s programs and spending. Each charity profile assesses its financial transparency, results reporting, need for funding, and cents to the cause. In F2022, Ci updated 436 charity reports, compared to 416 in F2021. Ci’s demonstrated impact ratings measure the social value that a charity produces for each dollar spent. As of F2022, Ci has 280 charities rated on impact. The charity produced four impact reports explaining how the score is calculated. Each report focused on a different high impact charity. Each year, Ci publishes a Top 100 Rated Charities and Top 10 Impact Charities lists.
In F2022, Ci received 502,000 unique visitors to its website. It received a total of 1.8 million page views during the year. Website visits were 624,300 in F2022, compared to 587,100 the previous year.
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Results and Impact
In 2022, Charity Intelligence conducted a donor survey which had 1,407 participants. The charity reports that 89% of donors find that Ci’s reports informed their giving. Additionally, 70% of donors change their giving after reading a charity report. Ci reports that when impact scores are available, donors are more influenced by impact scores than star ratings. It states that 83% of donors planned to change their giving to a charity with a higher impact score, compared to 78% influence of star ratings. The donors who changed the charity they are donating to doubled the impact of their giving, going from charities with an average Social Return on Investment (SROI) of 1.2 to charities with an average SROI of 2.7.
While Ci highlights these key results, they may not be a complete representation of Charity Intelligence’s results and impact.
Charity Intelligence has High impact based on demonstrated impact per dollar.
Impact Rating: High
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Finances
Charity Intelligence is a small charity, with $369k in Canadian donations in F2022. This included $10k from members of Ci’s board of directors.
Administrative costs are 5% of revenues and fundraising costs are 5% of Canadian donations. This results in total overhead spending of 10%. For every dollar donated to the charity, 90 cents go to the cause. This is within Ci’s reasonable range for overhead spending.
Charity Intelligence has $594k in reserve funds. These are the charity’s cash and investments. With its existing reserves, the charity can cover one year and three months of annual program costs.
In F2022 Ci paid external fundraisers $17k. These external fundraisers raised $28k. This means it costs the charity $0.60 to raise $1 using external fundraisers.
Updated on June 22, 2023 by Alessandra Castino.
Financial Review
Fiscal year ending June
|
2022 | 2021 | 2020 |
---|---|---|---|
Administrative costs as % of revenues | 5.4% | 4.6% | 4.5% |
Fundraising costs as % of donations | 4.8% | 0.2% | 5.5% |
Total overhead spending | 10.2% | 4.8% | 9.9% |
Program cost coverage (%) | 123.7% | 148.5% | 102.4% |
Summary Financial StatementsAll figures in $s |
2022 | 2021 | 2020 |
---|---|---|---|
Donations | 368,717 | 572,382 | 366,751 |
International donations | 182,411 | 563 | 482,735 |
Government funding | 20,344 | 32,591 | 4,488 |
Fees for service | 16,358 | 15,324 | 6,529 |
Total revenues | 587,830 | 620,860 | 860,503 |
Program costs | 480,523 | 389,917 | 415,473 |
Donor-designated donations | 37,600 | 56,764 | 57,977 |
Administrative costs | 31,773 | 28,251 | 38,273 |
Fundraising costs | 17,778 | 1,200 | 19,977 |
Total spending | 567,674 | 476,132 | 531,700 |
Cash flow from operations | 20,156 | 144,728 | 328,803 |
Capital spending | 0 | 0 | 0 |
Funding reserves | 594,348 | 579,165 | 425,570 |
Note: International donations have been reported from T3010 filings and removed from Canadian donations. Donor-designated donations have been included in expenses, affecting expenses by $38k in F2022, $57k in F2021 and $58k in F2020. Ci adjusted for donor-designated grants payable, affecting donor donations by ($27k) in F2022.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
1 |
$80k - $120k |
1 |
$40k - $80k |
0 |
< $40k |
4 |
Information from most recent CRA Charities Directorate filings for F2022
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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.
During covid, email is the best way to get in touch info@charityintelligence.ca
We look forward to hearing from you.
Tel: 416-363-1555