1040 Waterloo Street
London, ON N6A 3Y1
Board President: Lois Côté
Executive Director: Marisa Thornburn

Charitable Reg. #:11914 1943 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

[Charity Rating: 4/5]

✔+

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.

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.

88%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 88 cents are available for programs.



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OVERVIEW

About Save A Family Plan:

Save a Family Plan is a 4-star, high impact charity. It has a below-average results reporting grade of B- and funding reserves that can cover more than 4 years of program costs at the F2022 level. 

Founded in 1965, Save a Family Plan (SAFP) is a Canadian-based charity that raises funds for Save a Family Plan India. SAFP works to help its partner families and communities in rural India overcome poverty. SAFP’s core program is its Family Development program. It also runs a Community Development program.

Family Development Program (FDP) – 69% of program spending ($2.2m). SAFP worked with 31 local non-governmental organizations (NGOs) in 58 districts across five states to run this program. In its FDP, donors pledge $22 a month for six years to support a family. This helps the family start a small business and pay for other needs like food or shelter. The goal is for the family to graduate from the program and be reliant on their small business for income. In F2022, SAFP supported 8,798 families. The families started 3,442 small businesses.

Community Development – 27% of program spending ($882k). In F2022, this program worked with 11 NGOs in six states. It identifies poverty-related issues and addresses them to help improve communities. In F2022, this program reached approximately 10,000 people. SAFP's funding provided 1,500 water purifiers, 466 sanitary toilets, and 36 new homes to communities in need. As part of this program, it also runs a Women’s Empowerment program. This helps women learn tailoring, embroidery, and entrepreneurship. The program helped 20 women start their own business. It gave each woman their own industrial tailoring machine and helped them get clients.

The remaining 4% of program costs went to public engagement and tech support.

 

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Results and Impact

SAFP provided 1,500 non-electric water purifiers that helped provide safe water to 8,000 people in rural villages. The 466 sanitary toilets served 2,300 people.

Charity Intelligence has given Save a Family Plan a High impact rating based on demonstrated impact per dollar.

Charity Intelligence highlights these key results. They may not be a complete representation of SAFP's results.

Impact Rating: High

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Finances

In F2022, Save a Family Plan received $3.5m in Canadian donations in F2022. Administrative costs are 12% of revenues (less investment income) and fundraising costs are less than 1% of donations. This means total overhead spending is 12%. For each dollar donated, 88 cents go to the cause. This is within Ci’s reasonable range for overhead spending.

SAFP received $1.4m in investment income duding F2022, making up 28% of total revenues.

SAFP has reserve funds of $15.5m that can cover program costs at F2022 levels for 4 years and 10 months. This includes the value of its cash, investments, and HST receivable. Its investments are worth $11.9m, of which 72% is in equities/equity funds and 28% is in fixed income securities.

In its annual report, SAFP notes that it had $3.2m in program costs in F2022 as well as $540k deferred until April 2022. This information is not provided in the audited financial statements. As such, it is not included in the financial breakdown below.

This charity report is an update that was sent to Save a Family Plan for review. Changes and edits may be forthcoming.

Financial Review


Financial Ratios

Fiscal year ending March
202220212020
Administrative costs as % of revenues 11.8%10.1%12.1%
Fundraising costs as % of donations 0.1%0.1%0.1%
Total overhead spending 11.9%10.2%12.2%
Program cost coverage (%) 481.9%573.5%353.3%

Summary Financial Statements

All figures in $s
202220212020
Donations 3,497,5533,640,7072,811,918
International donations 0211,062304,181
Government funding 038,1450
Investment income 1,374,7741,712,882(415,943)
Total revenues 4,872,3275,602,7962,700,156
Program costs - International 3,219,6342,439,3822,897,988
Donated goods exp 008,281
Administrative costs 412,653393,687378,430
Fundraising costs 4,8881,8691,984
Other costs 216,028148,607158,260
Total spending 3,853,2032,983,5453,444,943
Cash flow from operations 1,019,1242,619,251(744,787)
Capital spending 010,09625,794
Funding reserves 15,515,13613,989,16610,239,107

Note: Ci used Save a Family Plan’s T3010 filing with the CRA to report international donations. Ci removed these amounts from Canadian donations, affecting them by $0 in F2022, ($211k) in F2021, and $304k in F2020.

Salary Information

Full-time staff: 5

Avg. compensation: $57,038

Top 10 staff salary range:

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
0
$120k - $160k
0
$80k - $120k
0
$40k - $80k
3
< $40k
2

Information from most recent CRA Charities Directorate filings for F2022

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Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

Website: www.safp.org
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 519-672-1115

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Charitable Registration Number: 80340 7956 RR0001