Institute for Advancements in Mental Health

95 King Street East, Suite 300
Toronto, ON M5C 1G4
CEO: Mary Alberti
Board President: Chris Damaren

Charitable Reg. #:12990 4058 RR0001

STAR RATING

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

[Charity Rating: 3/5]

✔+

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.

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.

51%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 51 cents are available for programs.



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OVERVIEW

About Institute for Advancements in Mental Health:

Canadian Institute for Advancements in Mental Health is a 3-star charity. It is financially transparent but has a below-average results reporting grade and overhead spending outside of Ci’s reasonable range.

Founded in 1979, Institute for Advancements in Mental Health (IAM) aims to support people living with mental illness and create innovative solutions for mental health. Formerly known as the Schizophrenia Society of Ontario and, as of 2023, often referring to itself as Canadian Institute for Advancements in Mental Health, the charity rebranded to support anyone in society impacted by mental health issues. Institute for Advancements in Mental Health funds in-house patient services, resources, and research projects to improve mental health. Its main office is in Toronto. 

Support programs and advocacy – 86% of total program spending ($910k): Canadian Institute for Advancements in Mental Health offers various programs to support patients and train caregivers. IAM offers Ask Expert, a service that assists people living with schizophrenia through online, over-the-phone, or in-person services. The charity also runs a Cognitive Behavioural Therapy for Psychosis (CBT-p) program to help reduce symptoms of schizophrenia and other conditions. The program includes individual therapy and workshops for caregivers and family members to increase their ability to support loved ones. In F2022, CIAM served 3,600 people through its support services (70% of which are caregivers). The charity also reached 2,383 people through its support line and 5,800 people through social media. Additionally, CIAM runs advocacy programs to push for mental health policy reform. It advocates for more mental health services, research funding, and caregiver support.

Research and Innovation – 14% of total program spending ($145k): IAM states that it operates Canada’s first independent mental health Innovation Platform. The platform brings together innovators and people living with mental illness to build new services and solutions to mental health challenges. IAM works with many community partners in the mental health space. At the time of writing this report, the charity has three active innovation projects. These are: supporting individuals with their physician appointments, a mental health prize challenge to help prevent youth suicide, and CBT & RIA (Recovery in Action) evaluations.

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Results and Impact

Charity Intelligence could not find any publicly available quantifiable outcomes of IAM.

While Ci highlights these key results, they may not be a complete representation of Institute for Advancements in Mental Health’s results and impact. 

 

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Finances

In F2022, Institute for Advancements in Mental Health received $999k in donations and special events revenue. It also received $678k in government funding, representing 37% of total revenues. Administrative costs are 15% of revenues (less investment income), and fundraising costs are 34% of donations and special events revenue. This results in total overhead spending of 49%. For every dollar donated to the charity, 51 cents go to the cause, which is outside of Ci’s reasonable range for overhead spending, which has been the case for the past three years. 

IAM has $1.3m in reserve funds. The charity can cover around 14 months of its annual program costs with its reserves. 

In F2022, IAM paid external fundraisers $63k to raise $204k, for a cost of $0.31 per dollar raised. 

This charity report is an update that has been sent to Institute for Advancements in Mental Health for review. Changes and edits may be forthcoming. 

Updated on August 23, 2023 by Krystie Nguyen.  

 

Financial Review


Financial Ratios

Fiscal year ending March
202220212020
Administrative costs as % of revenues 15.1%14.1%27.6%
Fundraising costs as % of donations 34.4%26.6%34.6%
Total overhead spending 49.5%40.7%62.2%
Program cost coverage (%) 119.6%90.2%32.7%

Summary Financial Statements

All figures in $s
202220212020
Donations 965,0001,258,497846,456
Government funding 678,086886,384571,491
Fees for service 46,53065,25029,736
Lotteries (net) 73,25565,348100,562
Special events 34,11044,805149,744
Investment income 1,2798,41615,092
Other income 16,978(2,301)(16,288)
Total revenues 1,815,2382,326,3991,696,793
Program costs 1,052,0971,114,9851,464,017
Administrative costs 274,105327,294464,541
Fundraising costs 343,157346,315344,321
Total spending 1,669,3591,788,5952,272,879
Cash flow from operations 145,879537,804(576,086)
Capital spending 000
Funding reserves 1,258,8151,005,603479,014

Note: Ci reported lottery revenues, which included Nevada events, net of lottery expenses. This affected total revenues and expenses by ($76k) in F2022, ($79k) in F2021, and ($109k) in F2020. Ci removed amortization on a pro-rata basis from program, administrative, and fundraising costs.

Salary Information

Full-time staff: 16

Avg. compensation: $58,951

Top 10 staff salary range:

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
0
$120k - $160k
1
$80k - $120k
3
$40k - $80k
6
< $40k
0

Information from most recent CRA Charities Directorate filings for F2022

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Comments & Contact

Comments added by the Charity:

Charity's name change updated on May 2023 to Canadian Institute for Advancements in Mental Health.

Charity Contact

Website: www.iamentalhealth.ca
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 416-449-6830

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Charitable Registration Number: 80340 7956 RR0001