Opportunity International Canada

145 Lincoln Road
Waterloo, ON N2J 2N8
CEO: Dan Murray
Board Chair: Dale Patterson

Charitable Reg. #:87751 6385 RR0001


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

[Charity Rating: 5/5]



Audited financial statements for current and previous years available on the charity’s website.



Grade based on the charity's public reporting of the work it does and the results it achieves.



The demonstrated impact per dollar Ci calculates from available program information.


Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.



For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 84 cents are available for programs.

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About Opportunity International Canada:

Founded in 1998Opportunity International Canada (OIC), the Canadian support partner of the US-based Opportunity International, is a faith-based organization that serves individuals of all beliefs in developing countries. Its mission is to “empower people living in poverty to transform their lives, their children’s futures and their communities” by providing financial solutions and training. OIC supports local microfinance organizations, providing innovative financial solutions to empower people, create jobs and build communities. 

Globally, Opportunity International's microfinance services include lending, savings, microinsurance and financial training. OIC offers financial products aimed at helping farmers, creating leaders, and empowering women. Its philanthropic efforts provide education to children and deliver technology to poverty-stricken communities. 

In F2017, Opportunity International, globally, loaned $2.46 billion to 9.4 million people in 21 countries in Africa, Asia, Latin America and Eastern Europe. It served 5.9 million savings account clients with combined $285m in deposits. Opportunity International reports that 85% of the loans are made to women.  

This is the most recent output data available. As of the date this report was updated, OIC had yet to publish its annual report for F2018. 

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Results and Impact

Opportunity International Canada reports that it has a loan repayment rate of 99%. OIC has also calculated that every $1 invested creates $6 over five years. 

Opportunity International Canada reports that in F2017, 2,000 people achieved long-term financial resiliency in Colombia, 7,000 jobs were created in Honduras and 50,000 jobs were created or sustained in Ghana, and 150,000 families got increased access to clean water pumps and toilets in India.  

Charity Intelligence has given Opportunity International a Good impact rating based on demonstrated impact per dollar spent.

Impact Rating: Good

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Opportunity International Canada is a large charity, with donations of $8.3m in F2018. Administrative costs are 3% of revenues (excluding investment income), and fundraising costs are 13% of donations. For every dollar donated to the charity, 84 cents go towards its programs, which is within Ci’s reasonable range for overhead spending. The charity holds funding reserves of $5.7m, which can cover just under 10 months of annual programs. 

Opportunity International used external fundraisers in F2018. The charity paid external fundraisers $36k to raise $218k, spending $0.16 per dollar raised. 

Ci has consolidated the financial statements of the Opportunity International Canada Foundation with those of Opportunity International Canada. Opportunity International Canada’s year end is different than its foundation, so although there is inconsistency in the figures presented, Ci has tried to present them as accurately as possible 

This charity report is an update that has been sent to Opportunity International Canada for review. Changes and edits may be forthcoming. 

Updated on August 13, 2019 by Caroline McKenna. 

Financial Review

Financial Ratios

Fiscal year ending December
Administrative costs as % of revenues 3.4%4.2%4.4%
Fundraising costs as % of donations 12.7%9.7%10.0%
Total overhead spending 16.1%13.9%14.4%
Program cost coverage (%) 80.1%88.9%15.8%

Summary Financial Statements

All figures in $000s
Donations 8,2938,9248,474
Investment income 593661
Other income 10170
Total revenues 8,3628,9778,534
Program costs - International 5,6324,9296,488
Program costs - Canada 1,523688606
Administrative costs 280379372
Fundraising costs 1,054861844
Other costs (49)1,129855
Total spending 8,4397,9869,165
Cash flow from operations (77)991(630)
Funding reserves 5,7324,9965,700

Note: Ci has consolidated the audited financial statements for Opportunity International Canada and Opportunity International Canada Foundation. Ci has adjusted OIC Foundation’s donations to OIC, as well as OIC Foundation’s donations from OIC, affecting revenues by ($650k) in F2018, ($1.1m) in F2017, and ($845k) in F2016. 

Salary Information

Full-time staff: 8

Avg. Compensation: $101,050

Top 10 staff salary range:

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

Information from most recent CRA Charities Directorate filings for F2018

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Comments & Contact

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Charity Contact

Website: www.opportunityinternational.ca
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