Opportunity International Canada

101 - 2275 Upper Middle Road East
Oakville, ON L6H 0C3
CEO: Dan Murray
Board Chair: John Mach

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) 72 cents are available for programs.

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About Opportunity International Canada:

Opportunity International Canada is a five-Star charity with a Good impact rating. It has exceptional results reporting, achieving an A grade. For every dollar donated to the charity, 72 cents are available to go to the cause, which is within Ci's reasonable range. 

Founded in 1998, Opportunity International Canada (OIC) is the Canadian support partner of the US-based Opportunity International. It 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 resources and training. OIC supports local finance organizations, providing financial resources to create jobs and build communities.

A Charity Intelligence 2023 Top 100 Rated Charity

Globally, Opportunity International’s microfinance services include loans, savings accounts, microinsurance, and financial training. OIC offers financial products aimed at helping farmers, empowering women, and training local leaders who can share financial knowledge with their communities. It also provides loans to communities that want to improve schools, water sanitation, and other pieces of infrastructure. OIC has three core programs: Micro Enterprise, Education Finance, and Innovation.

Micro Enterprise: OIC spent $3.0 million (52% of total program costs) on its Micro Enterprise program in F2022. The charity’s Micro Enterprise program provides small loans, shelter, and finance training to help break the cycle of poverty. The charity states increased incomes help families become food secure, educate their children, and improve health. The charity provided 1.1 million clients with small loans in F2022. 

Innovation: OIC spent $565,329 (10% of total program costs) on its Innovation program in F2022. The charity's Innovation program aims to provide technology-based solutions to help provide women with financial stability. OIC reached 147,910 people in F2022. The charity delivered financial literacy training to 4,521 refugees in F2022.

Education Finance: OIC spent $454,328 (8% of total program costs) on its Education Finance program in F2022. The charity partners with financial institutions to provide access to Education Finance for schools and communities. OIC states its program helps students stay in school and helps schools make capital investments for development. 170,099 children and educational workers benefitted from its EduFinance program in F2022. The charity implemented EduFinance to schools and families in 25 countries in F2022. OIC enrolled 177 schools in Zambia and 200 schools in the DRC in F2022.

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Results and Impact

Opportunity International Canada reports that 95% of its clients repay their loans. 

Opportunity International’s partner in India studied the effects of Opportunity International’s finance programs on the lives of its clients. It compared data taken when clients started the program with survey results from 2019. The proportion of participants earning less than $1.25 per day went from 75% to 35%, the proportion earning less than $1.88 per day went from 96% to 73%, and the proportion earning less than $2.50 per day went from 99% to 88%. They also compared the clients’ living situations. They found that 65% of people improved their living conditions while 25% of people’s living conditions did not change, and 10% of people were in worse living conditions than when they joined the program.  

While Ci highlights these key results, they may not be a complete representation of Opportunity International Canada's results and impact. 

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

Impact Rating: Good

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Opportunity International Canada received $4.8m in donations in F2022 and $2.1m in government funding. Government funding represents 30% of revenue. Administrative costs are 8% of revenue (excluding investment income), and fundraising costs are 20% of donations. This results in total overhead spending of 28%. For every dollar donated to the charity, 72 cents are available to go to the cause, which is within Ci’s reasonable range.

OIC has $2.7m in reserve funds, of which $94k is donor endowed. Excluding donor-endowed funds, the charity can cover 46%, or under six months of annual program costs.

OIC used external fundraisers in F2022. The charity paid $109k to collect $511k in revenue. The cost to raise a dollar using external fundraisers is 21 cents, which is comparable with previous years.

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's, 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 July 10th, 2023 by Liam Chapleau

Financial Review

Financial Ratios

Fiscal year ending December
Administrative costs as % of revenues 7.7%7.8%5.1%
Fundraising costs as % of donations 20.4%27.4%20.9%
Total overhead spending 28.1%35.2%26.0%
Program cost coverage (%) 45.8%66.2%54.8%

Summary Financial Statements

All figures in $000s
Donations 4,7593,5304,507
Government funding 2,1332,1473,031
Fees for service 0044
Investment income 1022140
Other income 57159
Total revenues 7,0515,9067,592
Program costs - International 4,4133,7997,309
Program costs - Canada 1,3481,4371,081
Administrative costs 535445388
Fundraising costs 970965941
Other costs (158)490(158)
Total spending 7,1087,1369,560
Cash flow from operations (57)(1,231)(1,969)
Capital spending 000
Funding reserves 2,7323,5734,693

Note: Ci has consolidated the audited financial statements for Opportunity International Canada and Opportunity International Canada Foundation. Ci has adjusted for OIC’s donations to and from OIC Foundation, affecting revenues and expenses by ($294k) in F2022, ($413k) in F2021, and ($397k) in F2020. Ci removed GAC Grants from donations and included it in government funding. Ci included gain and loss on foreign exchange in other cash expenses, affecting revenue and expenses by ($158k) in F2022, ($nil) in F2021, and ($nil) in F2020. The charity misfiled its F2022 T3010 compensation. F2021 compensation is used instead. 

Salary Information

Full-time staff: 8

Avg. compensation: $117,030

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 F2021

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Comments & Contact

Comments added by the Charity:

Comment Uploaded on December 11, 2023:

For more than two decades, Opportunity International Canada’s unwavering mission has been focused on providing a dignified way out of poverty’s grip. Since 1997, we’ve been committed to sustainable solutions that uplift people worldwide and enable them to work their way out of poverty.

We’re not just about statistics; we’re about stories of transformation. With your partnership, we’ve been able to expand and introduce innovative programs that truly break the cycle of poverty  for individuals once trapped in ultra-poverty.

Visit opportunityinternational.ca to learn more about how we are alleviating poverty with the help of people like you!

Charity Contact

Website: www.opportunityinternational.ca
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 1-877-867-2448


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Charitable Registration Number: 80340 7956 RR0001