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.
77%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 77 cents are available for programs.
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OVERVIEW
About Indspire:
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Results and Impact
The charity reports that 90% of students who were supported by Indspire’s BBF program graduated from post-secondary.
According to a 2020 Indspire report on the BBF program, nearly 60% of grant recipients hold a bachelor’s degree or above and more than 17% hold a non-university certificate or diploma. Of BBF recipients who are no longer in school, 89% are employed.
While Ci highlights these key results, they may not be a complete representation of Indspire’s results and impact.
Charity Intelligence has rated Indspire as High impact based on its demonstrated impact per dollar spent.
Impact Rating: High

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Finances
Indspire is a top 100 charity with donations of $12.6m in F2020. Indspire received $14.3m in government funding representing 51% of total revenues. Administrative costs are 10% of revenues (less investment income) and fundraising costs are 13% of donations. This results in total overhead spending of 23%. For every dollar donated, 77 cents go to the cause. This falls inside of Ci’s reasonable range for overhead spending.
Indspire has $31.2m in funding reserves. With current reserves, the charity could cover 131% or almost a year and 4 months of annual program costs.
In F2020 Indspire paid external fundraisers $15k to collect $16k in donations. Meaning it costs Indspire $0.94 to raise $1 using external fundraisers.
This charity report is an update that has been sent to Indspire for review. Changes and edits may be forthcoming.
Updated on June 9, 2021 by Brenleigh Jebb.
Financial Review
Fiscal year ending March
|
2020 | 2019 | 2018 |
---|---|---|---|
Administrative costs as % of revenues | 9.5% | 9.3% | 9.5% |
Fundraising costs as % of donations | 13.4% | 13.6% | 13.2% |
Total overhead spending | 23.0% | 22.9% | 22.7% |
Program cost coverage (%) | 130.8% | 141.6% | 146.5% |
Summary Financial StatementsAll figures in $000s |
2020 | 2019 | 2018 |
---|---|---|---|
Donations | 12,595 | 11,847 | 9,455 |
Goods in kind | 65 | 221 | 172 |
Government funding | 14,282 | 13,784 | 14,521 |
Business activities (net) | 650 | 600 | 600 |
Investment income | (148) | 2,807 | 1,650 |
Other income | 333 | 431 | 316 |
Total revenues | 27,776 | 29,690 | 26,714 |
Program costs | 6,119 | 6,459 | 6,644 |
Grants | 17,738 | 16,331 | 14,248 |
Administrative costs | 2,659 | 2,502 | 2,369 |
Fundraising costs | 1,692 | 1,605 | 1,250 |
Total spending | 28,207 | 26,896 | 24,510 |
Cash flow from operations | (431) | 2,793 | 2,205 |
Capital spending | 262 | 0 | 0 |
Funding reserves | 31,206 | 32,281 | 30,606 |
Note: Ci backed out awards and scholarships of $17.7m in F2020, $16.3m in F2019, and $14.2m in F2018 from program costs and included these figures in grants. Ci reported administrative and fundraising costs from the charity’s T3010 filings with the CRA. Ci removed amortization from program, administrative, and fundraising costs on a pro-rata basis. Ci could not break out changes in government vs. non-government deferred contributions and therefore could not adjust for deferred donations. Similarly, Ci could not differentiate between donor-endowed and board-endowed funds and therefore could not adjust the reported funding reserves accordingly.
Salary Information
$350k + |
0 |
$300k - $350k |
1 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
3 |
$120k - $160k |
2 |
$80k - $120k |
4 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2020
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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. Tel: 1-855-463-7747