Historica Canada
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✖
FINANCIAL TRANSPARENCY
Audited financial statements available only through official request for information from Charities Directorate.
F
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.
27%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 27 cents are available for programs.
My anchor
OVERVIEW
About Historica Canada :
Historica Canada is a 1-star charity. It is not financially transparent and has an F results reporting grade, which is below average, which means that it provides very little information on its programs. For every dollar donated to the charity, 27 cents are available to go to the cause, which is outside of Ci's reasonable range. Before you give, read Charity Intelligence's report.
Founded in 2009, after the Historica Foundation of Canada and the Dominion Institute merged to form the now Historica Canada (HC). Historica Canada aims to increase awareness of Canadian history and citizenship through four programs: Citizenship Challenge, Heritage Minute, Memory Project, and Canadian Encyclopedia. The charity does not provide a breakdown of its spending on its programs.
Citizenship Challenge: The Citizenship Challenge is a mock citizenship exam to test Canadian knowledge. The Citizenship Challenge reached an audience of more than 1.3 million people since its founding.
Heritage Minutes: Heritage minutes is a collection of one-minute films that re-enact stories about important people or events in Canadian history. Historica Canada currently has 98 episodes available, including one new addition in 2023.
Memory Project: Memory project arranges veterans and Canadian Forces members to share their stories of military service at school and community events across Canada. The charity reports its speakers reached more than three million since 2001.
The Canadian Encyclopedia: The Canadian Encyclopedia is an online database that provides historical information on Canada. The charity reports it is the only established national encyclopedia of its kind in the world. Historica Canada states it offers the largest collection of authored, accurate, and updated articles on Canada’s history and culture. To date, the Encyclopedia’s collection contains more than 24,000 articles by 5,000 authors.
My anchor
Results and Impact
Charity Intelligence was unable to find any quantified outcomes on Historica Canada's website. This may not be a complete representation of Historica Canada's results and impact.
Historica Canada is not yet rated for demonstrated impact (n/r).
My anchor
Finances
Historica Canada received $2.3m in donations in F2022 and $3.5m in government funding. Government funding represents 60% of total revenue. Historica Canada’s administrative costs are 36% of revenues (excluding investment income) and its fundraising costs are 37% of donations. This results in total overhead spending of 73%. For every dollar donated to the charity, 27 cents are available to go to the cause, which is outside of Ci’s reasonable range.
Historica Canada has $23.8m in reserve funds. With its reserve funds, it can cover 770%, or seven years and eight months of its annual program costs.
Historica Canada paid $625k to raise $1.2m through external fundraisers’ telemarketing campaigns in F2022. In other words, for every dollar fundraised, 53 cents were paid to external fundraisers. For donors who focus on cents to the cause, it is cheaper to donate directly through the charity’s website.
This charity report is an update that has been sent to Historica Canada for review. Changes and edits may be forthcoming.
Updated on June 15, 2023 by Liam Chapleau
Financial Review
Fiscal year ending March
|
2022 | 2021 | 2020 |
---|---|---|---|
Administrative costs as % of revenues | 36.1% | 24.4% | 13.8% |
Fundraising costs as % of donations | 36.8% | 29.7% | 36.7% |
Total overhead spending | 72.8% | 54.2% | 50.5% |
Program cost coverage (%) | 769.8% | 409.6% | 183.4% |
Summary Financial StatementsAll figures in $000s |
2022 | 2021 | 2020 |
---|---|---|---|
Donations | 2,307 | 2,748 | 2,913 |
Government funding | 3,472 | 4,775 | 6,978 |
Fees for service | 0 | 0 | 1,816 |
Investment income | (167) | 29 | 0 |
Other income | (1,054) | 200 | 202 |
Total revenues | 4,558 | 7,751 | 11,909 |
Program costs | 3,091 | 4,506 | 8,672 |
Administrative costs | 1,705 | 1,886 | 1,641 |
Fundraising costs | 848 | 817 | 1,069 |
Total spending | 5,644 | 7,210 | 11,383 |
Cash flow from operations | (1,086) | 542 | 526 |
Capital spending | 24 | 39 | 189 |
Funding reserves | 23,795 | 18,456 | 15,903 |
Note: The charity did not provide a breakdown of government and donor deferred contributions. As such, Ci accounted for deferred contributions within other revenue, impacting revenue by ($1.1m) in F2022, $147k in F2021, and ($43k) in F2020. Similarly, the charity did not differentiate donor- and board-endowed funds and therefore could not adjust the reported funding reserves accordingly.
Salary Information
$350k + |
0 |
$300k - $350k |
1 |
$250k - $300k |
1 |
$200k - $250k |
1 |
$160k - $200k |
0 |
$120k - $160k |
2 |
$80k - $120k |
4 |
$40k - $80k |
1 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2022
My anchor
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: 416-506-1867