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.
D
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.
45%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 45 cents are available for programs.
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OVERVIEW
About Historica Canada :
Historica Canada is a 1-star charity. It is not financially transparent and has a low results reporting grade. Its overhead costs are outside of Charity Intelligence's reasonable range. Before you give, read Charity Intelligence's report.
In 2009, The Historica Foundation of Canada and The Dominion Institute merged to form The Historia-Dominion Institute. In 2013 the charity changed its name to Historica Canada. Historica Canada aims to increase awareness of Canadian history and citizenship through 5 programs: Indigenous Arts and Stories; Citizenship Challenge; Heritage Minutes; Memory Project, and Canadian Encyclopedia. The charity does not provide a breakdown of its spending on its programs.
The Indigenous Arts and Stories program is an art and creative writing competition for Canadian Indigenous youth. Historica Canada reports more than 5,500 youth have participated over the last 15 years.
Citizenship Challenge is a mock citizenship exam made to test Canadian knowledge. The charity reports 1,210,414 people have taken the test since its creation.
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 two new additions in 2022.
The Memory Project program allows Canadian war veterans and Canadian Forces members to share their stories. Historica Canada reports that its stories have reached three million Canadians since 2001.
Canadian Encyclopedia is an online database of 19,500 articles about Canada and its history. The Encyclopedia also contains more than 30,000 multimedia items including images, maps, games, audio, and video. Historica Canada claims Canadian Encyclopedia is the largest collection of authored, accurate, and updated articles focused on Canada’s history and culture.
Encounters with Canada was a youth forum in Ottawa. This week-long trip focuses on career pathways and Canadian history. Historica Canada reports over 113,000 students participated in Encounters with Canada. In January 2021, Historica Canada announced the cancellation of this program after its suspension due to covid-19.
June 2022: Historica Canada's podcast Strong and Free: John Ware, The Legend of Canada's First Black Cowboy won a RTDNA award for best podcast.
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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).
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Finances
Historica Canada had donations of $2.7m in F2021. Fundraising costs are 30% of donations and administrative costs are 25% of revenues. This results in total overhead costs of 55%. For each dollar donated, 45 cents go to the cause. This is outside Ci's reasonable range for overhead spending. Funding reserves of $18.5m can cover program costs for over four years at the F2021 level.
In F2022, Historica Canada paid external fundraisers $686K to collect $1.3m in donations for a cost of 55 cents to raise one dollar.
This charity report is an update that has been sent to Historica Canada for review. Changes and edits may be forthcoming.
Updated on August 23, 2022 by Emily Downing.
Financial Review
Fiscal year ending March
|
2021 | 2020 | 2019 |
---|---|---|---|
Administrative costs as % of revenues | 24.8% | 13.7% | 17.8% |
Fundraising costs as % of donations | 29.7% | 36.7% | 27.0% |
Total overhead spending | 54.5% | 50.4% | 44.8% |
Program cost coverage (%) | 409.6% | 183.4% | 185.8% |
Summary Financial StatementsAll figures in $000s |
2021 | 2020 | 2019 |
---|---|---|---|
Donations | 2,748 | 2,913 | 2,594 |
Government funding | 4,775 | 6,978 | 6,636 |
Fees for service | 0 | 1,816 | 2,210 |
Other income | 81 | 245 | 290 |
Total revenues | 7,604 | 11,952 | 11,730 |
Program costs | 4,506 | 8,672 | 8,914 |
Administrative costs | 1,886 | 1,641 | 2,089 |
Fundraising costs | 817 | 1,069 | 699 |
Total spending | 7,210 | 11,383 | 11,702 |
Cash flow from operations | 394 | 569 | 28 |
Capital spending | 39 | 189 | 119 |
Funding reserves | 18,456 | 15,903 | 16,564 |
Note: 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 |
0 |
$250k - $300k |
1 |
$200k - $250k |
2 |
$160k - $200k |
1 |
$120k - $160k |
5 |
$80k - $120k |
1 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2021
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Comments & Contact
Comments added by the Charity:
Charity Contact
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