Knowledge Network
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.
Low
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.
80%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 80 cents are available for programs.
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OVERVIEW
About Knowledge Network:
Knowledge Network is a 2-star charity. It is financially transparent, has overhead spending within Ci's reasonable range, and has an above-average results reporting grade. However, it has Low demonstrated impact. Before you give, read Charity Intelligence's report.
Founded in 1981, Knowledge Network Corporation (Knowledge Network) is a public educational broadcaster in British Columbia. Knowledge Network operates a free, commercial-free television channel in BC and streaming services across Canada. Knowledge Network offers diverse content, including documentaries, drama, arts and culture, and children’s programs. The charity aims to educate communities through programs that showcase lifelong learning, diverse perspectives, culture, identity, and inclusion. Knowledge Network focuses on two areas: programming and production, and broadcasting platforms and corporate IT.
Knowledge Network allocated 78% of program spending to programming and production in F2022. The charity broadcasts its TV programs through its Knowledge Primetime and Knowledge Kids channels. In F2022, the Knowledge Primetime channel reached 2.6 million people, compared to 2.8 million in F2021. Additionally, the Knowledge Kids channel reached 1.8 million people in F2022, compared to 1.9 million in F2021.
The remaining 22% of program spending was allocated to the charity’s broadcasting platforms and corporate IT. The charity broadcasts its web programs through two websites: Knowledge.ca and KnowledgeKids.ca. In F2022, 3.7 million videos were streamed on Knowledge.ca, and 7.5 million were streamed on KnowledgeKids.ca. Knowledge Network also offers services through mobile applications. In F2022, Knowledge Apps had 127k downloads, while Knowledge Kids Apps had 156k.
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Results and Impact
Knowledge Network conducted an online survey to measure audience satisfaction with streaming video performance on Knowledge.ca and the Knowledge Apps and discovered that 91% of users are satisfied with the service.
Charity Intelligence has given Knowledge Network a Low impact rating based on demonstrated impact per dollar spent.
Impact Rating: Low
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Finances
Knowledge Network had total donations of $14.3m in F2022. This is up 40% from $10.2m in F2021. Administrative costs are 8% of revenues (less investment income), and fundraising costs are 12% of donations. This results in total overhead spending of 20%. For every dollar donated to the charity, 80 cents go to the cause. This is within Ci’s reasonable range for overhead spending.
Knowledge Network has $25.8m in reserve funds (cash and investments). The charity does not break out externally restricted donor-endowed funds on its audited financial statements. Knowledge Network could cover 238%, or almost two years and five months of annual program costs with its reserves.
Charity Intelligence has sent this update to Knowledge Network for review. Changes and edits may be forthcoming.
Updated on June 21, 2023, by Sydney Olexa.
Financial Review
Fiscal year ending March
|
2022 | 2021 | 2020 |
|---|---|---|---|
| Administrative costs as % of revenues | 7.9% | 8.1% | 13.0% |
| Fundraising costs as % of donations | 12.4% | 15.3% | 24.4% |
| Total overhead spending | 20.2% | 23.4% | 37.4% |
| Program cost coverage (%) | 237.7% | 263.2% | 255.1% |
Summary Financial StatementsAll figures in $000s |
2022 | 2021 | 2020 |
|---|---|---|---|
| Donations | 14,278 | 10,222 | 6,578 |
| Government funding | 6,611 | 6,611 | 6,708 |
| Investment income | 841 | 406 | 196 |
| Other income | 134 | 89 | 65 |
| Total revenues | 21,864 | 17,328 | 13,548 |
| Program costs | 10,852 | 7,106 | 4,892 |
| Administrative costs | 1,655 | 1,372 | 1,734 |
| Fundraising costs | 1,764 | 1,567 | 1,605 |
| Total spending | 14,271 | 10,045 | 8,231 |
| Cash flow from operations | 7,593 | 7,283 | 5,317 |
| Capital spending | 82 | 172 | 336 |
| Funding reserves | 25,800 | 18,700 | 12,478 |
Note: Ci reported fundraising costs from the charity’s T3010 filing with the CRA. Ci could not remove externally restricted endowed funds from the program cost coverage ratio, as the charity does not provide a breakdown in its audited financial statements.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
1 |
$120k - $160k |
4 |
$80k - $120k |
5 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2022
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Comments & Contact
Comments added by the Charity:
Charity Contact
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