International Conservation Fund of Canada
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.
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.
92%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 92 cents are available for programs.
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Programs
About International Conservation Fund of Canada:
Founded in 2007, International Conservation Fund of Canada (ICFC) strives for the long-term preservation of nature and biodiversity across the world. ICFC focuses on projects in tropical regions, where it argues that nature is most threatened and conservation is least funded. International Conservation Fund of Canada works with local partners and Indigenous groups to protect land and wildlife in South America, Asia, and Africa. In F2019, the charity spent $5.0m on 44 conservation projects. ICFC's headquarters are in Chester, Nova Scotia.
International Conservation Fund of Canada’s projects fall into four main areas: Land Conservation, Threatened Species, Shorebird Initiative, and Marine Conservation.
Land Conservation projects were 63% of program spending in F2019. These projects fund local groups that protect natural land from illegal hunting, mining, and development. To date, ICFC reports that it has protected over 15 million hectares of land.
Threatened Species represented 20% of program spending in F2019. These projects protect areas known to shelter endangered or at-risk species. ICFC reports that its protected lands encompass 268 species designated as Threatened by the International Union for Conservation of Nature.
Shorebird Initiative was 8% of program spending. The initiative aims to combat habitat loss and human disturbances that harm shorebirds. International Conservation Fund of Canada funds ranger patrols to ensure the protection of shorebird habitats. In F2019, rangers funded in Argentina were able to stop 97.5% of disturbances to shorebird migration by people, vehicles, and dogs.
Marine Conservation was 3% of program spending in F2019. ICFC aims to protect areas that are prone to overfishing and destructive pollution. The charity currently protects 22,000 hectares of Lake Malawi and 11,354 hectares of Kep Bay in Cambodia.
The remaining 6% of spending went to small conservation projects that each cost less than $20k per year. ICFC also provided funding to other environmental organizations, such as Rainforest Trust and Communities for Conservation.
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Results and Impact
In partnership with the Kayapó Indigenous people, ICFC protects over ten million hectares of the Brazilian Amazon rainforest. The charity estimates that its protected forests in the Amazon have contributed to around 110 megatonnes worth of avoided carbon dioxide emissions. In the Osa Peninsula in Costa Rica, ICFC’s local partners monitor 8,650 hectares of protected land. In F2019, its partners arrested 13 illegal gold miners in the region and planted over 20,000 new trees.
While Ci highlights these key results, they may not be a complete representation of International Conservation Fund of Canada’s results and impact.
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Finances
International Conservation Fund of Canada is a Large charity with donations of $6.2m in F2019, up 45% from F2018. Administrative costs are 6% of revenues (less investment income) and fundraising costs are 2% of donations. This means that total overhead spending is 8%. For every dollar donated to the charity, 92 cents go to the cause. This is within Ci’s reasonable range for overhead spending.
ICFC has $5.8m in total funding reserves, which results in a program cost coverage ratio of 115%. This means the charity can cover 14 months of annual program costs using its existing funding reserves.
This charity report is an update that has been sent to International Conservation Fund of Canada for review. Changes and edits may be forthcoming.
Updated on June 19, 2020 by Eric Zhao.
Financial Review
Fiscal year ending December
|
2019 | 2018 | 2017 |
|---|---|---|---|
| Administrative costs as % of revenues | 5.6% | 7.7% | 11.7% |
| Fundraising costs as % of donations | 2.0% | 0.3% | 0.4% |
| Total overhead spending | 7.5% | 7.9% | 12.1% |
| Program cost coverage (%) | 114.9% | 137.2% | 148.7% |
Summary Financial StatementsAll figures in $000s |
2019 | 2018 | 2017 |
|---|---|---|---|
| Donations | 6,222 | 4,289 | 2,995 |
| Investment income | 752 | (84) | 438 |
| Other income | (236) | 152 | (171) |
| Total revenues | 6,737 | 4,358 | 3,262 |
| Program costs - International | 5,038 | 3,464 | 2,906 |
| Administrative costs | 333 | 341 | 331 |
| Fundraising costs | 121 | 11 | 11 |
| Total spending | 5,492 | 3,815 | 3,248 |
| Cash flow from operations | 1,245 | 544 | 15 |
| Capital spending | 1 | 6 | 3 |
| Funding reserves | 5,791 | 4,751 | 4,320 |
Note: Gains (losses) on foreign currency exchange are reported as other income. Ci removed amortization associated with computer equipment from administrative costs.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
1 |
$80k - $120k |
1 |
$40k - $80k |
2 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2018
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Comments & Contact
Comments added by the Charity:
Charity Contact
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