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.
96%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 96 cents are available for programs.
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OVERVIEW
About International Conservation Fund of Canada:
International Conservation Fund of Canada is a 5-star charity with a good results reporting grade. It is financially transparent and has low overhead costs. The charity has $9.6m in funding reserves that can cover annual program costs for 1.6 years.
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 reports that nature is most at risk and conservation is least funded. International Conservation Fund of Canada works with local partners and Indigenous groups to protect vital land and species across Latin America, Asia, and Africa. In F2021, the charity spent $6.1m on conservation projects ($5.4m on projects in F2020). ICFC's headquarters are in Chester, Nova Scotia.
International Conservation Fund of Canada has projects in Latin America including Peru, Costa Rica, and Ecuador. In F2021, ICFC helped acquire a 40-hectare property within the Mache-Chindul reserve to be managed by its Ecuadorian partner Fundación para la Conservación de los Andes Tropicales. In Peru, data collected by ICFC from 120 camera traps installed at varying elevations identified 40 mammal species and 20 individual spectacled bears. From fecal samples, 16 species of plant important to the bear’s diet were identified.
ICFC’s work in Africa includes projects in Kenya, Mali, and Madagascar. In F2021, a total of 85,000 native tree seedlings were planted to reforest 42.5 hectares in Madagascar. The charity states that this work brought employment to more than a hundred people from surrounding communities. In Kenya, efforts have sparked the creation of the Southern Rift Valley Raptor Conservation Area of 270,000 hectares in F2021. More than 107,640 seedlings grown from local seed stock were also planted in Kenya.
ICFC also works in Asia and Oceania with projects located in Indonesia, Cambodia, and Nepal. In 2021, 62 people were selected for nursery management and plantation training in Nepal.
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Results and Impact
ICFC states that in F2021, a seven-hectare land parcel in Hattisar was restored and early results show a three-fold increase in bird densities. A fulvous whistling duck was spotted in the reserve for the first time in about 20 years. It also states that the hooded grebe in Patagonia is no longer declining toward extinction due to its work there. In Lake Malawi, a biodiversity hotspot with about 1,000 fish species is recovering and livelihoods are improving from ICFC's work.
While Ci highlights these key results, they may not be a complete representation of International Conservation Fund of Canada’s results.
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Finances
International Conservation Fund of Canada received $9.9m in donations in F2021. Administrative costs are 3% of revenues (less investment income) and fundraising costs are 1% of donations. This results in total overhead spending of 4%. For every dollar donated to the charity, 96 cents go to the cause. This is outside Ci’s reasonable range for overhead spending.
ICFC has $9.6m in total funding reserves which can cover annual program costs for 1.6 years.
Charity Intelligence has sent this update to International Conservation Fund of Canada for review. Changes and edits may be forthcoming.
Updated on August 19, 2022 by Emma Saganowich.
Financial Review
Fiscal year ending December
|
2021 | 2020 | 2019 |
|---|---|---|---|
| Administrative costs as % of revenues | 3.2% | 5.2% | 5.6% |
| Fundraising costs as % of donations | 1.2% | 2.2% | 2.0% |
| Total overhead spending | 4.3% | 7.4% | 7.5% |
| Program cost coverage (%) | 155.9% | 117.4% | 114.9% |
Summary Financial StatementsAll figures in $000s |
2021 | 2020 | 2019 |
|---|---|---|---|
| Donations | 9,909 | 6,322 | 6,222 |
| Investment income | 128 | 420 | 752 |
| Other income | (18) | (156) | (236) |
| Total revenues | 10,020 | 6,586 | 6,737 |
| Program costs - International | 6,134 | 5,389 | 5,038 |
| Administrative costs | 313 | 319 | 333 |
| Fundraising costs | 115 | 141 | 121 |
| Total spending | 6,562 | 5,849 | 5,492 |
| Cash flow from operations | 3,458 | 737 | 1,245 |
| Capital spending | 2 | 1 | 1 |
| Funding reserves | 9,565 | 6,325 | 5,791 |
Note: Ci reported gains (losses) on foreign currency exchange as other income. Ci excluded amortization from administrative costs.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
1 |
$80k - $120k |
2 |
$40k - $80k |
1 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2020
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Comments & Contact
Comments added by the Charity:
This decade is crucial for making gains to protect globally important tropical ecosystems and species. Inspired by the progress we’re making and by our wonderful field partners, ICFC is redoubling its efforts and encouraging Canadians to join us and enable us to do still more.
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 844-781-2129