Our financials

Assuring our donors that their contributions create maximum impact

We are committed to the highest level of financial transparency and accountability.

2022 Financial Summary

2022 financial statement

in grocery gift card value was targeted to households in greatest need

kids received support, including 3,082 Ukrainian children who fled the war

communities in Calgary and surrounding area accessed our program

%

of our recipients are visible minorities and 25% are Indigenous peoples

%

of families have a child with a mental health struggle

%

of our recipients live in unstable housing or shelters

Donors can be confident that funds entrusted to I Can for Kids will impact thousands of young lives every year. In 2022, our annual cost to raise a dollar was $0.05, our administrative expenses were exceptionally low at 11%, and 82% of contributions directly supported our grocery gift card program.

When you give your most generous donation today, you empower food-insecure families in Calgary to choose the healthy food they need with dignity and confidence. Thank you!

Revenue

Revenue
Gifts-in-Kind $79,467 5%
Donations $1,307,696 92%
Grants $40,000 3%
Total $1,427,163 100%

 

Expense Ratio per CRA Guidelines

To ensure transparency and consistency in reporting, I Can for Kids calculates expense ratios in accordance with Canada Revenue Agency (CRA) T3010 formulas which does not include gifts from other charities or government grants.

CRA does include gifts-in-kind in calculating totals. I Can for Kids received gifts-in-kind of grocery gift cards, auction items, and advertising to the value of $79,467 in 2022.

 

Expense Ratio per CRA Guidelines
Fundraising $65,468 7%
Program $801,993 82%
Administration $109,578 11%
Total $977,039 100%

 

I Can for Kids Foundation is a registered charitable organization in good standing with Canada Revenue Agency (Registration #788073294RR0001). In 2023, we expect to raise $1,715,000 in charitable cash and gift-in-kind donations, estimating 80% of gross contributions directly benefiting our grocery gift card program. Our cost to raise a dollar for our annual fundraising campaigns is estimated at $0.10. We invest proceeds where needed most unless otherwise designated by the donor. A tax receipt is issued for all qualified donations in accordance with CRA regulations.

Our innovative approach empowers families to plan, purchase, and provide the healthy foods that meet their kids’ unique needs. 

None of that can happen without donors like you.