Our financials

Assuring our donors that their contributions create maximum impact

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

2021 Financial Summary

2021 financial statement

total value of grocery gift cards distributed to families in need

grocery gift cards

empowered families in need in 77 communities

children reached that are living with food insecurity

%

of agency partners provided grocery gift cards to families with an adult or child who experience a mental health condition

%

of agency partners offered grocery gift cards to families who experience domestic violence

Donors can be confident that funds entrusted to I Can for Kids will impact thousands of young lives every year. In 2021, our annual cost to raise a dollar was $0.08, our administrative expenses were exceptionally low at 6%, and 86% 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 $196,911 20%
Donations & Sponsorships $595,278 61%
Grants $188,564 19%
Total $980,753 100%

 

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 rent, grocery gift cards, supplies, marketing, and advertising to the value of $196,911 in 2021.

Expense Ratio per CRA Guidelines
Fundraising $ 85,700 8%
Program $ 887,244 86%
Administration $ 62,902 6%
Total $1,035,846 100%

 

I Can for Kids Foundation is a registered charitable organization in good standing with Canada Revenue Agency (Registration #788073294RR0001). In 2022, we expect to raise $1,200,000 in charitable donations, and we estimate 85% of gross contributions will directly benefit our grocery gift card program. The cost to raise a dollar for our annual fundraising campaigns is exceptionally low at $0.09. We invest proceeds where needed most unless otherwise designated by the donor. We issue a tax receipt for all qualified donations.

Our innovative work will feed more kids and help make an impact on food insecurity.

None of that can happen without donors like you.