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 work will feed more kids and help make an impact on food insecurity.
None of that can happen without donors like you.