Aga Khan Foundation Canada
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
B+
RESULTS REPORTING
Grade based on the charity's public reporting of the work it does and the results it achieves.
Average
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.
95%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 95 cents are available for programs.
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OVERVIEW
About Aga Khan Foundation Canada:
Aga Khan Foundation Canada is a 3-star charity that is not financially transparent. It has an above-average results reporting grade of B+ and reasonable overhead spending of 5%. The charity has been rated Average for demonstrated impact per dollar spent.
Founded in 1980, Aga Khan Foundation Canada (AKFC) is the Canadian agency of the Aga Khan Development Network (AKDN). AKDN is a group of international aid charities, which operate globally. AKFC was founded by His Highness the Aga Khan. The charity’s mission is to improve quality of life and reduce poverty for people in Africa, Asia, and the Middle East. It states that globally, over 3.5 billion people live on less than $2.50 a day.
AKFC reports that its current programs reach more than four million people. This includes work in the areas of agriculture and food security, civic engagement, climate resilience, early childhood development, education, engaging Canadians, gender equality and sexual violence, health and nutrition, and work and enterprise.
AKFC breaks down its overseas and Canadian program spending into four main areas in its audited financial statements. It reports spending $64.5m (64%) on Multi-input programs, $17.8m (18%) on Health programs, $15.0m (15%) on Education programs, and $3.0m (3%) on Canadian programs.
AKFC reports on its programs in program reports for the time period of April 2024 to March 2025. Examples are listed below.
As part of its BEST4WEER program, the charity provided technical assistance and advisory services to 113 small businesses. It also gave 133 grants ($175k) to local organizations. As part of its SPARC program, the charity provided 40 health facilities with equipment and supplies. It also conducted 14,521 sexual educational home visits and held 298 mobile monthly clinics and quarterly health fairs. As part of its IDEA program, 32 youths (ages 12-18) were trained on international development concepts at its national leadership camps.
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Results and Impact
Aga Khan Foundation Canada reports on its outcomes in its progress updates by program for the time period of April 2024 to March 2025. Examples are listed below.
F4EE: 89% of Canadians state that their knowledge of international development issues increased following a public engagement activity.
F4HE: The percentage of Early Childhood Development Centres in the program meeting minimum quality and secure learning environment standards in Afghanistan rose from 40% to 100% after four years of the project. In Pakistan it rose from 81% to 97% after four years.
BEST4WEER: 51% of people who completed a BEST4WEER training program reported improved employment status.
While Ci highlights these key results, they may not completely represent Aga Khan Foundation Canada's results and impact.
Charity Intelligence has given AKFC an Average impact rating based on demonstrated impact per dollar spent.
Impact Rating: Average
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Finances
Aga Khan Foundation Canada’s audited financial statements follow activity-item costing, a best practice. The statements list program and administrative spending separately. However, it does not separate fundraising spending from these two categories.
AKFC is not financially transparent. Rather than posting its audited financial statements on its website, AKFC requires donors to contact it directly to receive this public information. Of Canada's 100 largest charities, AKFC is one of seven that are not financially transparent.
In 2024 AKFC received $72.7m in donations, a 42% increase from 2024 ($51.1m). It also received $35.8m in government funding. Government funding is 27% of total revenue.
Administrative costs are 2% of revenues (excluding investment income). Fundraising costs are 3% of donations. This results in total overhead spending of 5%. For every dollar donated, 95 cents are available to go to the cause. This falls within Ci’s reasonable range for overhead spending.
AKFC spent $100.3m on its programs and grants in 2024, which is 76% of its revenue. In F2024 it had a surplus of $27.7m, which is 21% of its revenue.
Aga Khan Foundation Canada has $125.7m in reserve funds (cash and investments). The reserves can cover 125%, or one year and three months of program costs.
This charity report is an update that has been sent for review to Aga Khan Foundation Canada. Changes and edits may be forthcoming.
Updated on July 7, 2025, by Grady Simpson.
Financial Review
Fiscal year ending December
|
2024 | 2023 | 2022 |
|---|---|---|---|
| Administrative costs as % of revenues | 1.9% | 2.4% | 2.1% |
| Fundraising costs as % of donations | 3.2% | 4.6% | 4.1% |
| Total overhead spending | 5.1% | 7.0% | 6.2% |
| Program cost coverage (%) | 125.4% | 130.7% | 149.1% |
Summary Financial StatementsAll figures in $000s |
2024 | 2023 | 2022 |
|---|---|---|---|
| Donations | 72,660 | 51,138 | 52,658 |
| Goods in kind | 5,360 | 5,293 | 5,900 |
| Government funding | 35,799 | 28,470 | 24,878 |
| Investment income | 5,167 | 4,359 | 2,131 |
| Other income | 12,542 | (1,283) | 6,856 |
| Total revenues | 131,527 | 87,977 | 92,422 |
| Program costs - International | 43,851 | 36,710 | 32,614 |
| Program costs - Canada | 3,014 | 2,307 | 1,542 |
| Grants | 53,387 | 50,272 | 47,025 |
| Administrative costs | 2,332 | 2,033 | 1,872 |
| Fundraising costs | 2,339 | 2,346 | 2,159 |
| Other costs | (1,060) | (209) | 4,393 |
| Total spending | 103,864 | 93,459 | 89,604 |
| Cash flow from operations | 27,663 | (5,482) | 2,818 |
| Capital spending | 8,996 | 6,799 | 4,360 |
| Funding reserves | 125,667 | 116,733 | 121,022 |
Note: Deferred adjustment: AKFC uses deferred accounting. To show donors information on a consistent basis, Ci adjusted for these deferred revenues. This affected revenue by $535k in 2024, ($6.5m) in 2023, and ($1.6m) in 2022. Change in donations receivable: Ci adjusted for change in donations receivable. This affected revenues by ($134k) in 2024, ($753k) in 2023, and $990k in 2022. Deferred capital contributions: Ci did not include recognition of deferred capital contributions. This affected revenue by ($165k) in 2024, ($105k) in 2023, and ($53k) in 2022. Goods in kind: Ci included buildings and land received as goods in kind and removed this amount from donations. Change in payables on program activities: Ci adjusted for change in payables on program activities. This affected expenses by ($305k) in 2024, $2.4m in 2023, and ($2.2m) in 2022. Change in program advances to partners: Ci adjusted for change in program advances to partners. This affected expenses by ($754k) in 2024, ($2.6m) in 2023, and $6.6m in 2022.
Salary Information
$350k + |
3 |
$300k - $350k |
1 |
$250k - $300k |
2 |
$200k - $250k |
1 |
$160k - $200k |
2 |
$120k - $160k |
1 |
$80k - $120k |
0 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2024
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Comments & Contact
Comments added by the Charity:
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it.
Charity email: akfc.info@akdn.org
Tel: 613-237-2532