Spirit North
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.
87%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 87 cents are available for programs.
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OVERVIEW
About Spirit North:
Spirit North is a 4-star charity with an above-average results reporting score. Its overhead costs are within Ci’s reasonable range, and it has reserve funds to cover program costs for a year and a half.
Founded in 2017, Spirit North aims to use sport and activity to improve the health and well-being of Indigenous youth. The charity offers activities such as cross-country skiing, mountain biking, cross-country running, canoeing, land-based activities and games, and multi-community activity days. In F2022, Spirit North’s programs included 14 unique sports and activities. The charity is based in Canmore, Alberta and runs programs across Canada.
In F2022, Spirit North ran 907 in-school programs in 76 schools. It had 1,174 after-school program days. In F2022, the charity had 5,489 unique participants in its programs, more than double the number of participants in F2021 (2,700 unique participants).
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Results and Impact
Spirit North reports that 89% of participants in its programs reached or exceeded 60 minutes of physical activity per day. 96% indicate improved joy, overall wellness, and willingness to try. 94% show better student-to-student relationships, and 83% show better student-teacher relationships. 93% of participants show improved overall classroom focus and performance. Also, 87% of participants improved their classroom participation.
While Charity Intelligence highlights these key results, they may not be a complete representation of Spirit North’s results and impact.
This charity is not yet rated on impact (n/r).
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Finances
Spirit North received $3.1m in donations in F2022. It received $150k in international donations in F2022 and F2021. It received $281k in government funding in F2022 ($394k in F2021 and $521k in F2020).
Administrative costs are 11% of revenues (less investment income), and fundraising costs are 2% of donations. This results in total overhead spending of 13%. For every dollar donated, 87 cents go to the cause. This is within Ci’s reasonable range for overhead spending.
Spirit North has reserve funds of $3.1m. The charity can cover one year and seven months of annual program costs with its existing reserves.
This charity report is an update that has been sent to Spirit North for review. Changes and edits may be forthcoming.
Updated on May 30, 2023 by Kiara Andrade.
Financial Review
Fiscal year ending June
|
2022 | 2021 | 2020 |
|---|---|---|---|
| Administrative costs as % of revenues | 10.6% | 7.5% | 14.5% |
| Fundraising costs as % of donations | 2.4% | 5.7% | 12.0% |
| Total overhead spending | 13.1% | 13.2% | 26.6% |
| Program cost coverage (%) | 159.3% | 252.7% | 74.8% |
Summary Financial StatementsAll figures in $s |
2022 | 2021 | 2020 |
|---|---|---|---|
| Donations | 3,127,171 | 2,128,770 | 1,016,650 |
| International donations | 150,000 | 150,000 | 0 |
| Goods in kind | 0 | 0 | 16,956 |
| Government funding | 34,216 | 641,251 | 173,950 |
| Investment income | (60,418) | 0 | 0 |
| Other income | 10,940 | 59,613 | 63,359 |
| Total revenues | 3,261,909 | 2,979,634 | 1,270,915 |
| Program costs | 1,927,732 | 993,003 | 1,063,762 |
| Administrative costs | 352,762 | 222,407 | 184,818 |
| Fundraising costs | 76,314 | 121,669 | 122,270 |
| Total spending | 2,356,808 | 1,337,079 | 1,370,850 |
| Cash flow from operations | 905,101 | 1,642,555 | (99,935) |
| Capital spending | 55,868 | 27,218 | 7,697 |
| Funding reserves | 3,071,603 | 2,509,318 | 795,796 |
Note: To report on a cash basis, Ci adjusted for deferred donations, affecting revenues by $119k in F2022, $118k in F2021 and $6k in F2020. Ci adjusted for deferred government funding, affecting revenues by ($247k) in F2022, $247k in F2021, and ($347k) in F2020. Ci included amortization of capital assets in donations according to the audited financial statements. Ci adjusted for deferred capital contributions, affecting revenues by ($12k) in F2022, $17k in F2021 and ($4k) in F2020. Ci reported international donations from the charity’s T3010 filings with the CRA and removed the amounts from Canadian donations. Ci reported program costs and administration costs from the charity’s T3010. Ci reported fundraising costs from the audited financial statements and reconciled the difference between the numbers reported on the audited financials and the T3010 in program costs. Ci removed loss from investments from expenses and included it in revenues and removed loss from assets from expenses and included it in capital expenditure. Ci reported goods in kind in F2020 from the charity’s T3010 filings.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
1 |
$120k - $160k |
0 |
$80k - $120k |
1 |
$40k - $80k |
4 |
< $40k |
3 |
Information from most recent CRA Charities Directorate filings for F2022
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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. Tel: 403-675-1211