Institute for Advancements in Mental Health

95 King Street East, Suite 300
Toronto, ON M5C 1G4
CEO: Mary Alberti
Board President: Aamir Mian

Charitable Reg. #:12990 4058 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

[Charity Rating: 3/5]

✔+

FINANCIAL TRANSPARENCY

Audited financial statements for current and previous years available on the charity’s website.

C+

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.

59%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 59 cents are available for programs.



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OVERVIEW

About Institute for Advancements in Mental Health:

Institute for Advancements in Mental Health is a 3-star charity that is financially transparent and has a below average results reporting grade. The charity's overhead costs are high and are outside Ci's reasonable range for overhead spending. Its funding reserves can cover program costs for under 11 months. 

Founded in 1979, Institute for Advancements in Mental Health (IAM) aims to support people living with mental illness and create innovative solutions for mental health. Formerly known as Schizophrenia Society of Ontario, the charity rebranded to support anyone in society impacted by mental health issues. Institute for Advancements in Mental Health funds in-house patient services, resources, and research projects to improve mental health. IAM’s main office is in Toronto. 

Institute for Advancements in Mental Health offers various programs to support patients and train caregivers. IAM offers Ask Expert, a service that assists people living with schizophrenia through online, over the phone, or in person services. The charity also runs a Cognitive Behavioural Therapy for Psychosis (CBT-p) program to help reduce symptoms of schizophrenia and other conditions. The program includes not only individual therapy, but also workshops for caregivers and family members to increase their ability to support loved ones. In F2021, IAM reached 3,842 people through its support line and educational presentations/groups and community events. 

IAM states that it operates Canada’s first independent mental health Innovation Platform. The platform brings together innovators and people living with mental illness to build new services and solutions to mental health challenges. IAM works with many community partners in the mental health space. At the time of writing this report, the charity has three active innovation projects. These are: supporting individuals with their physician appointments, a mental health prize challenge to help prevent youth suicide, and CBT & RIA (Recovery in Action) evaluations.  

IAM runs advocacy programs to push for mental health policy reform. It advocates for more mental health services, research funding, and caregiver support. The charity states that in F2021, its new website saw over 57,000 page views. In F2021, over 30 Canadian influencers shared their IAM message.  

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Results and Impact

Institute for Advancements in Mental Health offers funding to students living with mental illness. In F2021, IAM reports that it gave $37,500 in scholarships to help 25 students living with or impacted by mental health to pursue education goals. This amounts to $1,500 in funding per student. 

While Ci highlights these key results, they may not be a complete representation of Institute for Advancements in Mental Health’s results and impact. 

 

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Finances

Institute for Advancements in Mental Health received $1.3m in donations and special events revenue in F2021. It also received $886k in government funding, representing 38% of total revenues. Administrative costs are 14% of revenues (less investment income) and fundraising costs are 27% of donations and special events revenue. This results in total overhead spending of 41%. For every dollar donated to the charity, 59 cents go to the cause. This falls outside of Ci’s reasonable range for overhead spending, which has been the case for the past three years. 

IAM has $1.0m in total funding reserves. Using its existing reserves, the charity can cover just under 11 months of annual program costs. 

In F2021, IAM paid external fundraisers $91k to raise $174k, for a cost of $0.52 per dollar raised. 

This charity report is an update that has been sent to Institute for Advancements in Mental Health for review. Changes and edits may be forthcoming. 

Updated on July 11, 2022 by Emma Saganowich.  

Financial Review


Financial Ratios

Fiscal year ending March
202120202019
Administrative costs as % of revenues 14.1%27.3%19.6%
Fundraising costs as % of donations 26.6%34.6%25.6%
Total overhead spending 40.7%61.9%45.2%
Program cost coverage (%) 90.2%32.7%70.4%

Summary Financial Statements

All figures in $s
202120202019
Donations 1,258,497846,4561,393,890
Government funding 886,384571,491712,210
Fees for service 65,25029,73658,818
Lotteries (net) 65,348100,56278,201
Special events 44,805149,744177,035
Investment income 8,41615,09215,952
Other income 6238543,031
Total revenues 2,329,3231,713,9352,439,137
Program costs 1,114,9851,464,0171,404,636
Administrative costs 327,294464,541475,787
Fundraising costs 346,315344,321402,385
Total spending 1,788,5952,272,8792,282,809
Cash flow from operations 540,728(558,944)156,328
Capital spending 0010,606
Funding reserves 1,005,187479,014988,310

Note: Ci reported lottery revenues, which included Nevada and bingo events, net of lottery expenses. This affected total revenues and expenses by ($79k) in F2021, ($109k) in F2020, and ($109k) in F2019. Ci removed amortization on a pro-rata basis from program, administrative, and fundraising costs. 

Salary Information

Full-time staff: 18

Avg. compensation: $55,918

Top 10 staff salary range:

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
0
$120k - $160k
1
$80k - $120k
1
$40k - $80k
8
< $40k
0

Information from most recent CRA Charities Directorate filings for F2021

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Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

Website: www.iamentalhealth.ca
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 416-449-6830

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Charitable Registration Number: 80340 7956 RR0001