Opportunity International Canada
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.
Good
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.
84%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 84 cents are available for programs.
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Programs
About Opportunity International Canada:
Founded in 1998, Opportunity International Canada (OIC), the Canadian support partner of the US-based Opportunity International, is a faith-based organization that serves individuals of all beliefs in developing countries. Its mission is to “empower people living in poverty to transform their lives, their children’s futures and their communities” by providing financial solutions and training. OIC supports local microfinance organizations, providing innovative financial solutions to empower people, create jobs and build communities.
Globally, Opportunity International's microfinance services include lending, savings, microinsurance and financial training. OIC offers financial products aimed at helping farmers, creating leaders, and empowering women. Its philanthropic efforts provide education to children and deliver technology to poverty-stricken communities.
In F2017, Opportunity International, globally, loaned $2.46 billion to 9.4 million people in 21 countries in Africa, Asia, Latin America and Eastern Europe. It served 5.9 million savings account clients with combined $285m in deposits. Opportunity International reports that 85% of the loans are made to women.
This is the most recent output data available. As of the date this report was updated, OIC had yet to publish its annual report for F2018.
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Results and Impact
Opportunity International Canada reports that it has a loan repayment rate of 99%. OIC has also calculated that every $1 invested creates $6 over five years.
Opportunity International Canada reports that in F2017, 2,000 people achieved long-term financial resiliency in Colombia, 7,000 jobs were created in Honduras and 50,000 jobs were created or sustained in Ghana, and 150,000 families got increased access to clean water pumps and toilets in India.
Charity Intelligence has given Opportunity International a Good impact rating based on demonstrated impact per dollar spent.
Impact Rating: Good

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Finances
Opportunity International Canada is a large charity, with donations of $8.3m in F2018. Administrative costs are 3% of revenues (excluding investment income), and fundraising costs are 13% of donations. For every dollar donated to the charity, 84 cents go towards its programs, which is within Ci’s reasonable range for overhead spending. The charity holds funding reserves of $5.7m, which can cover just under 10 months of annual programs.
Opportunity International used external fundraisers in F2018. The charity paid external fundraisers $36k to raise $218k, spending $0.16 per dollar raised.
Ci has consolidated the financial statements of the Opportunity International Canada Foundation with those of Opportunity International Canada. Opportunity International Canada’s year end is different than its foundation, so although there is inconsistency in the figures presented, Ci has tried to present them as accurately as possible.
This charity report is an update that has been sent to Opportunity International Canada for review. Changes and edits may be forthcoming.
Updated on August 13, 2019 by Caroline McKenna.
Financial Review
Fiscal year ending December
|
2018 | 2017 | 2016 |
---|---|---|---|
Administrative costs as % of revenues | 3.4% | 4.2% | 4.4% |
Fundraising costs as % of donations | 12.7% | 9.7% | 10.0% |
Total overhead spending | 16.1% | 13.9% | 14.4% |
Program cost coverage (%) | 80.1% | 88.9% | 15.8% |
Summary Financial StatementsAll figures in $000s |
2018 | 2017 | 2016 |
---|---|---|---|
Donations | 8,293 | 8,924 | 8,474 |
Investment income | 59 | 36 | 61 |
Other income | 10 | 17 | 0 |
Total revenues | 8,362 | 8,977 | 8,534 |
Program costs - International | 5,632 | 4,929 | 6,488 |
Program costs - Canada | 1,523 | 688 | 606 |
Administrative costs | 280 | 379 | 372 |
Fundraising costs | 1,054 | 861 | 844 |
Other costs | (49) | 1,129 | 855 |
Total spending | 8,439 | 7,986 | 9,165 |
Cash flow from operations | (77) | 991 | (630) |
Funding reserves | 5,732 | 4,996 | 5,700 |
Note: Ci has consolidated the audited financial statements for Opportunity International Canada and Opportunity International Canada Foundation. Ci has adjusted OIC Foundation’s donations to OIC, as well as OIC Foundation’s donations from OIC, affecting revenues by ($650k) in F2018, ($1.1m) in F2017, and ($845k) in F2016.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
3 |
$80k - $120k |
2 |
$40k - $80k |
2 |
< $40k |
1 |
Information from most recent CRA Charities Directorate filings for F2018
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Comments & Contact
Comments added by the Charity:
Charity Contact
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