50 Generations Drive, Box 5, Suite 100
Ohsweken, ON N0A 1M0
President & CEO: Roberta Jamieson
Board Chair: David Tuccaro

Charitable Reg. #:11883 4696 RR0001

STAR RATING

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

[Charity Rating: 4/4]

✔+

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.

77%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 77 cents are available for programs.



My anchor

Programs

About Indspire:

Founded in 1985, Indspire helps Indigenous students in Canada complete their post-secondary education by providing bursaries and scholarships. Indigenous people are under-represented in post-secondary education, with only 10% of Indigenous students completing university degrees compared to 27% of other Canadian students. Lack of funding is the most significant barrier to completing post-secondary education for Indigenous people. The Centre for the Study of Living Standards estimates that greater achievement in higher education for Indigenous peoples would increase their annual income by $11,236 by 2031 and that closing the education gap for Indigenous students in Canada would cumulatively increase Canadian GDP by $261 Billion by 2031. The charity’s head office is in Ohsweken, Ontario.

A Charity Intelligence 2019 Top 10 Canadian Impact Charity

Building Brighter Futures (BBF) is Indspire’s largest program, representing 71% of program costs in F2019. Through BBF, Indspire grants bursaries, scholarships and awards to Indigenous students who need financial aid to complete their post-secondary education. BBF funded 5,553 students in F2019, up 12% from F2018, disbursing more than $16 million. Building Brighter Futures represents the largest scholarship and bursary program for Indigenous students in Canada aside from the Government of Canada. The three most popular areas of study for students receiving funding were STEM (science, technology, engineering, and math), business, and social science and humanities. 

Indspire Awards represented 14% of program costs in F2019. In F2019, The 2019 Indspire Awards ceremony was held at the Southern Alberta Jubilee Auditorium in Calgary and was broadcast on CBC and APTN. 12 awards were presented to First Nations, Inuit and Metis individuals who were a source of inspiration for Indigenous youth.

The K-12 Indspire Institute represented 11% of program costs in F2019 and connects educators with programs, resources and tools to improve the educational outcomes of Indigenous students. There are more than 1,000 educational tools online for teachers, students and parents of the Indigenous community. In F2019, the Institute supported 1,541 people.   

Soaring is Indspire's Indigenous Youth Career Conference program, which educates high school students about possible career and post-secondary education options. The conferences made up 4% of program costs in F2019 and hosted 762 high school students and their chaperones. 

My anchor

Results and Impact

The charity reports that 90% of students who were supported by Indspire’s BBF program graduated, over 50% of these grads will pursue an additional degree or diploma, and about 42% have obtained employment.

According to a 2020 Indspire report on the BBF program, nearly 60% of grant recipients hold a bachelor’s degree or above and more than 17% hold a non-university certificate or diploma.

Charity Intelligence scores Indspire as Good Impact based on its demonstrated impact per dollar spent.

A Charity Intelligence 2019 Top 10 Canadian Impact Charity

Impact Rating: Good

My anchor

Finances

Indspire is a Large charity, receiving $11.8 million in donations in F2019. The charity also received $13.8m in government funding (49% of revenues). Administrative costs are 9% of revenues and fundraising costs are 14% of donations. For every dollar donated, 77 cents go to the cause. This is within Ci’s reasonable range for overhead spending. The charity holds $32.3m in funding reserves, of which $27.1m is donor-endowed. Excluding donor-endowed funds, Indspire can cover 2.9 months of annual program costs.

This charity report is an update that has been sent to Indspire for review. Changes and edits may be forthcoming.

Updated on August 26, 2020 by Tenzin Shomar.

Financial Review


Financial Ratios

Fiscal year ending March
201920182017
Administrative costs as % of revenues 9.3%9.5%10.4%
Fundraising costs as % of donations 13.6%13.2%13.9%
Total overhead spending 22.9%22.7%24.3%
Program cost coverage (%) 24.1%21.9%22.8%

Summary Financial Statements

All figures in $000s
201920182017
Donations 11,8479,4558,210
Goods in kind 221172329
Government funding 13,78414,52111,968
Business activities (net) 600600525
Investment income 1,3628882,796
Other income 431316160
Total revenues 28,24525,95223,987
Program costs 6,4596,6446,361
Grants 16,33114,24811,563
Administrative costs 2,5022,3692,205
Fundraising costs 1,6051,2501,138
Total spending 26,89624,51021,267
Cash flow from operations 1,3481,4422,720
Capital spending 000
Funding reserves 32,28130,60629,164

Note: Ci has reported investment income and donations in the restricted fund, as well as unrealized losses from the restricted and operating funds, affecting total revenues by $1.8m in F2019, $1.5m in F2018, and $2.8m in F2017. Ci gathered program, administrative and fundraising figures from the charity’s T3010A CRA filings for all three years of analysis. Ci backed out awards and scholarships of $16.3m in F2019, $14.2m in F2018, $11.6m in F2017 and included these figures in grants. Amortization was backed out of program, administrative and fundraising costs on a pro rata basis.  

Salary Information

Full-time staff: 40

Avg. Compensation: $91,367

Top 10 staff salary range:

$350k +
0
$300k - $350k
1
$250k - $300k
1
$200k - $250k
0
$160k - $200k
2
$120k - $160k
2
$80k - $120k
4
$40k - $80k
0
< $40k
0

Information from most recent CRA Charities Directorate filings for F2019

My anchor

Comments & Contact

Comments added by the Charity:

No comments have been added by charity

Charity Contact

Website: www.indspire.ca
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 1-855-463-7747

Print