Indspire
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.
High
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.
75%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 75 cents are available for programs.
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OVERVIEW
About Indspire:
Indspire is a 5-star charity. It has above average disclosure with an A results reporting grade. It holds reserves within Ci’s reasonable range. For every dollar donated to Indspire, 75 cents are available to go to the cause.
A Charity Intelligence 2025 Top 100 Rated Charity.
A Charity Intelligence 2025 Top Canadian Impact Charity.
Founded in 1985, Indspire supports the education of First Nations, Inuit, and Métis students and educators across Canada. Headquartered in Ohsweken, Ontario, the charity provides financial awards, programming, and resources to Indigenous learners in remote, rural, and urban communities. Its goal is to raise graduation rates from kindergarten through post-secondary education. Since 1996, Indspire has provided over $313m in financial support through more than 93,000 bursaries, scholarships and awards to Indigenous students.
The charity reports that 69% of Indigenous people in Canada have completed high school or higher, compared with 87% of non-Indigenous people. On-reserve, only 4 in 10 Indigenous youths graduate from grade 12, versus 9 in 10 non-Indigenous youths. Indspire estimates that closing the education attainment gap between Indigenous and non-Indigenous people by 2026 would add $3.5 billion in tax revenue and over $400 billion to Canada's GDP.
Indspire runs four main programs: Education, Student Success, Indspire Awards and the Soaring Youth Career Conference. In the fiscal year ending March 2025 (F2025), Indspire spent $9.5m on its programs and distributed $31.7m in grants (awards and scholarships to students).
Education is Indspire's largest program, accounting for 79% of total program and grant spending. Its core initiative, Building Brighter Futures: Bursaries & Scholarships (BBF), grants bursaries and scholarships to Indigenous students who need financial help for post-secondary education. In F2025, BBF distributed 8,833 awards totalling $31,683,031, for an average award value of $3,587. The three most popular fields of study among recipients were health (18%), business (10%), and education (10%). BBF is Canada’s largest scholarship program for Indigenous students after the Government.
Student Success accounted for 11% of program and grant spending in F2025. Its main initiative, Rivers to Success (R2S), supports Indigenous students already in post-secondary through mentorship, wellness workshops, and career programming. In F2025, R2S hosted 18 virtual events across three workshop series, drawing over 3,500 registrations. It also supported two summer cultural and language camps.
Indspire Awards accounted for 6% of program and grant spending in F2025. The Awards celebrate Indigenous excellence across sectors including arts, business, education, health, law, and public service. In F2025, 12 Laureates were honoured, including three Youth Laureates and a posthumous Lifetime Achievement Award.
The Soaring Youth Career Conference accounted for 4% of program and grant spending in F2025. Soaring introduces First Nations, Inuit, and Métis high school students to post-secondary and career options. In F2025, 1,521 students and chaperones attended. Programming included 30 in-person and 12 virtual workshops, plus a tradeshow with 94 booths.
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Results and Impact
Indspire's BBF program surveyed its F2025 bursary recipients between May and June 2025. Of 8,823 recipients invited, 3,368 responded, a 38% response rate.
99% of respondents said BBF funding improved their ability to focus on their studies. 95% said it improved their ability to complete their program. Between 89% and 97% reported more time with family, friends, and community, and a greater sense of belonging.
96% of respondents had either completed their program or were actively working toward completion. 2% switched programs, 1% deferred, and fewer than 1% withdrew. 48% of respondents held an "A" average and 40% held a "B" average. 10% reported a "C" average or lower.
Among the 653 respondents who had completed their studies, 36% were employed or had a job lined up, and 24% planned to apply for jobs. 37% had enrolled or planned to enrol in further education. Of those employed, 81% found work immediately after graduation. 94% held jobs related to their field of study. 88% said their work had a positive impact on Indigenous communities.
Employment among graduates fell from 47% last year to 36% this year, though those who found jobs did so faster (81% immediately, up from 71%). Respondents' ability to cover rent, food, and transportation rose by 2 to 6 percentage points. Confidence in managing finances rose by 3 percentage points.
While Ci highlights these key results, they may not be a complete representation of Indspire’s results and impact. Charity Intelligence has rated Indspire as High impact based on its demonstrated impact per dollar spent.
Read our report on Indspire's impact to learn about its return on investment and how we calculated it. Charity Intelligence estimates Indspire creates $5 of social value for every dollar spent.
Learn more about Indspire through its 2023-2024 Annual Report.
A Charity Intelligence 2025 Top Canadian Impact Charity.
A Charity Intelligence 2025 Top 10 Impact: Canadian Youth Charities.
Impact Rating: High
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Finances
In F2025, Indspire earned $51.2m in revenue. It received $25.0m in donations (49% of total revenue), $20.3m in government funding (40% of total revenue), and $4.6m in investment income (9% of total revenue).
Administrative costs are 9% of revenues (less investment income). Fundraising costs are 16% of donations. Total overhead is 25%. For every dollar donated to Indspire, 75 cents are available for programs. This is within Ci's reasonable range.
Indspire's audited financial statements don't disclose fundraising or administrative costs. Donors need this information for full transparency. Ci calculated fundraising and administrative costs from Indspire’s T3010 filing with the CRA.
In F2025, Indspire spent $9.5m on programs (19% of total revenue) and distributed $31.7m in grants (62% of total revenue). It recorded a $1.8m surplus and spent $495k on capital projects.
In F2025, Indspire had reserve funds of $57.8m, which means the charity can cover roughly one year and five months of annual program costs.
This charity update has been sent to Indspire for review. Changes and edits may be forthcoming. Updated by Nick Reszetnik on July 7, 2026.
Financial Review
Fiscal year ending March
|
2025 | 2024 | 2023 |
|---|---|---|---|
| Administrative costs as % of revenues | 9.2% | 8.4% | 7.1% |
| Fundraising costs as % of donations | 15.6% | 10.7% | 12.0% |
| Total overhead spending | 24.8% | 19.1% | 19.1% |
| Program cost coverage (%) | 140.5% | 138.2% | 129.2% |
Summary Financial StatementsAll figures in $000s |
2025 | 2024 | 2023 |
|---|---|---|---|
| Donations | 24,951 | 29,100 | 23,677 |
| Goods in kind | 495 | 466 | 316 |
| Government funding | 20,309 | 18,816 | 18,380 |
| Business activities (net) | 200 | 350 | 450 |
| Investment income | 4,646 | 7,368 | 505 |
| Other income | 549 | 215 | 725 |
| Total revenues | 51,150 | 56,316 | 44,053 |
| Program costs | 9,474 | 8,352 | 6,644 |
| Grants | 31,683 | 30,900 | 27,549 |
| Administrative costs | 4,264 | 4,122 | 3,072 |
| Fundraising costs | 3,890 | 3,105 | 2,844 |
| Total spending | 49,310 | 46,479 | 40,110 |
| Cash flow from operations | 1,840 | 9,837 | 3,943 |
| Capital spending | 495 | 661 | 472 |
| Funding reserves | 57,821 | 54,261 | 44,169 |
Note: 1. RESTRICTED FUND: Ci adjusted for restricted fund donations and investment income. This affected total revenues by $6.0m in F2025, $2.2m in F2024, and $1.2m in F2023. Ci also included unrealized gains (losses) on investments from the restricted fund. This affected total revenue by ($1.1m) in F2025, $5.1m in F2024, and ($356k) in F2023. 2. UNREALIZED GAIN (LOSS): Ci included unrealized gains (loss) on investments, affecting revenues by $49k in F2025, $397k in F2024, and ($25k) in F2023. 3. DEFERRED CONTRIBUTIONS: Ci adjusted for deferred donations and deferred government funding. This affected total revenues by ($3.2m) in F2025, $2.1m in F2024, and $500k in F2023.
Salary Information
$350k + |
1 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
1 |
$160k - $200k |
3 |
$120k - $160k |
5 |
$80k - $120k |
0 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2025




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Comments & Contact
Comments added by the Charity:
For inquiries please contact:
Kate Espina, Vice President, Development
Direct: 416-987-0262
1-855-INDSPIRE (463-7747) X 0245
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 1-888-948-6153