CD Howe Institute
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.
B
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.
100%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 100 cents are available for programs.
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OVERVIEW
About CD Howe Institute:
CD Howe Institute is a 3-star charity with average results reporting. It is financially transparent but does not report overhead costs in its audited financial statements. With its current reserves the charity can cover one year and three months of annual program costs.
Founded in 1958, CD Howe Institute (CDHI) is an independent research institute and public policy think tank. CD Howe aims to raise living standards by creating stable economic public policies. The institute focuses on Fiscal, Monetary and Pensions Sustainability, Competition, Innovation and Business Growth, Health and Human Capital, and Energy, Trade, and Supply Chains. The charity does not provide a breakdown of its spending on its programs. CDHI has more than 300 experts and researchers who produce over 60 research reports every year.
In F2022, CDHI organized 40 policy events and produced 50 research and council reports. The reports covered a variety of topics including Fiscal and Tax Policy (10), Regulation, Competition and Growth (6), Financial Services and Regulation (6), Health Policy Research (6), Monetary Policy (5), Human Capital Policy (4) and others. The institute also gave 107 policy outreach presentations and held 27 policy meetings in F2022
In F2022, CDHI launched the Supply Chains Working Group, which is focused on making recommendations for a national supply chain strategy for Canada.
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Results and Impact
CD Howe Institute’s research was cited over 8,210 times in the Canadian and international media in F2022. It was cited over 9,600 times on social media. CD Howe's website received over 5,335,400 visits.
While Ci highlights these key results, they may not be a complete representation of CD Howe’s results and impact. This charity is not yet rated on impact (n/r).
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Finances
CD Howe Institute has donations and special events revenues of $7.2m in F2022. The charity did not separate administrative and fundraising costs from its program costs. As a result, Charity Intelligence included all costs into program costs in F2022. This means that CD Howe's reported overhead costs of 0% fall outside of Ci's reasonable range due to non-disclosure. F2021 and F2020 allocation of expenses come from the charity's T3010 filing with the CRA. The F2022 filing was not available at the time of this report.
CD Howe has $13.6m in reserve funds. These are the charity’s cash and investments. Of these reserve funds, $5.8m is donor endowed. Excluding donor-endowed funds, the charity could cover one year and four months of annual program costs with current reserves.
This charity report is an update that has been sent to CD Howe Institute for review. Changes and edits may be forthcoming.
Updated on August 17, 2023 by Alessandra Castino.
Financial Review
Fiscal year ending December
|
2022 | 2021 | 2020 |
|---|---|---|---|
| Fundraising & admin costs as % of revenues | 0.0% | 14.3% | 13.6% |
| Total overhead spending | 0.0% | 14.3% | 13.6% |
| Program cost coverage (%) | 131.4% | 162.4% | 122.1% |
Summary Financial StatementsAll figures in $000s |
2022 | 2021 | 2020 |
|---|---|---|---|
| Donations | 5,979 | 5,254 | 5,813 |
| Government funding | 0 | 920 | 1,242 |
| Fees for service | 7 | 7 | 10 |
| Special events | 1,245 | 599 | 238 |
| Investment income | (127) | 1,019 | 303 |
| Total revenues | 7,105 | 7,799 | 7,606 |
| Program costs | 6,752 | 4,961 | 4,746 |
| Fundraising & administrative costs | 0 | 968 | 995 |
| Other costs | 0 | 3 | 0 |
| Total spending | 6,752 | 5,932 | 5,741 |
| Cash flow from operations | 353 | 1,867 | 1,865 |
| Capital spending | 48 | 106 | 144 |
| Funding reserves | 13,611 | 13,378 | 11,222 |
Note: The charity does not disclose fundraising costs and administrative costs on its audited financial statements. As a result, in F2021 and F2020 Ci reported administrative and fundraising costs from the charity’s T3010 filings with the CRA and removed amortization from program costs to report as other expenses. The charity’s F2022 T3010 filing was not available at the time of this update. Ci reported investment income and unrealized gain from endowment funds affecting revenue by ($195k) in F2022, $956k in F2021, and $274k in F2020. Ci adjusted for deferred donations, affecting total revenues by $277k in F2022, ($646k) in F2021, and $628k in F2020. Ci has included endowment contributions in donations, increasing revenues by $nil in F2022, $nil in F2021, and $25k in F2020. Ci reported loss on disposal of capital assets in other costs.
Salary Information
$350k + |
2 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
1 |
$160k - $200k |
2 |
$120k - $160k |
4 |
$80k - $120k |
1 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2021
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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: 416-865-1904