Junior Achievement of 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.
Fair
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.
85%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 85 cents are available for programs.
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OVERVIEW
About Junior Achievement of Canada:
Junior Achievement of Canada is a 3-star charity. It has an A- results reporting score, which is above average, and Fair impact. Its overhead spending is within Ci’s reasonable range and it has reserve funds to cover program costs for eight months.
Founded in 1955, Junior Achievement of Canada (JA Canada) aims to inspire and prepare youth to succeed in a global economy. The charity’s national office is in Toronto. JA Canada’s programs provide experiences in financial health, work readiness, and entrepreneurship. Programs are for students in elementary school, middle school, and high school. JA Canada also provides awards and scholarships for students.
In F2023, Junior Achievement of Canada reported 340,845 student experiences and 2,224,815 student learning hours. JA Canada programs operated in 3,281 unique schools and 9,016 classrooms. JA Canada also provided 34,961 digital experiences through the JA Campus program. JA Campus offers over 40 free online programs for students in grades 3-12. JA Canada also gives scholarships and awards to students.
Junior Achievement of Canada has 14 local offices across Canada. JA Canada reported that over 270,000 students across Canada participated in a JA program last year.
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Results and Impact
In 2011, the Boston Consulting Group (BCG) conducted a year-long study to measure the value of JA Canada’s programs. BCG found that for every $1 spent, JA Canada’s programs generated an annual return of $45 toward societal prosperity in Canada. It also found that JA Canada’s programs had a direct impact of $105m on Canada’s economy each year. BCG concluded that self-identified “Achievers” (survey respondents who had participated in JA Canada programs) were three times more likely to hold senior and middle management positions in their respective organizations. Achievers were also 50% more likely to open their own businesses. BCG found that JA Canada Alumni launch 6,500 companies a year, which is 50% higher than the Canadian average.
While Ci highlights these key results, they may not be a complete representation of JA Canada's results and impact.
Charity Intelligence has given Junior Achievement of Canada a Fair impact rating based on demonstrated impact per dollar spent.
Impact Rating: Fair
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Finances
In F2023, Junior Achievement of Canada received $6.0m in donation and special event revenue. It also received $300k in government funding (4% of total revenue). Administrative costs are 8% of total revenue and fundraising costs are 7% of donations. Overhead spending is 15% which is within Ci’s reasonable range. For every dollar donated, 85 cents are available for the cause. In F2023, JA Canada spent $4.9m on its programs and grants (69% of total revenue).
In F2023, JA Canada had a surplus of $1.2m and spent $816k on capital expenditures.
At the end of F2023, JA Canada has $3.4m in reserve funds. This can cover 70% or 8 months of its annual program costs.
According to its T3010 filing with the CRA, the charity granted $2.0m to local JA offices, Colleges and Institutes Canada, and the Ottawa Network for Education.
This charity report is an update that has been sent to Junior Achievement of Canada for review. Changes and edits may be forthcoming.
Profile created on June 11, 2024 by Thea Clark.
Financial Review
Fiscal year ending June
|
2023 | 2022 | 2021 |
|---|---|---|---|
| Administrative costs as % of revenues | 8.3% | 8.4% | 9.2% |
| Fundraising costs as % of donations | 6.5% | 6.5% | 8.7% |
| Total overhead spending | 14.8% | 14.9% | 17.9% |
| Program cost coverage (%) | 70.0% | 64.0% | 62.7% |
Summary Financial StatementsAll figures in $000s |
2023 | 2022 | 2021 |
|---|---|---|---|
| Donations | 4,492 | 3,787 | 2,941 |
| International donations | 167 | 112 | 303 |
| Government funding | 300 | 245 | 490 |
| Special events | 1,515 | 1,301 | 615 |
| Other income | 562 | 454 | 441 |
| Total revenues | 7,037 | 5,899 | 4,790 |
| Program costs | 2,889 | 2,466 | 2,081 |
| Grants | 1,961 | 2,001 | 1,848 |
| Administrative costs | 587 | 496 | 439 |
| Fundraising costs | 391 | 329 | 309 |
| Other costs | 6 | (11) | 9 |
| Total spending | 5,834 | 5,280 | 4,686 |
| Cash flow from operations | 1,203 | 619 | 104 |
| Capital spending | 816 | 337 | (719) |
| Funding reserves | 3,394 | 2,858 | 2,463 |
Note: DEFERRED ADJUSTMENT: JA Canada uses deferred accounting. To show donors this information on a consistent basis, Ci adjusts for these deferred revenues. This affected revenue by $253K in F2023, $314k in F2022, and ($290k) in F2021. USE OF T3010: Ci used the charity’s T3010 filing with the CRA to report international donations and government funding and remove these amounts from Canadian donations. Ci used the T3010 to report spending on grants and removed the respective amounts from program costs.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
2 |
$160k - $200k |
0 |
$120k - $160k |
1 |
$80k - $120k |
4 |
$40k - $80k |
3 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2023
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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: 416-622-4602