Inter-Varsity Christian Fellowship of Canada
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔
FINANCIAL TRANSPARENCY
Most recent Audited financial statements available on the charity’s website.
C
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.
81%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 81 cents are available for programs.
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OVERVIEW
About Inter-Varsity Christian Fellowship of Canada:
Founded in 1929, Inter-Varsity Christian Fellowship of Canada (Inter-Varsity) works to inspire and support youth and students to follow Jesus through summer camps and university campus groups. The charity states that “the purpose of Inter-Varsity Christian Fellowship of Canada is the transformation of youth, students and graduates, in all their ethnic diversity, into committed followers of Jesus Christ.” Inter-Varsity reports that only one in three young people who grew up attending church, still attend today.
The charity’s Campus program includes groups that offer Bible studies, leadership development, prayer groups, social events, and outreach opportunities.
Inter-Varsity operates a summer camp that provides a safe space where youth can explore the outdoors and take part in intentional activities and mentorships that foster their spiritual development. The camp also offers rentals and retreats for church groups.
Inter-Varsity runs short-term mission trips for youth, including both ministry trips with the International Fellowship of Evangelical Students and local service trips to serve in urban centres. The charity runs Urbana, a triennial student mission conference that brings together university students, pastors, church leaders, and schools.
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Results and Impact
Inter-Varsity Christian Fellowship of Canada reports that each year, 1,000 kids decide to follow Jesus as a result of their experience at Inter-Varsity’s summer camps.
While Ci highlights these key results, they may not be a complete representation of Inter-Varsity Christian Fellowship of Canada’s results and impact. This charity is not yet rated on impact (n/r).
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Finances
Inter-Varsity became financially transparent in 2020. Its audited financial statements are now posted.
Inter-Varsity Christian Fellowship of Canada received $9.1m in donations in F2020. Administrative costs are 19% of revenues (excluding investment income). Inter-Varsity Christian Fellowship does not report any fundraising costs on its audited financial statements, nor in its 2020 T3010 filing with the CRA. For every dollar donated, 81 cents go towards Inter-Varsity’s programs, which is within Ci’s reasonable range for overhead spending.
Inter-Varsity’s interest-bearing debts exceed its funding reserves, resulting in a negative program cost coverage ratio. Excluding interest-bearing debts, Inter-Varsity can cover program costs for three months.
Ci has sent this profile update to Inter-Varsity Christian Fellowship of Canada for review. Changes and edits may be forthcoming.
Updated July 15, 2021, by Shira Wine.
Financial Review
Fiscal year ending August
|
2020 | 2019 | 2018 |
|---|---|---|---|
| Administrative costs as % of revenues | 18.9% | 21.7% | 23.6% |
| Fundraising costs as % of donations | 0.0% | 0.0% | 0.0% |
| Total overhead spending | 18.9% | 21.7% | 23.6% |
| Program cost coverage (%) | (5.7%) | (0.2%) | 5.1% |
Summary Financial StatementsAll figures in $000s |
2020 | 2019 | 2018 |
|---|---|---|---|
| Donations | 9,124 | 9,874 | 12,082 |
| Government funding | 2,277 | 0 | 0 |
| Business activities (net) | 1,481 | 6,785 | 6,687 |
| Investment income | 94 | 129 | 95 |
| Other income | 838 | 1,109 | 1,215 |
| Total revenues | 13,814 | 17,897 | 20,079 |
| Program costs | 11,367 | 14,596 | 14,625 |
| Administrative costs | 2,594 | 3,854 | 4,715 |
| Fundraising costs | 0 | 0 | 0 |
| Total spending | 13,961 | 18,450 | 20,014 |
| Cash flow from operations | (147) | (552) | 65 |
| Capital spending | 216 | 346 | 3,430 |
| Funding reserves | (643) | (25) | 745 |
Note: The charity does not report any fundraising costs on its audited financial statements or its T3010 filing with the CRA. Ci reported administrative costs from the charity's T3010 filing.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
1 |
$80k - $120k |
4 |
$40k - $80k |
5 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2020
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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: 416.443.1170