International Conservation Fund 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.
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.
93%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 93 cents are available for programs.
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OVERVIEW
About International Conservation Fund of Canada:
International Conservation Fund of Canada is a 5-star charity with best practices in financial transparency. It has an A results reporting grade which is above average. For every dollar donated to the charity, 93 cents are available to go to the cause. This is within Ci’s reasonable range for overhead spending.
Founded in 2007, International Conservation Fund of Canada (ICFC) is dedicated to the long term preservation of nature and biodiversity worldwide. ICFC mainly focuses on projects in tropical areas, where nature is most at risk and conservation gets the least money. The charity reports that 95% of deforestation is happening in the tropics. Working with local partners and Indigenous groups, ICFC helps protect important land and species in Latin America, Asia, and Africa. The charity reports that 17.4 million hectares of land are covered by ICFC projects in 37 countries, benefiting 319,000 people. In 2023, the charity spent $10.2m on conservation projects (up 22% from $8.2m in 2022).
A Charity Intelligence 2024 Top 100 Rated Charity
International Conservation Fund of Canada currently has projects in 15 countries in Latin America including Brazil, Peru, and Costa Rica. These account for 68% of program costs. In 2023, ICFC’s Los Amigos Conservation Concession (LACC) carried out 205 patrols (by river, land, or both) by 11 Promotores, yielding zero illegal logging incidents reported. Also in Peru, ICFC’s Field Training Fellowship program provided field training to 16 people in two cohorts in 2023. In Costa Rica, rangers patrolled 51,743 km in forests, and planted 64,000 mangroves in a community-led restoration project. The Restoration Network, a partnership with farmers to adopt best practices, grew from 210 to 346 in 2023.
International Conservation Fund of Canada currently has projects in nine countries in Africa including Kenya, Malawi, and Madagascar. This accounted for 23% of program costs. Mukutan Conservancy in Kenya is involved in a commercial farming partnerships that has achieved sales of eight tonnes of avocados in 2023, supporting 200 farmers. In 2023 in the Democratic Republic of Congo, 11 new Forestry Concessions for Local Communities (CFCLs) were prepared, adding to the 13 established in 2022.
In the Asia/Pacific region, ICFC currently has projects in nine countries, representing 5% of program costs. In 2023 in Cambodia, field surveys recorded that seagrass increased by more than 2,000 hectares, largely thanks to ICFC’s marine protection. ICFC continued its spoon-billed sandpiper project in four Asian countries, with the count rising from 42 in 2022 to 54. The other 4% of program costs are allocated to small projects in 14 countries across the world.
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Results and Impact
International Conservation Fund of Canada reports on the area of land protected individually by project. In 2023, ICFC states that control of exotic pines was carried out on 267 hectares of invaded grasslands on a reserve in Argentina. The reserve protects 3,568 hectares of flooded grasslands and is vital for the savanna ecoregion due to its rich biodiversity. In Panama, almost 115 hectares of deforestation have been reported in 2023, prompting law enforcement actions. In Peru, LACC protects its watershed and more than 146,000 hectares of diverse Amazonian forest.
While Charity Intelligence highlights these key results, they may not be a complete representation of International Conservation Fund of Canada’s results and impact.
This charity is not yet rated on impact (n/r).
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Finances
International Conservation Fund of Canada received $9.5m in donations in 2023. Administrative costs are 6% of revenues (less investment income) and fundraising costs are 1% of donations. This results in total overhead spending of 7%. For every dollar donated, 93 cents are available to go to the cause. This is within Ci’s reasonable range of 65 to 95 cents for overhead spending. ICFC has reserve funds of $7.1m, meaning the charity can cover around eight months of annual program costs. In 2023, ICFC had a deficit of $2.7m.
The charity’s T3010 filings for 2023 were not yet available at the time of this report. In addition to its salaries of $513k in 2022, ICFC paid $220k in professional and consulting fees ($1.1m in 2021).
Charity Intelligence has sent this update to International Conservation Fund of Canada for review. Changes and edits may be forthcoming.
Updated on July 18, 2024 by Alexia Tudose.
Learn more about ICFC through its 2023 Annual Report.
Financial Review
Fiscal year ending December
|
2023 | 2022 | 2021 |
---|---|---|---|
Administrative costs as % of revenues | 6.1% | 4.3% | 3.2% |
Fundraising costs as % of donations | 1.2% | 1.1% | 1.2% |
Total overhead spending | 7.3% | 5.4% | 4.3% |
Program cost coverage (%) | 69.6% | 108.9% | 155.9% |
Summary Financial StatementsAll figures in $000s |
2023 | 2022 | 2021 |
---|---|---|---|
Donations | 9,454 | 10,409 | 9,909 |
Investment income | (1,178) | (1,417) | 128 |
Other income | (168) | 359 | (18) |
Total revenues | 8,107 | 9,351 | 10,020 |
Program costs - International | 10,158 | 8,237 | 6,134 |
Administrative costs | 566 | 458 | 313 |
Fundraising costs | 110 | 115 | 115 |
Total spending | 10,834 | 8,810 | 6,562 |
Cash flow from operations | (2,727) | 541 | 3,458 |
Capital spending | 3 | 3 | 2 |
Funding reserves | 7,069 | 8,970 | 9,565 |
Note: To report on a cash basis, Ci adjusted for deferred donations, affecting revenues by ($138k) in 2023, $139k in 2022, and nil in 2021. Ci reported gains (losses) on foreign currency exchange as other income. Ci excluded amortization from administrative costs.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
1 |
$120k - $160k |
0 |
$80k - $120k |
3 |
$40k - $80k |
1 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2022
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Comments & Contact
Comments added by the Charity:
This comment was provided to a previous version of this profile.
This decade is crucial for making gains to protect globally important tropical ecosystems and species. Inspired by the progress we’re making and by our wonderful field partners, ICFC is redoubling its efforts and encouraging Canadians to join us and enable us to do still more.
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 844-781-2129