Ratanak International
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.
D+
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.
73%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 73 cents are available for programs.
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OVERVIEW
About Ratanak International:
Ratanak International is a 2-star charity that is not fully financially transparent. Its results reporting score is D+, which is below average. Its overhead spending is within Ci’s reasonable range. Its reserve funds can cover two years and four months of annual program costs.
Founded in 1989, Ratanak International (RTI) is a Christian organization that serves exploited individuals in Cambodia. The charity reports that human trafficking and economic exploitation is prevalent in Cambodia due to high levels of poverty and a lack of social services.
RTI organizes its programs into three main programs: Restore, Return, and Prevent. It does not provide a program spending breakdown.
Restore provides trauma counselling, life-skills training, and educational and vocational opportunities to help survivors. In F2023, 121 trafficking survivors received career development services.
Return works with Cambodian government agencies to help return trafficking survivors after being held captive in another country. RTI does not report the number of survivors it rescued for F2023.
Prevent teaches Cambodians to identify signs of human trafficking. In F2023, 140 families received trafficking prevention training.
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Results and Impact
Ci was unable to find quantified outcomes from Ratanak International’s publicly reported information, as it did not report the number of survivors rescued in F2023. This may not be a complete representation of the charity’s results and impact.
This charity is not yet rated on impact (n/r).
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Finances
In F2023, Ratanak International received $3.0m in Canadian donations and $21k in international donations. Administrative costs were 11% of revenues, less investment income. Fundraising costs were 17% of donations. Total overhead spending was 27%. For every dollar donated, 73 cents are available to go to the cause. This is within Ci’s reasonable range for overhead spending. Ratanak spent $1.7m on its programs in F2023, which is 55% of total revenues.
In F2023, RTI had $4.1m in funding reserves (cash and investments). These reserves can cover two years and four months of annual program costs.
RTI has posted its most recent F2023 financial statements only. As full financial statements are unavailable for F2022, some financial ratios may be inconsistent. Ci has scored them as partially financially transparent.
This charity report is an update that has been sent to Ratanak International for review. Changes and edits may be forthcoming.
Updated on August 16, 2024 by Stellar Zhang.
Financial Review
Fiscal year ending May
|
2023 | 2022 | 2021 |
|---|---|---|---|
| Administrative costs as % of revenues | 10.6% | 9.0% | 11.1% |
| Fundraising costs as % of donations | 16.8% | 14.9% | 11.8% |
| Total overhead spending | 27.3% | 23.8% | 22.9% |
| Program cost coverage (%) | 235.9% | 245.8% | 241.3% |
Summary Financial StatementsAll figures in $s |
2023 | 2022 | 2021 |
|---|---|---|---|
| Donations | 3,027,245 | 3,008,942 | 2,907,670 |
| International donations | 21,006 | 0 | 21,068 |
| Government funding | 0 | 0 | 0 |
| Investment income | 77,207 | (10,321) | (42,284) |
| Other income | 0 | 0 | 0 |
| Total revenues | 3,125,458 | 2,998,621 | 2,886,454 |
| Program costs - International | 1,723,762 | 1,452,780 | 1,069,559 |
| Program costs - Canada | 0 | 0 | 141,709 |
| Administrative costs | 321,819 | 269,637 | 325,519 |
| Fundraising costs | 507,569 | 446,700 | 341,710 |
| Total spending | 2,553,150 | 2,169,117 | 1,878,497 |
| Cash flow from operations | 572,308 | 829,504 | 1,007,957 |
| Capital spending | 51,878 | 154,421 | 134,333 |
| Funding reserves | 4,066,967 | 3,570,730 | 2,922,983 |
Note: Ci re-allocated investment expenses to revenue, adjusted investment income by the change in fair value of investments. This affected revenue by $4k in F2023, $29k in F2022, and $nil in F2021. Ci categorized program costs under international program expenses. Ci adjusted for unspent program agency fees, affecting program costs by $36k in F2023, $3k in F2022, and $4k in F2021.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
4 |
$40k - $80k |
3 |
< $40k |
1 |
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: 604-325-9300