CPAWS works hard to maximize the proportion of revenue spent on our wilderness work. Our goal is a sustainable financial foundation for our conservation efforts, and sustained protection of Canada’s wilderness.
Each year, our 13 chapters and the national office devote over 70 per cent of its budget to conservation and education, spending less than 15 per cent on fundraising costs.
Again, this year, the CPAWS team demonstrated adaptability while working-from-home and identifying new funding avenues to bolster the ongoing generous support of our donors against pandemic-related financial uncertainty. The support from our donors barely wavered, as they provided to CPAWS $11,717,962 in funding allowing us to focus 73% of our spending exclusively on conservation. Our partners and stakeholders can be confident CPAWS remains financially stable and focused on our conservation mission.
PRIOR YEAR COMPARATIVE FIGURES UPDATE
In the prior year’s audited financial statements, the externally restricted contributions contracted and disbursed to unincorporated chapters were included as revenue and conservation program expenses. To follow the deferral method of accounting for contributions for our unincorporated chapters, CPAWS revised the Statement of Operations for the prior year
to remove disbursements to its unincorporated chapters for externally restricted contributions from both revenue and expenses.
This revision has no impact on net revenue nor net assets. However, for year ended March 31, 2021, both revenue and expenses were reduced by $1,780,986. Our spending exclusively on conservation programs was also reduced to 75% (from 79% as reported in 2021 Impact Report).
National Director, Finance