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Charity Intelligence finds https://www.charityintelligence.ca/charity-details/609-indspire Indspire to be a High impact charity. You have probably seen its impact rating displayed as a grid on our website. It looks like this: 

The graph is a simple plot showing the charity’s impact with a red dot. The vertical axis shows our estimate of a charity’s effectiveness, its proven impact per dollar, relative to the data quality on the horizontal axis. We find High demonstrated impact. The graph tries to keep impact simple.
Many of you are asking for more information about how Charity Intelligence arrives at this simple red dot. We’re thrilled you want more information about measuring impact. We believe a charity’s impact is the most important factor to consider when making giving decisions. 
https://www.charityintelligence.ca/images/Indspire_Ci_Impact_Slidedoc3.pdf Read Charity Intelligence’s report on how we measure Indspire’s impact. 
https://www.charityintelligence.ca/images/Indspire_Ci_Impact_Slidedoc3.pdf
This  https://www.charityintelligence.ca/images/Indspire_Ci_Impact_Slidedoc3.pdf impact report walks you through the details of how we assess Indspire’s impact. It outlines the economic variables that create Indspire’s total social value created and breaks down where these social values come from. 
Charity Intelligence estimates Indspire creates between $33 million and  $213 million, with a best estimate of $138 million in social value each year by helping students pay for post-secondary education. We calculate this creates $5 of social value for every dollar spent. 
 

Charity Intelligence finds https://www.charityintelligence.ca/charity-details/153-fresh-start-recovery-centre Fresh Start Recovery Center to be a High impact charity. You have probably seen its impact rating displayed as a grid on our website. It looks like this: 

The graph is a simple plot showing the charity’s impact with a red dot. The vertical axis shows our estimate of a charity’s effectiveness, its proven impact per dollar, relative to the data quality on the horizontal axis. The graph tries to keep impact simple.
Many of you are asking for more information about how Charity Intelligence arrives at this simple red dot. We’re thrilled you want more information about measuring impact. We believe a charity’s impact is the most important factor a donor needs to consider when making giving decisions. 
images/Fresh_Start_Ci_Impact_Slidedoc_June20.pdf Read Charity Intelligence’s report on how we measure Fresh Start’s impact.   
images/Fresh_Start_Ci_Impact_Slidedoc_June20.pdf
This images/Fresh_Start_Ci_Impact_Slidedoc_June20.pdf impact report walks you through the details of how we assess Fresh Start’s impact. It outlines the economic variables that create Fresh Start’s total social value created and breaks down where these social values come from. 
Charity Intelligence estimates Fresh Start creates between $15 million and $44 million, with a best estimate of $23 million in social value each year by helping its clients live sober. We calculate this is about $6 of value created for every dollar spent. 
 
What to learn more about impact? 
Charity Intelligence’s https://www.charityintelligence.ca/charity-profiles/top-10-impact-charities Top 10 Impact Charities 
Impact reports on https://www.charityintelligence.ca/research-and-news/ci-views/45-r-d/713-why-indspire-is-high-impact Indspire,  https://www.charityintelligence.ca/research-and-news/ci-views/45-r-d/714-eyle-impact-report East York Learning Experience and https://www.charityintelligence.ca/research-and-news/ci-views/45-r-d/715-why-is-jump-math-high-impact JUMP Math
https://www.charityintelligence.ca/charity-details/153-fresh-start-recovery-centre Charity Intelligence’s charity profile on Fresh Start with the standard information about its finances, programs and transparency updated June 21, 2022
 
Legal disclaimer:
The information in this report was prepared by Charity Intelligence Canada and its independent analysts from publicly available information. Charity Intelligence and its analysts have made endeavours to ensure that the data in this report is accurate and complete but accepts no liability.
The views and opinions expressed are to inform donors on matters of public interest. Views and opinions are not intended to malign any religion, ethnic group, organization, individual, or anyone or anything. Any dispute arising from your use of this website or viewing the material hereon shall be governed by the laws of the Province of Ontario, without regard to any conflict of law provisions.
“Every investment is an impact investment. The problem is most people don’t know if their investment has positive or negative impact.” 

Here are some interesting academic research papers on charity ratings:
Ceren Budak and Justin Rao, https://ojs.aaai.org/index.php/ICWSM/article/view/14747″ target=”_blank” rel=”noopener noreferrer Measuring the Efficiency of Charitable Giving with Content Analysis and Crowdsourcing, 2016. This paper shows that the lack of information about charities resulted in 15% of donations being “wasted” by supporting low-performing, inefficient charities. Budak and Rao used Charity Navigator’s ratings on US donations.
Jennifer Mayo, https://static1.squarespace.com/static/60ddde1f82e91d0393eb222d/t/627bd46e7fe7c00b0aeb60f2/1652282490540/CN+April+2022+draft.pdf” target=”_blank” rel=”noopener noreferrer Navigating the Notches: Charity Response to Ratings, April 2022. Mayo’s University of Michigan PhD paper on charity ratings looks at how changes to a charity’s star rating affect donations. Ceren Budak (paper above) is also at University of Michigan. A change in star rating from 3-star to 4-star at Charity Navigator is associated with a 6% rise in donations, with larger effects for small charities. A downgrade in star ratings did not have the same effect as donors hold fast to their beliefs.
 

WE Charity’s international legacy will continue through WE Charity Foundation (WCF). WCF’s directors and senior staff have long-time involvement with WE Charity. From the sale proceeds of its Toronto real estate for $29.2 million in August 2021, WE Charity transferred $10 million to WE Charity Foundation.
WE Charity Foundation was registered as a Canadian charity in January 2019. Its original directors, WE Charity’s senior management, Dalal Al-Waheidi, Victor Li, and Scott Baker, have stepped aside for new directors.
WE Charity Foundation is now co-chaired by long-time director Gerry Connelly, who has served as a WE Charity (Canada) director since 2013. The other co-chair is Dr. Steve Omenge Johnson Mainda, EBS. Mainda is also a long-serving director of WE Charity’s Kenyan charity, Free the Children Kenya, with Scott Baker and Victor Li.
WE Charity Foundation’s seven directors also include Josh Kahiga Mwangi, Marion Steward, Paul Hughes, Shelmis Wangui Wamweya and Tony Hauser.

 
WE Charity Foundation’s executive team will also be led by WE Charity long-timers, Robin Wiszowaty and Justus Mwendwa. Mwendwa is also a shareholder on record of WE Education Ltd. Inc., a private company in Kenya. Marc Kielburger is one of two directors of WE Education Ltd. Inc.

 
Free the Children Kenya’s charity assets were transferred to WE Education Ltd. Inc. in August 2017.
WE Education Ltd. Inc. (Kenya) is not to be confused with WE Education Ltd., a UK WE social enterprise, nor confused with WE Education Inc., a New York registered business that received some of Craig Kielburgers’ speaker fees.
Former WE Charity US’s director, Tawfiq Rangwala, a New York litigator and high school classmate of Marc Kielburger, reports that WE Education Inc. was the personal company of Craig and Marc Kielburger. From Rangwala’s book, What WE Lost, we learn more about WE Education Inc., the old New York registered private company.
“WE Charity explained to the CBC that WE Education Inc. (New York) was renamed Global Impact Fund Inc. in 2017. Its name was changed when Free the Children became WE Charity to avoid any confusion. Global Impact Fund was founded in 2003 as Kiel Projects Inc. and is personally owned by Craig and Marc Kielburger. It is unrelated to WE Charity, ME to WE, or any charitable or business activities of either entity.
Global Impact Fund receives revenues earned through the Kielburger’s consulting work, their compensation for serving on boards of directors, and their non-WE-related speaking engagements.
This private entity paid for some expenses related to Craig Kielburger’s wedding. WE Education Inc. is unrelated to WE Education for Children Ltd. in Kenya.”  
Learn more at https://www.wecharity.org/financials-and-governance WE Charity Foundation
 
More Charity Intelligence articles:
https://www.charityintelligence.ca/research-and-news/ci-views/43-charity-news/709-we-charity-closing-the-details WE Charity Closing – the details, June 2022
Report on https://www.charityintelligence.ca/charity-details/82-we-charity WE Charity Canada, updated June 2022
 
If you find Charity Intelligence’s research useful in your giving, please consider https://www.charityintelligence.ca/donate donating to support our work. Being funded by donors like you maintains our independence to help Canadians be informed in their giving. Canadians donate over $17 billion each year. This giving could achieve tremendous results. We hope Charity Intelligence’s research helps Canadians give better.
Legal disclaimer: The information in this report was prepared by Charity Intelligence Canada and its independent analysts from publicly available information. Charity Intelligence and its analysts have made endeavours to ensure that the data in this report is accurate and complete, but accepts no liability.
The views and opinions expressed are to inform donors on matters of public interest. Views and opinions are not intended to malign any religion, ethnic group, organization, individual, or anyone or anything. Any dispute arising from your use of this website or viewing this material hereon shall be governed by the laws of the Province of Ontario, without regard to any conflict of law provisions.

In September 2020 Craig and Marc Kielburger announced WE Charity was closing in Canada. Its real estate would be sold, its bank debt paid and what was left over would go to an endowment fund for its international and Canadian operations.
WE Charity’s 2021 audited financial statements provide details on this:

proceeds from the sale were $29.2 million
• transferred one building to WEllbeing Foundation valued at $4.9 million
• $5.3 million write-down

 

 
Two relatively new Canadian charities will continue WE Charity’s programs: WE Charity Foundation for international programs and WEllbeing Foundation for on-line mental health resources in Canada.
 

WE Charity Foundation

WE Charity Foundation received $10 million for an endowment. This is less than management’s earlier estimate of $20 – $25 million. #_ftn1″ name=”_ftnref1 [1] The plan is that WE Charity Foundation will invest this money with professional managers to produce annual income. This investment income will support international programs in Kenya, Ecuador and in other countries. These international programs need an estimated $1-$1.5 million in annual funds. #_ftn2″ name=”_ftnref2 [2]
WE Charity reports that most of its international projects are complete. Other incomplete international programs have been transferred to WE Charity Foundation and WE Charity US.
Learn more about https://www.charityintelligence.ca/research-and-news/ci-views/43-charity-news/710-we-charity-foundation WE Charity Foundation’s NEW directors and senior management. 
 

WEllbeing Foundation

WE Charity’s domestic programs have been transferred to WEllbeing Foundation. WEllbeing Foundation became a Canadian registered charity in 2018. Leysa Creswell Kielburger, WE Charity’s co-founder Craig Kielburger’s wife, is WEllbeing Foundation’s co-founder. It has two full-time and nine part-time staff. Its purpose is to provide teachers with classroom tools to promote mental health awareness. The WEll-being Playbook’s co-authors are  https://www.we.org/en-US/get-doing/activities-and-resources/wellbeing/we-well-being-playbook-and-resources/ Leysa Cerswell Kielburger, and Susan Allen.
WEllbeing Foundation previously owned one Toronto property.  With the transfer of another building, it now owns $8.0 million in Toronto real estate. WEllbeing Foundation has a December year end. We will learn more about this new Canadian charity shortly when its 2021 filing is posted.
 
For more information on WE Charity read https://www.charityintelligence.ca/charity-details/82-we-charity Charity Intelligence’s charity profile updated June 2022
 
Our analysis uses only public records.
Sources:
WE Charity Canada’s https://www.charityintelligence.ca/media/audit_pdfs/WE%20audited%20financials%202021.pdf 2021 audited financial statements
https://staticsb.we.org/f/52095/x/b41d247499/dr-al-rosen-we-charity.pdf Rosen Report, October 27, 2020
CTV News https://www.youtube.com/watch?v=teI_WQQYJ8A&ab_channel=CTVNews WE Winding Down Canadian Operations, Lisa LaFlamme interview with Evan Solomon, September 9, 2020
CTV News https://www.youtube.com/watch?v=m_p5PRLy2os&ab_channel=CTVNews Lisa LaFlamme’s full interview with the Kielburger brothers, September 9, 2020
https://apps.cra-arc.gc.ca/ebci/hacc/srch/pub/dsplyRprtngPrd?q.srchNmFltr=WE+Charity+Foundation&q.stts=0007&selectedCharityBn=773125687RR0001&dsrdPg=1 WE Charity Foundation’s annual filings with CRA Charities Directorate
https://apps.cra-arc.gc.ca/ebci/hacc/srch/pub/dsplyRprtngPrd?q.srchNmFltr=wellbeing+foundation&q.stts=0007&selectedCharityBn=772777512RR0001&dsrdPg=1 WEllbeing Foundation’s annual filings with CRA Charities Directorate
 
Further explanation of the $5.3 million real estate write-down: WE Charity’s real estate was reported in its financial statements with a carrying value (book value) of $40.9 million. It gave one property worth $4.9 million to WEllbeing Foundation. The other Toronto properties sold in August 2021 for $29.2 million. As this actual sale price is less than the carrying value, there is a write-down of $5.3 million. WE Charity explains that this write-down is due to the highly customized, donated audio/video equipment in these buildings which reduced its resale value.
#_ftnref1″ name=”_ftn1 [1] Rosen Report, October 2020 p. 10
#_ftnref2″ name=”_ftn2 [2] Rosen Report, October 2020 p. 9
 
Charity Intelligence’s report on the  https://www.charityintelligence.ca/research-and-news/ci-views/43-charity-news/685-fact-check-rosen-report-on-we-charity Rosen Report, March 1, 2021
 
If you find Charity Intelligence’s research useful in your giving, please consider https://www.charityintelligence.ca/donate donating to support our work. Being funded by donors like you maintains our independence to help Canadians be informed in their giving. Canadians donate over $17 billion each year. This giving could achieve tremendous results. We hope Charity Intelligence’s research helps Canadians give better.
Legal disclaimer: The information in this report was prepared by Charity Intelligence Canada and its independent analysts from publicly available information. Charity Intelligence and its analysts have made endeavours to ensure that the data in this report is accurate and complete, but accepts no liability.
The views and opinions expressed are to inform donors on matters of public interest. Views and opinions are not intended to malign any religion, ethnic group, organization, individual, or anyone or anything. Any dispute arising from your use of this website or viewing this material hereon shall be governed by the laws of the Province of Ontario, without regard to any conflict of law provisions.