As a social impact organization, careful management of our financial resources is essential to manage our community work, to build organizational capacity, and to continue evolving to meet changing needs. Funding and financial support represents an increased ability to both deliver services and invest in organizational infrastructure.

In the 2024 fiscal year, ISSofBC experienced significant growth in total revenue, up by 14.4 per cent. This increase was mainly due to the provision of more services, particularly through the Resettlement Assistance Program (RAP) for Government Assisted Refugees (GARs), including those from the Afghan Special Initiative (ASI). However, revenue growth occurred across many service areas, reflecting the diverse needs of our clients.

This growth allowed us to invest in essential areas such as improving total staff compensation, implementing new technology systems, building organizational capacity and infrastructure, and enhancing our services to better serve our clients.

In the volatile economic environment that challenged everyone in 2023-24, the vision and guidance of ISSofBC’s management and the efforts of its staff and volunteers allowed the organization to remain on course financially and strategically. By the end of the fiscal year, we had a small surplus of 0.9 per cent of revenue over expenses from operations. We are well-positioned with the resources needed to continue towards our goals as laid out in the current strategic plan.