Canadian Tire Jumpstart
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.
B
RESULTS REPORTING
Grade based on the charity's public reporting of the work it does and the results it achieves.
Fair
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.
85%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 85 cents are available for programs.
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OVERVIEW
About Canadian Tire Jumpstart:
Canadian Tire Jumpstart is a 3-star charity with fair demonstrated impact. It has an average results reporting grade and overhead spending within Ci's reasonable range.
Founded in 2005, Canadian Tire Jumpstart (Jumpstart) improves the lives of youth through sport and physical activity. Jumpstart states that with rising costs, 44% of parents say they cannot afford to register their children for organised sports, and 75% of parents say that organised sports need to be more financially accessible. 81% of sports organisations have stated that costs to run programming and operations have risen.
In F2022, Jumpstart allocated 67% of total program spending to grants. The charity offers individual grants to youth aged 4 to 18 who need financial support. Children can receive funds up to $600 annually to cover registration and equipment fees for more than 70 activities. In F2022, Jumpstart provided more than 29,000 Individual Grants. The charity also offers Community Development Grants to organisations. In F2022, Jumpstart provided 1,255 Community Development Grants to 788 organisations.
Jumpstart’s Inclusive Play Program represented 33% of total program spending in F2022. In F2022, Jumpstart built nine new inclusive play spaces, including three playgrounds, four multi-sport courts, one splash pad, and one para hockey rink. Jumpstart has built 42 accessible play spaces since the program began in 2017.
In F2022, Jumpstart launched its Play to Lead program to support girls in sport and advance gender equity. In F2022, it held a summit in Toronto for 34 female athletes and 25 coaches.
The charity reports that it helped over 440,000 children in F2022, up from 240,000 in F2021 and more than any previous year.
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Results and Impact
Canadian Tire Jumpstart reports that physical activity can improve self-esteem and mental health, build social skills, and improve academic performance in children.
While Charity Intelligence highlights these key results, they may not be a complete representation of Canadian Tire Jumpstart’s results and impact.
Charity Intelligence has evaluated Canadian Tire Jumpstart and found the charity to have Fair demonstrated impact per dollar.
Impact Rating: Fair
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Finances
Canadian Tire Jumpstart is a Major 100 charity, meaning it is one of Canada’s largest charities in terms of donations. In F2022, Jumpstart received $28.4m in donations. Of this, $26.7m (94% of the total) came from Canadian Tire Corporation. The charity also received $7.5m in government funding, representing 21% of total revenues.
Jumpstart's administrative costs are 7% of total revenues (less investment income), and fundraising costs are 8% of donations (Ci has excluded the money flowed through from Canadian Tire Corporation in the fundraising ratio calculation). Jumpstart's total overhead spending of 15%. For every dollar donated, 85 cents go to the cause. This is within Ci’s reasonable range for overhead spending.
Canadian Tire Jumpstart has $4.2m in funding reserves, of which $490k is donor endowed. This compares with funding reserves of $10.5m in F2021 and $16.9m in F2020. Excluding donor-endowed funds, the charity could cover almost a month and a half of annual program costs.
This charity report is an update that has been sent to Canadian Tire Jumpstart for review. Changes and edits may be forthcoming.
Updated on June 15, 2023 by Kiara Andrade.
Financial Review
Fiscal year ending December
|
2022 | 2021 | 2020 |
---|---|---|---|
Administrative costs as % of revenues | 7.1% | 7.6% | 7.5% |
Fundraising costs as % of donations | 7.6% | 5.2% | 4.8% |
Total overhead spending | 14.6% | 12.8% | 12.2% |
Program cost coverage (%) | 10.5% | 30.1% | 91.1% |
Summary Financial StatementsAll figures in $000s |
2022 | 2021 | 2020 |
---|---|---|---|
Donations | 28,368 | 28,236 | 33,616 |
Government funding | 7,456 | 220 | 557 |
Investment income | 118 | 69 | 48 |
Other income | 0 | 0 | 0 |
Total revenues | 35,942 | 28,525 | 34,221 |
Program costs | 35,603 | 33,389 | 17,985 |
Administrative costs | 2,524 | 2,156 | 2,547 |
Fundraising costs | 129 | 57 | 58 |
Other costs | 0 | 0 | 0 |
Total spending | 38,257 | 35,602 | 20,590 |
Cash flow from operations | (2,314) | (7,077) | 13,630 |
Capital spending | 0 | 0 | 0 |
Funding reserves | 4,223 | 10,541 | 16,903 |
Note: Fundraising cost ratios were calculated as a percentage of donations excluding amounts received from Canadian Tire Corporation. Ci adjusted for deferred government funding, affecting total revenues by $1.2m in F2022. Ci adjusted for deferred donations from Canadian Tire Corporation, affecting total revenues by ($9.6m) in F2021, and $12.0m in F2020.
Salary Information
$350k + |
0 |
$300k - $350k |
1 |
$250k - $300k |
1 |
$200k - $250k |
1 |
$160k - $200k |
0 |
$120k - $160k |
2 |
$80k - $120k |
5 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2021
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Comments & Contact
Comments added by the Charity:
Charity Contact
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