The Mustard Seed
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.
A-
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.
76%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 76 cents are available for programs.
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OVERVIEW
About The Mustard Seed:
The Mustard Seed is a 3-star rated charity with Fair demonstrated impact. It has above average disclosure with an A- results reporting grade. Its overhead spending and funding reserves are within Ci’s reasonable range.
Founded in 1984, Mustard Seed gives shelter, food, housing and support to people who are homeless or living in poverty. It operates in seven cities across Alberta, British Columbia and Saskatchewan. According to the charity, 235,000 Canadians experience homelessness each year and 9.9% of Canadians lived below the poverty line in 2022.
Mustard Seed runs three programs: Basic Services, Affordable Housing, and Support Services. In F2025, it spent $51.5m on these programs.
Basic Services made up $28.3m or 55%, of program spending in F2025. Mustard Seed provides meals, food hampers, clothing and personal hygiene items to people in need. It also runs 732 emergency shelter beds across its centers. In F2025, it served 965,277 meals and gave out 69,036 clothing items and living essentials.
Affordable Housing made up $13.9m or 27%, of program spending in F2025. Mustard Seed provides permanent and supportive housing to people who are homeless or at risk. It operates 591 housing units across its centers and provides support through resident assistants and caseworkers. In F2025, 72 new leases were signed for affordable housing units, and 1,466 guests were housed.
Support Services made up $9.3m or 18%, of program spending in F2025. Mustard Seed runs community impact centers, employment programs and health and wellness services. Community impact centers are drop-in spaces offering food, employment help and workshops. In F2025, its community impact centers recorded 143,626 visits. Its health and wellness program provided 74,219 services to clients.
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Results and Impact
In F2024, 1,124 shelter guests, or 18.1% of all shelter guests, moved into housing. Mustard Seed also reported 751 clients found stable employment in F2024.
While Ci highlights these key results, they may not completely represent Mustard Seed’s results and impact.
Mustard Seed has a Fair impact rating based on its demonstrated social impact per dollar spent.
Impact Rating: Fair
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Finances
In F2025, Mustard Seed had $65.8m in total revenues. Donations accounted for $27.8m or 42% of revenues. Government funding accounted for $31.2m or 47% of revenues. In F2025, the charity spent $51.5m or 78% of revenues on its programs.
In F2025, administrative costs were $540k or 1% of revenues. Fundraising costs were $6.3m or 23% of donations. For every dollar donated to the charity 76 cents are available to go to the cause. This is within Ci’s reasonable range. The charity also paid $506k in interest in F2025.The charity does not break out interest expense separately, so Ci reports the figures as presented by the charity.
At the end of F2025, Mustard Seed had $18.8m gross and $8.9m net reserve funds (cash and investments). Ci backed out $9.9m worth of interest-bearing debt from its gross reserves. Its reserves can cover 2 months of its annual program costs. This is within Ci’s reasonable range.
Profile updated by Raihan Firosh on July 2, 2026. Comments and corrections may be forthcoming.
Financial Review
Fiscal year ending March
|
2025 | 2024 | 2023 |
|---|---|---|---|
| Administrative costs as % of revenues | 0.8% | 0.9% | 1.3% |
| Fundraising costs as % of donations | 22.7% | 22.6% | 32.2% |
| Total overhead spending | 23.5% | 23.5% | 33.5% |
| Program cost coverage (%) | 17.3% | 13.3% | 15.0% |
Summary Financial StatementsAll figures in $000s |
2025 | 2024 | 2023 |
|---|---|---|---|
| Donations | 27,766 | 26,468 | 19,888 |
| Goods in kind | 1,596 | 1,669 | 1,945 |
| Government funding | 31,197 | 27,050 | 19,919 |
| Fees for service | 3,440 | 2,874 | 2,732 |
| Other income | 1,780 | 1,475 | 1,031 |
| Total revenues | 65,780 | 59,536 | 45,515 |
| Program costs | 51,490 | 41,943 | 35,354 |
| Donated goods exp | 1,596 | 1,669 | 1,945 |
| Administrative costs | 540 | 512 | 602 |
| Fundraising costs | 6,309 | 5,993 | 6,398 |
| Other costs | 175 | 106 | (53) |
| Total spending | 60,111 | 50,222 | 44,247 |
| Cash flow from operations | 5,669 | 9,314 | 1,268 |
| Capital spending | 1,729 | 9,904 | 10,864 |
| Funding reserves | 8,916 | 5,565 | 5,310 |
Note: 1. DEFERRED DONATIONS: Since Mustard Seed follows deferred accounting, Ci adjusted donations for changes in deferred contributions to show donors the year-to-year movement of cash within the charity. This affected total revenue by $1.6m in F2025, $3.6m in F2024, and ($572k) in F2023. 2. DEFERRED CAPITAL CONTRIBUTIONS – DONATIONS: Ci adjusted donations for deferred contributions restricted for capital asset purchases, affecting total revenue by $120k in F2025, $1.0m in F2024, and $657k in F2023. 3. DEFERRED CAPITAL CONTRIBUTIONS – GOVERNMENT: Ci adjusted government funding for changes in deferred government grants restricted for capital asset purchases, affecting total revenue by $129k in F2025, $1.0m in F2024, and $680k in F2023. 4. GOVERNMENT GRANTS RECEIVABLE: Ci adjusted government funding for changes in government grants receivable, affecting total revenue by ($252k) in F2025, $169k in F2024, and $2.0m in F2023. 5. LOSS ON INTEREST RATE SWAP: Mustard Seed has an interest rate swap on one of its loans. Ci included unrealized loss on the swap under other cash expenses. This affected total expenses by $175k in F2025, $106k in F2024, and ($53k) in F2023.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
1 |
$160k - $200k |
5 |
$120k - $160k |
1 |
$80k - $120k |
3 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2025



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Comments & Contact
Comments added by the Charity:
If you have any questions about this report, please contact The Mustard Seed at 403-269-1319 or view our Financial Statements online at www.theseed.ca.
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 403-269-1319