ShareLife
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.
C
RESULTS REPORTING
Grade based on the charity's public reporting of the work it does and the results it achieves.
n/r
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.
90%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 90 cents are available for programs.
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OVERVIEW
About ShareLife:
ShareLife is a 3-star charity. It has a C Results Reporting grade, which is below average. Its overhead spending is 10%, within Ci’s reasonable range, and its reserve funds can cover two months of annual program costs. This is within Ci’s reasonable limit.
Founded in 1976, ShareLife aims to live the Gospel by providing for those in need. Established by the Archdiocese of Toronto in Canada, it operates as an intermediary that funds over 40 agencies that serve those who are poor, vulnerable, and marginalized. In 2024, it reported that it reached 15,000 individuals and families in need.
ShareLife funds twelve program areas; its three largest are Family Services, Education of Clergy, and Agency Support and Volunteer Development.
Family Services received 33% of funding in 2024. ShareLife funds agencies that provide family or couples counselling and mental health support. ShareLife reports that over 11,000 clients are served annually by the Catholic Family Services agencies that it funds.
Education of Clergy received 13% of funding in 2024. ShareLife stated that it supported 67 scholars through their studies at St. Augustine Seminary and Redemptoris Master Missionary Seminary in 2024.
Agency Support and Volunteer Development received 11% of funding. This included funding for special projects such as Autism Services, Golden Agers Club, and Newcomers Seniors.
The remaining grants went to various program areas, supporting children and youth (7%), international development (6%), immigrants and refugees (6%), people with special needs (6%), grants-in-aid agencies (5%), seniors (4%), food security grants (4%), young parents (4%), and community care (1%).
In 2024, ShareLife’s three largest grant recipients were St. Augustine’s Seminary ($2.0m), Family Services of Toronto ($1.8m), and Catholic Family Services Peel-Dufferin ($1.3m).
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Results and Impact
ShareLife reported that every year, it ships 4.5 million pounds of food and clothing to communities in need through Canadian Food for Children.
This may not be a complete representation of ShareLife’s results and impact.
This charity is not yet rated on impact (n/r), which does not affect its star rating.
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Finances
ShareLife’s audited financial statements follow activity-based costing, a best practice.
In 2024, the charity had $16.8m in donations and reported $1.9m in investment income. Administrative costs were $729k, which is 4% of revenue (less investment income). Fundraising costs were $955k, which is 6% of donations. For every dollar donated, 90 cents are available to go to the cause, which is within Ci’s reasonable range for overhead spending.
ShareLife has $15.4m in reserve funds, of which $13.4m is donor endowed. Excluding donor-endowed funds, the charity could cover 17%, or two months of its annual program costs.
Profile updated by Leah Holmes on July 22, 2025. This charity report is an update that has been sent to the charity for review. Comments and corrections may be forthcoming.
Financial Review
Fiscal year ending December
|
2024 | 2023 | 2022 |
---|---|---|---|
Administrative costs as % of revenues | 4.4% | 3.7% | 4.4% |
Fundraising costs as % of donations | 5.7% | 5.6% | 5.8% |
Total overhead spending | 10.0% | 9.3% | 10.2% |
Program cost coverage (%) | 17.2% | 36.1% | 61.1% |
Summary Financial StatementsAll figures in $000s |
2024 | 2023 | 2022 |
---|---|---|---|
Donations | 16,764 | 17,229 | 15,771 |
Government funding | 0 | 0 | 18 |
Investment income | 1,897 | 1,766 | (928) |
Total revenues | 18,661 | 18,995 | 14,861 |
Grants | 17,175 | 16,169 | 14,892 |
Administrative costs | 729 | 636 | 692 |
Fundraising costs | 955 | 962 | 916 |
Total spending | 18,859 | 17,767 | 16,501 |
Cash flow from operations | (198) | 1,228 | (1,639) |
Capital spending | 0 | 0 | 0 |
Funding reserves | 15,398 | 15,891 | 14,761 |
Note: Ci adjusted for the change in grants payable, affecting expenses by ($110k) in 2024, ($25k) in 2023, and ($230k) in 2022. Ci adjusted for pledges receivable, affecting donations by ($62k) in 2024, $531k in 2023, and ($1.0m) in 2022. Ci included unrealized gains (losses) on investments, affecting revenues by $1.6m in 2024, $1.4m in 2023, and ($1.2m) in 2022.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
1 |
$120k - $160k |
1 |
$80k - $120k |
0 |
$40k - $80k |
7 |
< $40k |
1 |
Information from most recent CRA Charities Directorate filings for F2023
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Comments & Contact
Comments added by the Charity:
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 416-934-3411