Covenant House Toronto
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.
Low
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.
73%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 73 cents are available for programs.
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OVERVIEW
About Covenant House Toronto:
Covenant House Toronto is a 2-star charity with Low 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 1982, Covenant House Toronto (COVT) helps homeless youth aged 16 to 24 move off the streets. It offers shelter, housing, job training and mental health support. The charity also runs awareness campaigns and anti-trafficking education and pushes for policy change. According to the charity, more than 1,500 youths are homeless on any given night in Toronto, but the city has only 740 youth shelter beds. Covenant House provides about 30% of these beds.
Covenant House Toronto runs three main programs: Shelter and Crisis Care, Long-Term Transitional Housing, Community Support Services and Outreach. It also runs several smaller programs. The charity spent $34.0m on its programs in F2025. Across all its programs, COVT also served 5,272 meals each week.
Shelter and Crisis Care accounted for $12.2m or 36% of program spending. COVT runs an emergency shelter, a winter respite program and a drop-in service for homeless youth in Toronto. The winter respite program offers shelter, meals and support during winter. The Drop-In program gives youth a hot meal, clean clothes and a safe place to rest during the day. In F2025, 369 youths stayed in the crisis shelter and 243 youths took part in the winter respite program. Its Drop-In program served about 100 youths a day.
Long-term Transitional Housing accounted for $11.0m or 32%, of program spending. The charity helps youth move from shelter into stable, independent housing in the community. In F2025, it opened a new 64-bed transitional housing program in South Etobicoke. This brought its total housing capacity to 257 beds. In F2025, it helped 227 youths move into independent housing.
Community Support Services and Outreach accounted for $7.9m or 23%, of program spending. COVT runs life skills and job training programs for youth. This includes Cooking For Life, which trains youth in kitchen skills and gives them a job placement at a Toronto restaurant. Across these programs, youths earned 1,559 life skills credits in F2025.
Other Programs accounted for $2.9m or 9% of program spending. This covers health care, public education and research. Through its on-site health clinic, Covenant House Toronto treated 718 youths and gave mental health counselling to 426 youths. Through public education, the charity reached 29,751 students with presentations on homelessness and trafficking.
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Results and Impact
Through Long-term Transitional Housing 227 youths moved into independent housing in F2025. Of these, 83% left with a stable source of income.
In Community Support Services and Outreach, youths secured 250 jobs and job training placements in F2025. Of youths in the Cooking For Life program, 70% secured employment.
Across all its programs, Covenant House Toronto served 5,272 meals weekly to over 2,000 youths. This means that on average it served less than 137 meals per youth over the year.
While Ci highlights these key results, they may not completely represent Covenant House Toronto’s results and impact.
Ci has rated this charity as Low on demonstrated social impact per dollar spent.
Impact Rating: Low
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Finances
In F2025, COVT had $61.0m of total revenues. Donations accounted for $42.2m or 69% of revenues. Government funding was $6.6m or 11% of revenues. In F2025, the charity spent $34.0m on its programs. This was 56% of revenues.
Administrative costs were $2.3m or 4% of revenues (less investment income). Fundraising costs were $9.8m or 23% of donations. For every dollar donated to the charity, 73 cents are available to go to the cause. This is within Ci’s reasonable range.
The charity also paid external fundraisers $908k in F2025 who raised $474k for the charity. This equates to a cost of $1.92 for every dollar raised through external fundraisers.
As of F2025, the charity had $60.5m in cash and investments. Its funding reserves can cover 1 year and 9 months of its annual program costs. This is within Ci’s reasonable range.
Profile updated by Raihan Firosh on June 29, 2025. Comments and corrections may be forthcoming.
Financial Review
Fiscal year ending June
|
2025 | 2024 | 2023 |
|---|---|---|---|
| Administrative costs as % of revenues | 4.1% | 5.0% | 4.4% |
| Fundraising costs as % of donations | 23.2% | 28.1% | 25.0% |
| Total overhead spending | 27.2% | 33.1% | 29.4% |
| Program cost coverage (%) | 177.9% | 155.5% | 151.4% |
Summary Financial StatementsAll figures in $000s |
2025 | 2024 | 2023 |
|---|---|---|---|
| Donations | 42,167 | 32,822 | 35,132 |
| Goods in kind | 3,580 | 0 | 0 |
| Government funding | 6,568 | 4,309 | 7,434 |
| Fees for service | 3,520 | 3,240 | 2,778 |
| Investment income | 4,526 | 3,633 | 2,868 |
| Other income | 686 | 1,621 | 1,311 |
| Total revenues | 61,047 | 45,625 | 49,524 |
| Program costs | 34,017 | 31,178 | 30,479 |
| Donated goods exp | 3,738 | 41 | 44 |
| Administrative costs | 2,296 | 2,085 | 2,058 |
| Fundraising costs | 9,764 | 9,218 | 8,782 |
| Total spending | 49,816 | 42,522 | 41,363 |
| Cash flow from operations | 11,231 | 3,103 | 8,161 |
| Capital spending | 29 | 246 | 322 |
| Funding reserves | 60,529 | 48,494 | 46,150 |
Note: 1. AMORTIZATION: Ci backed out amortization on a pro-rata basis from program, administrative, and fundraising costs. 2. DEFERRED DONATIONS: Since COVT follows deferred accounting, Ci adjusted donations for changes in deferred contributions to show donors financial information on a consistent basis. This affected revenue by $3.0m in F2025, ($1.9m) in F2024, and $450k in F2023. 3. DEFERRED CAPITAL CONTRIBUTIONS: Ci adjusted donations for changes in deferred capital contributions, affecting revenue by $1.2m in F2025, ($459k) in F2024, and ($474k) in F2023. 4. OTHER DEFERRED REVENUE: Ci adjusted other revenue for changes in other deferred revenue, affecting total revenue by $12k in F2025, ($14k) in F2024, and ($20k) in F2023. 5. DONATED CAPITAL ASSETS: During F2025, the City of Toronto and Toronto Community Housing Corporation transferred a house to Covenant House Toronto, valued at $3.6m. Ci included this amount under revenues and under Expenses for donated good used in programs. This affected both by $3.6m in F2025 only.
Salary Information
$350k + |
1 |
$300k - $350k |
1 |
$250k - $300k |
2 |
$200k - $250k |
3 |
$160k - $200k |
3 |
$120k - $160k |
0 |
$80k - $120k |
0 |
$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:
Charity Contact
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