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.
B-
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.
87%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 87 cents are available for programs.
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OVERVIEW
About The Mustard Seed:
Mustard Seed is a 4-star charity. It has low overhead spending and is financially transparent. However, it has a below average results reporting score.
Founded in 1984, Mustard Seed is a Christian charity that helps people overcome homelessness and poverty. Mustard Seed is based in Calgary, Alberta and also operates in four nearby cities. Currently, about 199,000 families live in poverty in Alberta. Mustard Seed provides immediate and long-term support to these people in need.
Mustard Seed runs three main programs: Basic Services, Support Services, and Housing.
In F2022, the Basic Services program represented 57% of program spending. Mustard Seed runs a night shelter in Calgary with space for 370 adults. It also provides food and clothing to people in need. In F2022, Mustard Seed served over 550,500 meals and delivered an additional 50,300 lunches to students in Red Deer.
The Support Services program made up 23% of program spending in F2022. Mustard Seed provides health, employment, advocacy, and religious services. In F2022, the charity held over 60,000 health and wellness appointments. It conducted over 2,000 spiritual conversations with clients. Mustard Seed operates a mobile addictions unit called SeedReach, which helped over 600 people in F2022.
In F2022, the Housing program represented 20% of program costs. Currently, Mustard Seed has 395 affordable housing units and 274 supportive living housing units.
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Results and Impact
In F2022, Mustard Seed helped 454 people move out of homelessness and into housing. Its support services also helped over 400 clients get jobs.
While Ci highlights these key results, they may not be a complete representation of Mustard Seed’s results and impact. This charity is not yet rated on impact (n/r).
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Finances
Mustard Seed received $24.3m in donations and donated goods in F2022. The charity received $24.8m in government funding in F2022 (representing 47% of total revenue). Administrative costs are 1% of revenues (excluding investment income), and fundraising costs are 12% of donations. This means that Mustard Seed spent 13% on overhead in F2022. For every dollar donated to the charity, 87 cents go to the cause. This falls within Ci’s reasonable range for overhead spending.
Mustard Seed has reserve funds of $11.0m which can cover just over three months of annual program costs.
In F2022, Mustard Seed had capital expenditures of $16.0m, over 11 times higher than in F2021. This most likely went towards the construction of Ogden Hub:29, a new supportive housing building for families in Calgary. This building is expected to open in fall 2023.
Mustard Seed paid external fundraisers $44k in F2022, $329k in F2021, and $491k in F2020. The charity does not report how much revenue was collected by the external fundraisers. This is required reporting by the CRA.
Charity Intelligence has sent an update of this report to Mustard Seed for review. Changes and edits may be forthcoming.
Updated on June 27, 2023 by Clive Stevens.
Financial Review
Fiscal year ending March
|
2022 | 2021 | 2020 |
|---|---|---|---|
| Administrative costs as % of revenues | 1.0% | 1.2% | 1.7% |
| Fundraising costs as % of donations | 12.4% | 7.8% | 9.0% |
| Total overhead spending | 13.3% | 9.0% | 10.7% |
| Program cost coverage (%) | 27.2% | 25.8% | (12.9%) |
Summary Financial StatementsAll figures in $000s |
2022 | 2021 | 2020 |
|---|---|---|---|
| Donations | 22,587 | 22,526 | 17,858 |
| Goods in kind | 1,676 | 1,428 | 624 |
| Government funding | 24,843 | 22,654 | 8,375 |
| Fees for service | 2,822 | 2,955 | 2,935 |
| Investment income | 621 | 506 | 198 |
| Total revenues | 52,549 | 50,068 | 29,989 |
| Program costs | 40,451 | 32,531 | 25,107 |
| Donated goods exp | 1,676 | 1,428 | 624 |
| Administrative costs | 493 | 609 | 519 |
| Fundraising costs | 2,800 | 1,762 | 1,608 |
| Total spending | 45,420 | 36,330 | 27,858 |
| Cash flow from operations | 7,129 | 13,738 | 2,131 |
| Capital spending | 15,963 | 559 | 378 |
| Funding reserves | 10,994 | 8,393 | (3,236) |
Note: Ci consolidated The Mustard Seed Society and The Mustard Seed Foundation in presenting financial data. Ci removed donated goods in kind from donations and program costs to report them separately. To report on a cash basis, Ci adjusted donations by changes in deferred revenue from non-government sources. This affected revenues by $869k in F2022, $146k in F2021, and $746k in F2020.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
1 |
$160k - $200k |
1 |
$120k - $160k |
3 |
$80k - $120k |
5 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2022
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Comments & Contact
Comments added by the Charity:
Charity Contact
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