Brands for Canada
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.
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.
92%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 92 cents are available for programs.
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OVERVIEW
About Brands for Canada:
Brands for Canada is a 2-star rated charity. It is financially transparent and has below average results reporting and low demonstrated impact. Its overhead spending is within Ci’s reasonable range, and it has reserve funds to cover program costs for two years.
Incorporated in 1992, Brands for Canada provides new donated clothing and other basic-needs items to people in need. It has the same founders as Second Harvest and is formerly known as Toronto Windfall Clothing Support Service. Brands for Canada (BFC) reports that 1 in 7 Canadians live below the poverty line. It also states that most new unsold goods end up in landfills. BFC aims to serve the homeless, abused women and children, Indigenous people, at-risk youth, immigrants and refugees, and people with physical or mental disabilities.
BFC has three main programs: Distribution, Employment, and Recycling. The charity does not provide a breakdown of its spending by program.
For its Distribution program, BFC collects and redistributes brand-new clothing and basic-needs items. In F2023 the charity served 120,000 clients through 221 partner agencies. In F2023, Brands for Canada diverted 781,135 lb of items from going to landfills. The United Hearts subprogram focuses on children, students and families in need. In F2022, it gave out 600 backpacks filled with new clothing, personal care items and school supplies. It states that 12,500 students received supplies in 692 schools.
As part of the Employment program, the charity offers several job training programs. BFC’s Suitable Impressions program helps individuals by providing work clothing, personal image and first impressions training. In F2022, Suitable Impressions had 742 participants. BFC’s Edge is a 4-week program that provides job training to adults with disabilities. In F2022, the Edge program had 42 graduates. BFC also provides full year placement opportunities within its own organization.
The Recycling program consists of recycling textiles and repurposing them into reusable composite. It also de-brands items to maximize their use.
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Results and Impact
Brands for Canada states that 27 of its 42 Edge program graduates had job placements at the end of the program.
While Ci highlights these key results, they may not be a complete representation of Brands for Canada’s results and impact.
Charity Intelligence has given Brands for Canada a Low impact rating based on demonstrated impact per dollar spent.
Impact Rating: Low
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Finances
Brands for Canada reported $3.0m in donations in F2023. That is a 48% increase from F2021.
Administrative costs are 2% of total revenues (less investment income) and fundraising costs are 5% of total donations. For every dollar donated to the charity, 92 cents are available for programs. This is within Ci’s reasonable range for overhead spending. BFC spent $2.0m on its programs in F2023, which is 60% of its revenues. The operating cash flow was 33% of its total revenues.
Brands for Canada has reserve funds (cash and investments) of $4.1m which can cover two years of annual program costs. The reserve funds have increased by 38% since F2022.
This charity report is an update that has been sent to Brands for Canada for review. Changes and edits may be forthcoming.
Updated on May 21, 2024 by Alessandra Castino.
Financial Review
Fiscal year ending March
|
2023 | 2022 | 2021 |
---|---|---|---|
Administrative costs as % of revenues | 2.2% | 2.1% | 1.9% |
Fundraising costs as % of donations | 5.4% | 4.0% | 6.7% |
Total overhead spending | 7.6% | 6.1% | 8.6% |
Program cost coverage (%) | 204.0% | 166.4% | 102.2% |
Summary Financial StatementsAll figures in $s |
2023 | 2022 | 2021 |
---|---|---|---|
Donations | 2,981,895 | 2,885,406 | 2,016,012 |
Government funding | 269,253 | 311,834 | 559,893 |
Fees for service | 68,100 | 10,692 | 10,940 |
Special events | 16,767 | 929 | 0 |
Investment income | 8,786 | 24,381 | 18,153 |
Total revenues | 3,344,801 | 3,233,242 | 2,604,998 |
Program costs | 2,017,132 | 1,787,994 | 1,789,686 |
Administrative costs | 72,316 | 66,941 | 48,457 |
Fundraising costs | 162,113 | 116,165 | 135,152 |
Total spending | 2,251,561 | 1,971,100 | 1,973,295 |
Cash flow from operations | 1,093,240 | 1,262,142 | 631,703 |
Capital spending | 0 | 0 | 0 |
Funding reserves | 4,115,118 | 2,974,347 | 1,828,999 |
Note: DEFERRED REVENUE: Ci reports donations on a cash basis and has adjusted for deferred revenue, affecting donations by ($108k) in F2023, ($51k) in F2022, and $606k in F2021.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
1 |
$80k - $120k |
3 |
$40k - $80k |
6 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2023
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Comments & Contact
Comments added by the Charity:
Charity Contact
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