Yonge Street Mission

About Yonge Street Mission:

Founded in 1896, Yonge Street Mission aims to end chronic poverty in Toronto in one generation. Services include a food bank and meal programs, employment and computer training, school readiness programs, health care, counselling and personal development, daycare, and a post-secondary scholarship fund. Yonge Street Mission aims to help people get out of poverty and to enable independence.

In F2016, Yonge Street Mission reported serving almost 12,000 people. Its expenses by program consisted of: employment support (27%), community development (25%), education (23%), relief (13%), housing (8%), and personal growth (4%). Of all youth served in employment support, 70% are now employed or in training.

By the end of 2017, Yonge Street Mission’s Evergreen Centre for Street Youth will move into a 24,000 square-foot space on Spadina Avenue. The centre will include a rooftop terrace, healthcare area and mental health centre. The charity hopes to increase reach and engagement of youth in the Toronto community.

Financial Review:

Yonge Street Mission is a big-cap charity with donations of $8.1m in F2016. Government funding contributed an additional $3m to revenues. Administrative costs were 5% of revenues and fundraising costs were 28% of donations. As such, for every $1 donated, 67 cents go to the cause. This falls within Charity Intelligence’s reasonable range of overhead costs.

The charity has funding reserves of $5.7m, including $2.8m of donor-endowed funds. Yonge Street Mission can cover annual program costs for 7 months (3 months excluding donor-endowed funds). This shows a need for funding.

This charity report is an update that is currently being reviewed by Yonge Street Mission. Changes and edits may be forthcoming.

Updated on June 1, 2017 by Juliana Badovinac.