Yonge Street Mission

306 Gerrard Street East
Toronto, ON M5A 2G7
President & CEO: Angie Draskovic
Board Chair: William Onuwa

Website: www.ysm.ca
Charitable Reg. #: 11930 6181 RR0001
Sector: Social Services - Homeless
Operating Charity

Donor Accountability

Grade: B

The grade is based on the charity's public reporting of the work it does and the results it achieves.

Financial Transparency

Audited financial statements for current and previous years available on the charity's website [ Audited financial statement for most recent year ]

Need for Funding

donor
endowed
Funding Reserves Program Costs

Spending Breakdown

Full-time staff #100

Avg. Compensation $55,735

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 3
$80k - $120k 5
$40k - $80k 2
< $40k 0
Information from most recent CRA Charities Directorate filings for F2015

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.

Financial Ratios

Fiscal year ending September
201620152014
Administrative costs as % of revenues 4.7%5.2%6.4%
Fundraising costs as % of donations 28.3%32.1%32.2%
Program cost coverage (%) 62.1%31.3%26.3%

Summary Financial Statements

All figures in $000s
201620152014
Donations 8,0817,4177,401
Goods in kind 204142215
Government funding 3,0192,6342,552
Business activities (net) 1,1551,022923
Investment income 141136116
Total revenues 12,60011,35111,207
Program costs 9,1507,9638,518
Administrative costs 579582712
Fundraising costs 2,2832,3802,384
Cash flow from operations 588427(407)
Funding reserves 5,6782,4932,236
Note: Business activities are reported gross as revenues and expenses regarding programs and rent could not be consolidated and reported net.

Comments added by the Charity:

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