575 Drake Street
Vancouver, BC V6B 4K8
Executive Director: Krista Thompson
Board Chair: Sean Muggah

Charitable Reg. #:89767 5625 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

[Charity Rating: 4/4]

✔+

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.

Fair

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.

80%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 80 cents are available for programs.



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Programs

About Covenant House Vancouver:

Founded in 1997, Covenant House Vancouver helps homeless youth in Vancouver. Covenant House offers a “Continuum of Care,” to help youth in all stages of the transition from homelessness to safe housing. Covenant House has three main programs: Community Support Services, Crisis Program, and Rights of Passage.

Covenant House’s Crisis Program runs a 59-bed shelter for youths aged 16 to 24 in crisis. In F2018, this program made up 52% of total program spending. When youths arrive at the shelter, they are given medical attention, nutritious food, and a safe place to sleep. There are 24 beds for female-identified youths and 35 beds for male-identified youths. Covenant House reports that it gave 13,186 pieces of donated clothing to youths in F2018. It also served 100,000 nutritious meals to youths.

Covenant House’s Rights of Passage program gives young people safe, affordable housing and 24/7 support as they transition to living alone. Supports include life skills (cooking, money management, self-care, etc.) and education and/or employment plan development. This program made up 23% of total program spending in F2018.

Covenant House’s Community Support Services program provides “as-needed” services to street youths aged 16 to 24. In F2018, this program made up 20% of total program spending. There are two components of this program: Outreach and Drop-In Centre. The Outreach team travels on foot to find youths and offer food, counselling, minor medical attention, and friendship. They are then invited to Covenant House’s Drop-In Centre for access to a wider array of services and resources.

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Results and Impact

Covenant House Vancouver reports that in F2018, 115 youths dealt with their mental health and addictions through the Crisis Program. The Rights of Passage program was successful in helping 100% of youths in the program to transition off the street.

While Ci highlights these key results, they may not be a complete representation of Covenant House’s results and impact.

Charity Intelligence has given Covenant House Vancouver a Fair impact rating based on demonstrated impact per dollar spent.

Impact Rating: Fair

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Finances

Covenant House Vancouver is a ­­­large charity, with total donations and special events revenues of $25.6m in F2018. Administrative costs are 5% of revenues (excluding investment income) and fundraising costs are 15% of donations. For every dollar donated, 80 cents go to the cause. This is within Ci’s reasonable range for overhead spending. Funding reserves of $22.1m can cover 2.3 years of annual program costs.

­This charity report is an update that has been sent to Covenant House Vancouver for review. Changes and edits may be forthcoming.

NOTE: Donors are asking why the financial numbers Charity Intelligence reports are different from the financial numbers Covenant House Vancouver is reporting. Charity Intelligence consistently reports for all charities a) donations when received (not when spent), and b) program and other costs adjustments for non-cash expenses, namely amortization. Charities may have different ways of presenting their ratios. For more details on financial analysis of charity reporting, read more here

Updated on June 3, 2019 by Lauren Chin.

Financial Review


Financial Ratios

Fiscal year ending June
201820172016
Administrative costs as % of revenues 5.1%6.8%7.7%
Fundraising costs as % of donations 14.7%19.1%27.2%
Total overhead spending 19.8%25.9%34.9%
Program cost coverage (%) 234.5%113.4%61.7%

Summary Financial Statements

All figures in $000s
201820172016
Donations 26,11017,51114,203
Government funding 9308631,004
Special events 129156132
Investment income 2346015
Other income 352353168
Total revenues 27,75518,94315,521
Program costs 9,4168,9958,638
Administrative costs 1,3911,2841,187
Fundraising costs 3,8573,3813,902
Total spending 14,66413,66013,727
Cash flow from operations 13,0915,2831,794
Capital spending 3,6451,147925
Funding reserves 22,08110,1975,326

Note: To report on a cash basis, Ci adjusted for deferred contributions received during the year and removed amortization of deferred capital contributions, affecting total revenues by $9.1m in F2018, $3.9m in F2017 and $802k in F2016. Ci removed amortization of property and equipment, decreasing total expenses by $927k in F2018, $356k in F2017 and $352k in F2016. Amortization not allocated to programs was removed from administrative and fundraising expenses on a pro-rata basis.

Salary Information

Full-time staff: 163

Avg. Compensation $56,976

Top 10 staff salary range

$350k +
0
$300k - $350k
0
$250k - $300k
1
$200k - $250k
0
$160k - $200k
2
$120k - $160k
2
$80k - $120k
5
$40k - $80k
0
< $40k
0

Information from most recent CRA Charities Directorate filings for F2018

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Comments & Contact

Comments added by the Charity:

No comments have been added by charity

Charity Contact

Website: www.covenanthousebc.org
This email address is being protected from spambots. You need JavaScript enabled to view it.

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