Jewish Federation of Greater Vancouver
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.
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.
84%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 84 cents are available for programs.
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OVERVIEW
About Jewish Federation of Greater Vancouver:
Jewish Federation of Greater Vancouver is a 3-star charity that is financially transparent. It has a below-average results reporting score of C+ and reasonable overhead spending of 16%. The charity has reserve funds to cover program costs for 5 and a half years.
Founded in 1987, Jewish Federation of Greater Vancouver (JFGV) aims to improve the lives of Jewish people in Greater Vancouver, Israel, and around the world. Jewish Federation of Greater Vancouver provides funding to 39 partner organizations. In F2023, JFGV spent $17.5m on grants to other charities and partners, and $1.2m on JFGV-led charitable programs.
Locally, Jewish Federation of Greater Vancouver runs programs like Jewish Education, Social Services, Youth, Community Building, Seniors, and Arts & Culture. In F2023, JFGV co-hosted an Affordability Summit on the experiences of children and youth in low-income homes and delivered a “Youth 101” workshop for new JCC, synagogue, and Hillel staff to ensure that they have the basic skills to support youth struggling with depression and anxiety. JFGV also supports the PJ library, and in F2023, 1,320 children aged six to eleven received Jewish books.
In Israel and overseas, Jewish Federation of Greater Vancouver runs programs like Wellness, Local Israel Engagement, Excellence in Education, and National Commitments. In F2023, JFGV supported Jewish people in Ukraine by funding the distribution of 700,000 meals and also 455 busses from Ukraine to its borders. Additionally, 500,000 people received humanitarian assistance, 130,000 people received medical care, and JFGV supported 180,000 Ukrainian newcomers through advocacy.
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Results and Impact
In F2023, Jewish Federation of Greater Vancouver facilitated two Israeli consular visits, resulting in 215 Israeli citizens receiving in-person service and 130 newborns and children being registered as Israeli citizens.
This may not be a complete representation of Jewish Federation of Greater Vancouver’s results and impact.
JFGV has not yet been rated on impact (n/r).
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Finances
Jewish Federation of Greater Vancouver had donations and special event revenues of $25.3m in F2023. Because of its large donations, JFGV is considered a Major 100, one of Canada’s largest donor-funded charities.
Administrative costs are 6% of revenues (less investment income) and fundraising costs are 10% of donations and special events. This results in total overhead spending of 16%, which is within Ci’s reasonable range for overhead spending.
Jewish Federation of Greater Vancouver has $92.7m in reserve funds. These reserve funds are the charity’s cash and investments. The charity has 5 years and 6 months of annual program costs covered by its current reserves. In F2023, JFGV had investment returns of -1% on its reserves. It has an average return of 5% over the past five years.
In F2023, Jewish Federation of Greater Vancouver paid external fundraisers $2k. These external fundraisers raised $23k in donations. This means it costs JFGV $0.10 to raise $1 using external fundraisers.
This charity report is an update that has been sent to Jewish Federation of Greater Vancouver for review. Changes and edits may be forthcoming.
Updated on July 29, 2024, by Lily Ferguson.
Financial Review
Fiscal year ending March
|
2023 | 2022 | 2021 |
|---|---|---|---|
| Administrative costs as % of revenues | 5.5% | 6.1% | 5.6% |
| Fundraising costs as % of donations | 10.4% | 10.7% | 13.2% |
| Total overhead spending | 15.9% | 16.8% | 18.8% |
| Program cost coverage (%) | 550.6% | 586.9% | 686.4% |
Summary Financial StatementsAll figures in $000s |
2023 | 2022 | 2021 |
|---|---|---|---|
| Donations | 25,306 | 21,212 | 14,754 |
| Special events | 247 | 443 | 494 |
| Investment income | (607) | 3,614 | 13,563 |
| Other income | (364) | 142 | 1,968 |
| Total revenues | 24,582 | 25,412 | 30,780 |
| Program costs | 1,194 | 1,452 | 1,478 |
| Grants | 15,643 | 13,905 | 10,519 |
| Administrative costs | 1,387 | 1,330 | 960 |
| Fundraising costs | 2,650 | 2,322 | 2,009 |
| Total spending | 20,875 | 19,009 | 14,966 |
| Cash flow from operations | 3,707 | 6,403 | 15,814 |
| Capital spending | 13 | 62 | 62 |
| Funding reserves | 92,713 | 90,134 | 82,341 |
Note: Ci adjusted for grant spending reported below the line, affecting expenses by $18.7m in F2023, $15.3m in F2022, and $12.1m in F2021. Ci adjusted for investment income reported below the line, affecting revenues by ($607k) in F2023, $3.6m in F2022, and $13.6m in F2021. Ci adjusted for deferred revenue, affecting revenues by ($364k) in F2023, $142k in F2022, and $2.0m in F2021. Ci removed amortization from program costs, administrative costs, and fundraising costs on a pro-rated basis.
Salary Information
$350k + |
1 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
1 |
$160k - $200k |
2 |
$120k - $160k |
2 |
$80k - $120k |
4 |
$40k - $80k |
0 |
< $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
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 604-257-5100