Siloam Mission
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.
B-
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.
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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OVERVIEW
About Siloam Mission:
Siloam Mission is a 2-star charity due to its Low demonstrated impact. The charity is financially transparent and has a below-average results reporting grade and overhead spending within Ci’s reasonable range. Before you give, read Charity Intelligence’s report.
Founded in 1987, Siloam Mission serves the basic needs of homeless people in Winnipeg. The charity also provides support services to help clients escape long-term homelessness. As one of the largest homeless shelters in Canada, Siloam Mission supplies food and clothing, short-term and transitional housing, employment courses, healthcare, and spiritual care.
The core services Siloam Mission provides are its drop-in meals and emergency housing. In F2022, Siloam Mission's 110 emergency beds served 1,311 people in total, with 41,152 bed nights. Siloam Mission serves drop-in meals three times a day, with 295,942 meals and over one million cups of coffee served in F2022.
Siloam Mission provides health services at the Saul Sair Health Centre, which is attached to the emergency shelter. In F2022, clients had 1,543 appointments with volunteered medical professionals, and 3,093 health-related items were distributed. Clients also made 13,407 visits to Siloam's clothing room and 1,728 visits to the charity’s art room.
In F2023, Siloam Mission aims to open a new Indigenous cultural space, allowing it to offer culturally appropriate ceremonies, sharing circles and Indigenous teachings year-round.
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Results and Impact
Clients of Siloam Mission often lack access to basic needs of food, shelter, and water. In F2022, the charity provided 41,152 bed nights for 1,311 people.
The Transition services helped 54 people find houses for the first time in F2022. 86% of those housed maintained housing after six months and 85% maintained it after one year. The staff helped clients find housing, provided in-home support to prevent eviction and assisted clients in maintaining positive relationships with landlords.
While Ci highlights these key results, they may not be a complete representation of Siloam Mission's results and impact.
Charity Intelligence has rated Siloam Mission as Low impact based on demonstrated social impact per dollar spent.
Impact Rating: Low
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Finances
In F2022, Siloam Mission received $10.3m in donations. The charity also received $3.4m of government funding, representing 22% of total revenues. Administrative costs are 9% of revenues (excluding investment income), and fundraising costs are 11% of donations. This results in overhead spending of 20%. For every dollar donated to the charity, 80 cents go to the cause. This is within Ci's reasonable range.
Siloam Mission has $3.6m in reserve funds once the $4.7m Make Room Loan is accounted for. The charity can cover over four months of its annual program costs with its reserves. This indicates a need for funding.
This charity report is an update that was sent for review to Siloam Mission. Changes and edits may be forthcoming.
Updated on June 19, 2023 by Krystie Nguyen.
Financial Review
Fiscal year ending April
|
2022 | 2021 | 2020 |
|---|---|---|---|
| Administrative costs as % of revenues | 9.3% | 7.8% | 8.5% |
| Fundraising costs as % of donations | 10.8% | 9.2% | 10.2% |
| Total overhead spending | 20.1% | 16.9% | 18.7% |
| Program cost coverage (%) | 37.2% | 33.5% | 5.8% |
Summary Financial StatementsAll figures in $000s |
2022 | 2021 | 2020 |
|---|---|---|---|
| Donations | 10,274 | 13,573 | 11,206 |
| Goods in kind | 1,342 | 1,295 | 1,690 |
| Government funding | 3,407 | 1,755 | 1,181 |
| Business activities (net) | 779 | 705 | 666 |
| Investment income | 44 | 49 | 73 |
| Total revenues | 15,846 | 17,377 | 14,816 |
| Program costs | 9,796 | 8,637 | 8,307 |
| Administrative costs | 1,468 | 1,346 | 1,255 |
| Fundraising costs | 1,109 | 1,245 | 1,140 |
| Total spending | 12,372 | 11,227 | 10,701 |
| Cash flow from operations | 3,474 | 6,150 | 4,115 |
| Capital spending | 1,690 | 2,519 | 6,927 |
| Funding reserves | 3,647 | 2,891 | 483 |
Note: The government funding figure reported above includes Government funding, Government fee for service, and Government loan forgiveness as reported in the audited financial statements. When calculating the funding reserves, Ci included the Make Room Loan and excluded the Madison Lodge Loan because the latter bears no interest.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
5 |
$40k - $80k |
5 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2022
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Comments & Contact
Comments added by the Charity:
Charity Contact
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