Centraide of Greater Montreal (United Way Montreal)

493 Sherbrooke Street West
Montreal, QC H3A 1B6
Executive Director: Bertrand Castonguay
Board Chair: Robert Dumas

Charitable Reg. #:11884 2517 RR0001

STAR RATING

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

[Charity Rating: 5/5]

✔+

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.

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.

87%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 87 cents are available for programs.



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OVERVIEW

About Centraide of Greater Montreal (United Way Montreal):

Founded in 1966, Centraide of Greater Montreal (Centraide Montreal) raises money to support charities in Montreal and Laval. Its mission is to improve the quality of life in the community and empower vulnerable members to take charge of their lives. Funded charities deliver programs that align with one of Centraide Montreal’s four priority areas: Support Youth Success, Taking Care of the Essentials, Break Social Isolation, and Build Caring Communities.

Through Support Youth Success, Centraide Montreal supports charities that work with youth from early childhood to adulthood and their families. Taking Care of the Essentials addresses the basic needs of people in Greater Montreal, namely food and shelter. Break Social Isolation funding goes to charities that help marginalized people who struggle with social isolation (seniors, people with disabilities, immigrants, people in crisis). Build Caring Communities funding goes to charities that improve living conditions of local neighbourhoods and encourage volunteer engagement.

In F2021, Centraide Montreal reported spending $74.9 million* on agency support, including $45.0 million in grants, $25.6m in emergency covid-19 funds, and $4.2 million in program support. Of the regular investments (excluding covid-19 funding), 32% was spent supporting youth success, 26% on reducing social isolation, 23% on building caring communities, and 19% on taking care of the essentials. Centraide Montreal funded 350 agencies and projects. The largest grant recipient was YMCAs of Quebec, which received $1.2m, followed by Vivre Saint-Michel en santé with $529k, and Corporation de développement Communautaire Centre-Sud with $478k.

COVID-19 response

In F2021, Centraide of Greater Montreal distributed $25.6m to four covid-19 emergency funds: $15.4m to the Emergency Community Support Fund (ECSF) which supported 349 agencies, $8.0m to the Centraide covid-19 Emergency Fund which supported 438 agencies, $1.5m to the Youth Project which supported 56 agencies, and $710k to the New Horizon for Seniors Program (NHSP) which supported 74 agencies.

* Ci reports $75.6m in total mission spending in F2021, $688k higher than what Centraide reported. Ci included $352k in grants that were deferred in previous years as well as $336k in program costs for research and development in its financial analysis.

 

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Results and Impact

As part of Supporting Youth Success, Centraide of Greater Montreal funds L’Ancre des Jeunes, an agency in Verdun which supports school perserverence. The charity reports that 90% of young dropouts returned to school after their stay at L’Ancre des Jeunes.

Moisson Montréal is a charity that is funded by Centraide of Greater Montreal as a part of its Taking Care of the Essentials program. Moisson Montréal reports that for each dollar it receives, it distributes $15 worth of food. This allows it to fulfill over 640,000 food aid requests each month.

In F2021, 78% of agencies that Centraide of Greater Montreal has supported through its covid-19 Emergency Fund reported that they helped people they would not have normally been able to reach.

While Ci highlights these results, they may not be a complete representation of Centraide Montreal’s results and impact. This charity is not yet rated on impact (n/r).

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Finances

Charity Intelligence consolidated the operating charity with its foundation using the foundation’s audited financial statements in F2021 and F2020.

Centraide Montreal collected $77.6m in donations in F2021. It is a Major 100 – one of Canada’s largest charities in terms of donations. Administrative costs are 8% of revenues (excluding investment income) and fundraising costs are 5% of donations. Centraide Montreal's overhead ratio is 13%. For every dollar donated to the charity, 87 cents go to the cause. This is within Ci’s reasonable range for overhead spending.

Centraide Montreal has $105.2m in funding reserves, of which $53.6m are investments held by the operating charity and $50.5m are investments held by the foundation. $3.1m is donor-endowed. Excluding donor-endowed funds, the charity can cover annual program costs and grants for one year and four months.

Centraide’s audited financial statements report grant commitments for the upcoming F2022 year of $40.9m.

Ci has sent this profile update to Centraide of Greater Montreal for review. Comments and edits may be forthcoming.

Updated on July 26, 2021, by Shira Wine.

Financial Review


Financial Ratios

Fiscal year ending March
202120202019
Administrative costs as % of revenues 8.0%8.8%7.2%
Fundraising costs as % of donations 5.4%7.3%7.3%
Total overhead spending 13.4%16.1%14.5%
Program cost coverage (%) 135.4%142.3%78.1%

Summary Financial Statements

All figures in $000s
202120202019
Donations 77,59957,26558,718
Government funding 17,45200
Investment income 10,852(986)694
Other income 5,26100
Total revenues 111,16456,27959,412
Program costs 5,0237,4564,548
Grants 70,57845,42344,767
Administrative costs 8,0475,0494,197
Fundraising costs 4,1944,1854,302
Other costs 8841,069517
Total spending 88,72563,18258,332
Cash flow from operations 22,439(6,903)1,080
Capital spending (2,159)1,8961,119
Funding reserves 105,24778,15638,501

Note: Centraide of Greater Montreal has prepared statements of operations and fund balance for its operating fund, stabilization fund, capital asset fund, development fund, and collective impact project fund. Ci has consolidated these revenues and expenses. Ci adjusted grants for changes in amounts payable to partner agencies to report on a cash basis. This affected total expenses by $352k in F2021, $696k in F2020, and ($1.2m) in F2019. Ci did not include donations from the foundation to the operating charity, decreasing revenues by $1.5m in F2021 and $1.5m in F2020.

Salary Information

Full-time staff: 100

Avg. Compensation: $92,579

Top 10 staff salary range:

$350k +
0
$300k - $350k
0
$250k - $300k
1
$200k - $250k
1
$160k - $200k
4
$120k - $160k
4
$80k - $120k
0
$40k - $80k
0
< $40k
0

Information from most recent CRA Charities Directorate filings for F2020

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Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

Website: www.centraide-mtl.org
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 514-288-1261

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