Centraide of Greater Montreal (United Way Montreal)
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.
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.
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 Centraide of Greater Montreal (United Way Montreal):
Centraide Montreal is a 5-star charity. It is financially transparent, has reasonable overhead costs, and has an above-average results reporting score of A-.
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: For Inclusive Communities, For Young People’s Present and Future Success, For Decent Living Conditions, and For a Strong and Cohesive Social Fabric.
For Inclusive Communities – 30% of total program and grant spending. Centraide Montreal aims to build a diverse community that recognizes and respects the diversity of peoples’ experiences. In F2023, it funded 209 agencies and projects. Its funded programs helped 473 families in vulnerable situations sign leases and ten children with intellectual disabilities access classes.
For Young People’s Present and Future Success – 28% of program and grant spending. Centraide Montreal funds local agencies that support youth from early childhood through their early careers. It also supports families to ensure that children can reach their potential. In F2023, it funded 177 agencies and projects. This includes ten summer camps and four community centres.
For Decent Living Conditions – 21% of program and grant spending. Centraide Montreal funds agencies that help provide access to affordable housing and food. In F2023, it funded 136 agencies and projects. 36 of these agencies were food banks or similar organizations. It also created one housing working group.
For a Strong and Cohesive Social Fabric – 21% of program and grant spending. In F2023, Centraide Montreal worked to help local agencies build capacity and expand their work in the community. It provided funding to 163 agencies and projects. It held five digital transition orientation webinars that had 826 participants.
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Results and Impact
In F2021, Centraide of Greater Montreal funded L’Ancre des Jeunes, an agency in Verdun which supports school perseverance. 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. In F2021, Moisson Montréal reported 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 F2023, F2022, and F2021. Centraide of Greater Montreal and Centraide of Greater Montreal Foundation have begun the process of merging. Approval of this merger is expected to take place in F2024.
Centraide of Greater Montreal is a Major 100 charity in terms of donations: in F2023, it received $71.0m in Canadian donations. Administrative costs are 9% of revenues (less investment income) and fundraising costs are 7% of donations. Total overhead spending is 16%. For each dollar donated, 84 cents go to the cause. This is within Ci’s reasonable range for overhead spending.
Reserve funds of $111.6m can cover program and grant costs for one year and nine months at the F2023 level. This includes $58.0m in investments held by the operating charity and $51.1m in investments held by the foundation.
Centraide of Greater Montreal’s T3010 filing with the CRA is not available at the time of this report. As such, compensation information reflects F2022. Centraide Montreal’s T3010 filing reports that its largest grant in F2022 was $2.1m to YMCAs of Quebec.
Centraide Montreal’s financial statements report grant commitments of $45.7m for F2024.
Ci has sent this profile update to Centraide of Greater Montreal for review. Comments and edits may be forthcoming.
Updated on August 8, 2023 by Emily Downing.
Financial Review
Fiscal year ending March
|
2023 | 2022 | 2021 |
|---|---|---|---|
| Administrative costs as % of revenues | 9.4% | 8.2% | 8.0% |
| Fundraising costs as % of donations | 6.5% | 5.5% | 5.4% |
| Total overhead spending | 15.9% | 13.7% | 13.4% |
| Program cost coverage (%) | 177.9% | 185.9% | 139.2% |
Summary Financial StatementsAll figures in $000s |
2023 | 2022 | 2021 |
|---|---|---|---|
| Donations | 70,962 | 74,699 | 77,883 |
| Government funding | 0 | 0 | 17,452 |
| Investment income | 1,558 | 1,634 | 10,852 |
| Other income | 87 | 67 | 5,261 |
| Total revenues | 72,607 | 76,400 | 111,448 |
| Program costs | 8,103 | 6,680 | 5,023 |
| Grants | 54,622 | 52,712 | 70,578 |
| Administrative costs | 6,657 | 6,135 | 8,047 |
| Fundraising costs | 4,621 | 4,117 | 4,194 |
| Other costs | 477 | 596 | 884 |
| Total spending | 74,480 | 70,240 | 88,725 |
| Cash flow from operations | (1,873) | 6,160 | 22,723 |
| Capital spending | 303 | 152 | (5,347) |
| Funding reserves | 111,618 | 110,394 | 105,247 |
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 for changes in subscriptions receivable, affecting total donations by ($1.9m) in F2023, ($648k) in F2022, and $284k in F2021. Ci adjusted for changes in grants payable to agencies, affecting grants by ($306k) in F2023, ($740k) in F2022, and $352k in F2021.
Salary Information
$350k + |
0 |
$300k - $350k |
1 |
$250k - $300k |
0 |
$200k - $250k |
2 |
$160k - $200k |
6 |
$120k - $160k |
1 |
$80k - $120k |
0 |
$40k - $80k |
0 |
< $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
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 514-288-1261