Wellspring Cancer Support Foundation
Toronto, ON M4Y 1T1
CEO: Christina Smith
Board Chair: John Philp
Charitable Reg. #: 89272 8940 RR0001
Grade: B-The grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Full-time staff #30
Avg. Compensation $85,433
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||1|
|$160k - $200k||0|
|$120k - $160k||1|
|$80k - $120k||5|
|$40k - $80k||3|
About Wellspring Cancer Support Foundation:
Founded in 1992, the Wellspring Cancer Support Foundation (Wellspring) is a network of 9 community-based cancer support centres in the Greater Toronto Area, Southern Ontario and Alberta that collectively offer over 50 different programs. Through these programs, Wellspring provides support, coping skills, and education at no charge and without need of medical referral to individuals, family members and professional caregivers affected by cancer. Specific programs include support groups catering to different types of cancer, educational courses like “Money Matters” and “Nourish: Eating Well During Treatment”, various physical activities such as yoga and tai chi to aid stress management and coping skills, and art and music courses for cancer patients, children of cancer patients, and the bereaved. Wellspring charges no fees and receives no government funding; programs and operations are made possible entirely through donations. Wellspring is investing in research and development for its programs through the Centre of Innovation.
Wellspring Cancer Support Foundation is considered a Medium-Cap charity with donations of $2.1m and Special Events fundraising of $1.4m in F2016. Wellspring’s administrative costs were 21% of revenues, while fundraising costs were 38% of donations. For every dollar donated, 41 cents goes to the cause, falling significantly outside Ci’s reasonable range. Wellspring had funding reserves of $6.6m, which cover annual program costs 2.3 times. Wellspring’s major fundraising initiative, the Wellspring Henderson Hoedown, is held every other year and was not held in F2016, explaining the difference in special events funding between F2015 and F2016.
This charity report is an update that is being reviewed by Wellspring Cancer Support Foundation. Changes and edits may be forthcoming.
Updated on June 2, 2017 by Josh Lam.
Financial RatiosFiscal year ending March
|Administrative costs as % of revenues||21.0%||15.6%||16.1%|
|Fundraising costs as % of donations||38.1%||32.5%||30.3%|
|Program cost coverage (%)||230.2%||298.1%||325.6%|
Summary Financial StatementsAll figures in $s
|Business activities (net)||14,011||27,700||20,432|
|Cash flow from operations||(1,359,465)||(26,915)||(252,104)|