Wellspring Cancer Support Foundation

105 Wellness Way
Toronto, ON M4N 0B1
CEO: Christina Smith
Board Chair: John Philp

Charitable Reg. #:89272 8940 RR0001

STAR RATING

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

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✔+

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.

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.

41%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 41 cents are available for programs.



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Programs

About Wellspring Cancer Support Foundation:

Founded in 1992, Wellspring Cancer Support Foundation (WCSF) offers psychological, emotional and educational support programs to people living with cancer, their families, and professional caregivers. The charity runs these programs at no cost to meet non-medical needs of people affected by the disease, helping with the financial, emotional, and social challenges they face. Specific programs include support groups catering to different types of cancer, education courses like “Money Matters” and “Nourish: Eating Well During Treatment”, and physical activities such as yoga and tai chi to aid stress management and coping skills.

WCSF first began running its programs out of one location along Wellesley Street East in downtown Toronto. The charity has since moved from this location and now controls three Wellspring centres across the GTA: Wellspring Birmingham Gilgan House in Oakville, Wellspring Westerkirk House at Sunnybrook, and Wellspring Downtown Toronto in the Yonge and Bloor region. There are six other Wellspring centres in Canada, which are run by separate registered charities that are affiliated with WCSF. These affiliates are Wellspring Niagara, Wellspring London, Wellspring Calgary, Wellspring Chinguacousy, and Wellspring Edmonton.

Wellspring Cancer Support Foundation’s F2018 annual report states that its three GTA centres had 39,641 program visits during the year: 16,710 to Birmingham Gilgan House, 11,934 to Westerkirk House, and 10,997 to the Downtown Toronto centre.

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Results and Impact

Wellspring Cancer Support Foundation conducted a Mission Survey in 2019 to measure the impact of its support programs. Outcomes from respondents include: 94% report that Wellspring helps them feel less isolated (up 3% from 91% in 2017), 88% report that they gained skills and knowledge to address their needs (down 1% from 89% in 2017), and 81% report that they are able to cope better (up 2% from 79% in 2017). These GTA survey responses included in the Mission Survey report include data from Wellspring Chinguacousy, which is a separate, affiliated charity.

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Finances

Wellspring Cancer Support Foundation is a medium-sized charity that received $3.9m in donations and special events fundraising in F2019. Administrative costs are 20% of revenues (excluding investment income) and fundraising costs are 39% of donations and special events fundraising. Per dollar donated, 41 cents go to the cause, which is not within Ci’s reasonable range for overhead spending.

Funding reserves of just under $5.0m include a $422k endowment fund. Excluding endowed funds, the charity’s reserves can cover annual program spending for just under two years.

This charity report is an update that has been sent to Wellspring Cancer Support Foundation for review. Comments and edits may be forthcoming.

Updated on July 15, 2019 by Katie Khodawandi. 

Financial Review


Financial Ratios

Fiscal year ending March
201920182017
Administrative costs as % of revenues 19.5%21.0%16.0%
Fundraising costs as % of donations 39.2%37.5%38.1%
Program cost coverage (%) 215.2%174.2%221.7%

Summary Financial Statements

All figures in $000s
201920182017
Donations 1,0411,8531,541
Government funding 105
Business activities (net) 852526
Special events 2,8811,5912,957
Investment income 242188505
Other income 1954338
Total revenues 4,4453,7005,072
Program costs 2,3142,6952,866
Administrative costs 819736731
Fundraising costs 1,5361,2911,712
Cash flow from operations (224)(1,023)(238)
Capital spending 000
Funding reserves 4,9804,6966,353

Note: Ci made multiple adjustments to revenues to reflect amounts received by the charity on a cash basis. Amortization of deferred contributions was excluded from donations, deferred contributions re-designated as donation revenue was backed out, and amounts received during the year were included, affecting total revenue by ($284k) in F2019, ($722k) in F2018, and ($1.2m) in F2017. Amounts received as Trillium capital grants are reported in government funding. Changes in deferred revenue were also adjusted for in donations, affecting total revenue by ($439k) in F2019, $362k in F2018, and ($352k) in F2017. Donations include endowment additions, increasing total revenue by $25k in F2019, $25k in F2018, and $10k in F2017. A one-time disposal of $402k in deferred contributions, reflecting the amount transferred to the Chinguacousy centre at FYE F2018, is included in donations. Ci reported unrealized loss on investments of $72k in F2017 as a contra-revenue item in investment income instead of expenses, lowering total revenue and expenses accordingly. Program costs reported in the charity's audited financial statements included $215k in severance costs in F2019. Ci backed this amount out of program costs and included it in administrative costs.

Salary Information

Full-time staff: 31

Avg. Compensation $85,598

Top 10 staff salary range

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
1
$160k - $200k
0
$120k - $160k
0
$80k - $120k
6
$40k - $80k
3
< $40k
0

Information from most recent CRA Charities Directorate filings for F2018

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Comments & Contact

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Charity Contact

Website: www.wellspring.ca
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