Wellspring Cancer Support Foundation
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.
62%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 62 cents are available for programs.
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OVERVIEW
About Wellspring Cancer Support Foundation:
Wellspring Cancer Support Foundation is a 4-star rated charity with a high results reporting grade. Wellspring Cancer Support Foundation's overhead spending has been outside of Charity Intelligence's reasonable range for the past three years.
Founded in 1992, Wellspring Cancer Support Foundation (WCSF) offers support programs to people living with cancer, their families, and professional caregivers. The charity runs these programs at no cost to meet the non-medical needs of people affected by the disease, helping with their financial, emotional, and social challenges. Specific programs include support groups for different cancer patients, education courses, and physical activities. In F2021, the charity offered 75 various programs and courses. 45% of programs were to address the emotional needs of patients.
Wellspring Cancer Support Foundation has five main programs: Support and Coaching (25%); Financial and Workplace (23%); Cancer Coping Skills (20%); Rehabilitation (17%); and Children and Families (12%). The charity reports that it served 9,509 people living with cancer and received 103,499 program visits in F2021. Education makes up the remaining 2% of program spending.
WCSF first began running its programs out of one location in downtown Toronto. The charity has since moved from this location. It now controls three Wellspring centres across the GTA: Wellspring Birmingham Gilgan House in Oakville, Wellspring Westerkirk House at Sunnybrook, and Wellspring Downtown Toronto. There are six other Wellspring centres in Canada, run by independent registered charities affiliated with WCSF. These affiliates are located in Niagara, London, Calgary, Chinguacousy, Stratford, and Edmonton.
As a response to covid-19, the charity launched Well on the Web. It is an online extension of the programs in the Wellspring centres nationwide. In F2021, the charity reports Well on the Web received 182,000 visits.
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Results and Impact
Wellspring Cancer Support Foundation conducted a Mission Survey in 2022 to measure the impact of its support programs. 98% of respondents report that Wellspring helps them feel less isolated, 97% say that they gained skills and knowledge to address their needs, and 66% report that Wellspring increased their financial well-being.
While Ci highlights these key results, they may not be a complete representation of Wellspring Cancer Support Foundation's results and impact.
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Finances
Wellspring Cancer Support Foundation received $3.3m in donations and special events revenue in F2022. Administrative costs are 12% of revenues (excluding investment income), and fundraising costs are 26% of donations and special events revenue. For every dollar donated, 62 cents go to the cause. This falls outside of Ci’s reasonable range for overhead spending.
Funding reserves of $5.3m include a $447k endowment fund. Excluding donor-endowed funds, the charity’s funding reserves can cover annual program spending for two years and two months.
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 29, 2022 by Ann Lei.
Financial Review
Fiscal year ending March
|
2022 | 2021 | 2020 |
|---|---|---|---|
| Administrative costs as % of revenues | 11.9% | 10.4% | 12.3% |
| Fundraising costs as % of donations | 26.4% | 28.3% | 36.0% |
| Total overhead spending | 38.3% | 38.7% | 48.3% |
| Program cost coverage (%) | 221.7% | 273.8% | 172.0% |
Summary Financial StatementsAll figures in $s |
2022 | 2021 | 2020 |
|---|---|---|---|
| Donations | 2,749,018 | 2,312,301 | 1,727,929 |
| Business activities (net) | 87,026 | 73,400 | 102,880 |
| Special events | 589,663 | 809,139 | 1,047,751 |
| Investment income | 42,695 | 658,872 | (7,637) |
| Other income | 214,908 | 623,572 | 213,091 |
| Total revenues | 3,683,310 | 4,477,284 | 3,084,014 |
| Program costs | 2,202,141 | 1,920,329 | 2,394,407 |
| Administrative costs | 433,997 | 397,133 | 381,177 |
| Fundraising costs | 880,708 | 881,977 | 998,491 |
| Total spending | 3,516,846 | 3,199,439 | 3,774,075 |
| Cash flow from operations | 166,464 | 1,277,845 | (690,061) |
| Capital spending | 71,188 | 5,455 | 4,813 |
| Funding reserves | 5,279,957 | 5,643,410 | 4,526,229 |
Note: Ci adjusted for the amortization of deferred contributions affecting revenue by ($255k) in F2022, ($268k) in F2021, and ($173k) in F2020. Ci adjusted for the change in deferred revenue affecting revenue by $28k in F2022, ($268k) in F2021, and $381k in F2020. Ci adjusted for the change in deferred contributions affecting revenue by $236k in F2022. Ci reported unrealized loss on investments of $161k in F2022, $nil in F2021, and $173k in F2020 as a contra-revenue item in investment income instead of expenses, affecting total revenue and expenses accordingly. Program costs reported in the charity's audited financial statements included severance costs of $5k in F2022, $34k in F2021, and $nil in F2020. Ci backed this amount out of program costs and included it in administrative costs. The F2022 T3010 data was not available at the time of this update.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
1 |
$160k - $200k |
0 |
$120k - $160k |
1 |
$80k - $120k |
3 |
$40k - $80k |
5 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2021
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Comments & Contact
Comments added by the Charity:
Wellspring has helped tens of thousands of people with cancer reduce the painful side effects of the disease and its treatments, providing a safe place for people to receive comfort and support in their time of need. Our overhead supports our 50+ evidence-based programs that require high quality standards in the form of facilities, website, technology, and customer service. We are proud of our model, which consistently results in strong positive feedback and achievement of results among those in need.
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 416-480-4440