Canadian Bible Society

10 Carnforth Rd
Toronto, ON M4A 2S4
National Director: Don Hutchinson
Board Member: Beverly Daniels

Charitable Reg. #:11882 9647 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.

C

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.

60%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 60 cents are available for programs.

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My anchor

Programs

About Canadian Bible Society:

Founded in 1904, Canadian Bible Society (CBS) works to translate, publish, and distribute Christian scriptures both in Canada and globally. It is one of 145 national societies that make up United Bible Societies. In 2017, United Bible Societies distributed a combined 34 million Bibles, of which 7.9 million were accessed electronically. CBS reports that the Bible will need to be translated into 3,773 more languages to be accessible to the 209 million people who are awaiting access to scripture.

CBS sells Bibles written in more than 100 languages in Canada, including many First Nations languages. In F2018, $1.6 million was collected from Bible sales. It also distributes Bibles to select Canadians for free or at a discount, including more than 10,000 camouflage Bibles given to Canadian troops annually. A new Bible which is easier to read is now distributed to new immigrants to Canada either through English classes or at citizenship ceremonies. The Key to Freedom Bible was written to be more accessible to Canadian prisoners.

Working with United Bible Societies, CBS distributed scriptures globally to countries including Palestine, Cuba, Nicaragua, China, and Romania. Within some countries, there is a focus on providing scriptures to children and youths, particularly those who are sick or disabled. In Haiti, the Bibles are used in literacy classes to teach people how to read and CBS reports that providing Bibles can empower women socially and economically in Israel and India.

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Results and Impact

By providing literacy classes, audio bibles, and large-print Bibles, Canadian Bible Society works to make God’s Word accessible to more people. One church reports that attendance increased to 120 members from six in 2015 before the programs began.

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Finances

Canadian Bible Society is a large charity, with donations of $8.9m in F2018. Administrative costs are 17% of revenues less investment income and fundraising costs are 24% of donations. For every $1 donated, 59 cents go to the cause, which is outside of Ci’s reasonable range for overhead spending. CBS has $28.9m in funding reserves of which $1.1m is endowed. Excluding endowed funds, CBS could operate for 4.4 years using reserves.

CBS hired external fundraisers in F2018 and paid 98 cents per $1 raised. It reports not using external fundraisers in F2017 or F2016.

This charity profile is an update that has been sent to Canadian Bible Society for review. Changes and edits may be forthcoming.

Updated on July 8, 2019 by Madison Kerr.

Financial Review


Financial Ratios

Fiscal year ending February
201820172016
Administrative costs as % of revenues 16.6%22.8%16.3%
Fundraising costs as % of donations 23.7%25.2%28.7%
Program cost coverage (%) 451.8%402.7%282.2%

Summary Financial Statements

All figures in $000s
201820172016
Donations 8,9448,9138,349
Fees for service 1,6081,6471,810
Business activities (net) 178159178
Investment income 755790545
Total revenues 11,48511,50910,882
Program costs - International 2,2062,3082,537
Program costs - Canada 4,1904,3375,075
Administrative costs 1,7782,4451,688
Fundraising costs 2,1182,2422,395
Total spending 10,64811,68411,957
Cash flow from operations 1,193177(813)
Capital spending 1941,141341
Funding reserves 28,89726,76121,483

Note:   Expenses related to Bible sales are included in program costs, affecting revenues and expenses by $1.5m in F2016. Ci has included endowment contributions, increasing revenues by $12k in F2018 and $40k in F2017.

Salary Information

Full-time staff: 41

Avg. Compensation $74,405

Top 10 staff salary range

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
0
$120k - $160k
1
$80k - $120k
7
$40k - $80k
2
< $40k
0

Information from most recent CRA Charities Directorate filings for F2018

My anchor

Comments & Contact

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Charity Contact

Website: www.biblesociety.ca
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