Canadian Council of the Blind
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.
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.
44%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 44 cents are available for programs.
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OVERVIEW
About Canadian Council of the Blind:
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Finances
Canadian Council of the Blind has donations of $2.7m in F2020. The charity received $49k in government funding, representing 2% of total revenues. Administrative costs are 11% of revenues (less investment income) and fundraising costs are 15% of donations. This results in total overhead spending of 56%. For every dollar donated, 44 cents go to the cause. This is outside of Ci’s reasonable range for overhead spending. Canadian Council of the Blind has been outside of this range since its first analysis in 2013.
Canadian Council of the Blind has $796k in funding reserves. The charity could cover 82% or around 10 months of annual program costs with current reserves.
In F2019 Canadian Council of the Blind paid external fundraisers $1.3m to collect $2.1m in donations. Meaning it costs Canadian Council of the Blind $0.61 to raise $1 using external fundraisers.
This charity report is an update that has been sent to Canadian Council of the Blind for review. Changes and edits may be forthcoming.
Updated on June 29, 2021 by Brenleigh Jebb.
Financial Review
Fiscal year ending December
|
2020 | 2019 | 2018 |
---|---|---|---|
Administrative costs as % of revenues | 11.1% | 11.7% | 11.7% |
Fundraising costs as % of donations | 44.9% | 48.4% | 50.8% |
Total overhead spending | 56.0% | 60.2% | 62.5% |
Program cost coverage (%) | 82.4% | 54.5% | 57.8% |
Summary Financial StatementsAll figures in $s |
2020 | 2019 | 2018 |
---|---|---|---|
Donations | 2,718,151 | 2,609,564 | 2,590,162 |
Government funding | 49,292 | 40,058 | 30,938 |
Fees for service | 15,760 | 15,720 | 15,325 |
Business activities (net) | 480 | 6,960 | 6,000 |
Investment income | 2,900 | 4,048 | 3,393 |
Total revenues | 2,786,583 | 2,676,350 | 2,645,818 |
Program costs | 965,776 | 1,035,280 | 1,074,436 |
Administrative costs | 310,121 | 313,820 | 309,799 |
Fundraising costs | 1,220,559 | 1,263,934 | 1,314,924 |
Total spending | 2,496,456 | 2,613,034 | 2,699,159 |
Cash flow from operations | 290,127 | 63,316 | (53,341) |
Capital spending | 4,912 | 5,383 | 4,341 |
Funding reserves | 796,015 | 564,534 | 621,072 |
Note: Ci did not recognize amortization of deferred capital contributions, affecting revenues by $8k in F2020, F2019, and F2018. Ci reported rental income gross of direct expenses in business activities. Canadian Council of the Blind does not report fundraising costs. In F2019 and F2018 Ci used the charity’s external fundraising costs as reported in its T3010 CRA filings and backed the amounts out of programs and projects expenses, which are reported as program costs. The charity’s 2020 T3010 filing was not available at the time of this update. As a result, external fundraising costs could not be reported in fundraising costs. Ci allocated individual line items into fundraising costs as deemed appropriate. Ci reported Emergency Wage Subsidy as government funding in F2020. Ci also reported the forgivable portion of Canadian Emergency Business Account Funding as government funding and removed the amounts from donations in F2020. Ci reported government funding from the charity’s T3010 filings with the CRA in F2019 and removed the amounts from donations.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
1 |
$40k - $80k |
4 |
< $40k |
5 |
Information from most recent CRA Charities Directorate filings for F2019
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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: (613) 567-0311