Children's Aid Foundation of Canada
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.
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.
70%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 70 cents are available for programs.
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OVERVIEW
About Children's Aid Foundation of Canada:
Children’s Aid Foundation of Canada is a 3-star, financially transparent charity. Its results reporting score is B+, which is above average. Its overhead spending is within Ci’s reasonable range. Its reserve funds can cover four years and six months of annual program costs.
Founded in 1979, Children’s Aid Foundation of Canada (CAFC) works to improve the lives of children and youth in the child welfare system. It reports that poverty, addiction, mental health challenges, isolation, and intergenerational trauma are the most common reasons children are removed from their homes and placed in government care. Approximately 59,000 children are living in permanent government care, and 300,000 more are living with vulnerable or unstable families at risk of abuse or neglect. Of these children, less than 50% will graduate from high school. CAFC also reports that every year, approximately 2,300 children who “age out” of the child welfare system.
The charity runs three main programs: Grants, Other Programs, and Scholarships.
Grants to other children's organizations were 68% of program spending ($9.4m) in F2024. CAFC reports partnering with 114 agencies across Canada. Of these agencies, 95 were directly supporting youth and 19 were conducting research. 27 agencies were Indigenous-led and focussed.
Other Programs were 17% of program spending ($2.3m) in F2024. These included parenting groups, mindfulness workshops, and extracurricular activities for children at risk. CAFC reported serving 8,163 youths at risk; 4,889 youths who transitioned out of care; and 3,021 families at risk in F2024.
Scholarships were 16% of program spending ($2.1m) in F2024. It supported 670 individuals through scholarships and bursaries for post-secondary education. The average amount received was $16,500 for university graduates and $9,600 for college graduates.
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Results and Impact
In F2024, Children’s Aid Foundation of Canada reports the following impact numbers of the families and youth it serves:
- 14,404 reported improved social well-being;
- 3,788 reported improved academic performance;
- 1,142 reported increased engagement;
- 1,070 reported increased employability;
- 4,850 reported increased stability; and
- 3,553 reported improved health and well-being.
In addition, it reported the following information in a report about its scholarship recipients:
- 100 graduates, of which 44 graduated from university and 56 from college. Of the university graduates, 11 students completed master’s, doctorate, or Juris Doctor degrees.
- Of its recipients, the average student debt was $25k, compared to the Canadian national average of $28k.
- Six months post-graduation, 42% of graduates were working, 36% were continuing their education or training and 2% were participating in a practicum or internship.
While Ci highlights these key results, they may not be a complete representation of the charity’s results and impact. This charity is not yet rated on impact (n/r).
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Finances
In F2024, Children’s Aid Foundation of Canada received $16.3m in donations and special events revenue. It also received $2.1m in government funding, representing 8% of revenue. Administrative costs were 11% of revenues, less investment income. Fundraising costs were 20% of donations. Total overhead spending was 30%. For every dollar donated, 70 cents are available to go to the cause. This is within Ci’s reasonable range for overhead spending.
In F2024, CAFC had $76.6m in funding reserves. Included in these is $14.6m in donor-endowed funds. Excluding these funds, its reserves can cover four years and six months of annual program costs.
This charity report is an update that has been sent to Children's Aid Foundation of Canada for review. Changes and edits may be forthcoming.
Updated on August 26, 2024 by Stellar Zhang.
Financial Review
Fiscal year ending March
|
2024 | 2023 | 2022 |
---|---|---|---|
Administrative costs as % of revenues | 10.6% | 10.4% | 7.2% |
Fundraising costs as % of donations | 19.6% | 20.7% | 13.8% |
Total overhead spending | 30.2% | 31.0% | 21.0% |
Program cost coverage (%) | 450.8% | 475.3% | 543.5% |
Summary Financial StatementsAll figures in $000s |
2024 | 2023 | 2022 |
---|---|---|---|
Donations | 14,433 | 12,015 | 13,789 |
Goods in kind | 806 | 738 | 321 |
Government funding | 2,062 | 1,603 | 1,802 |
Business activities (net) | 123 | 120 | 128 |
Special events | 1,850 | 2,351 | 1,612 |
Investment income | 5,642 | 617 | 3,352 |
Other income | (18) | 60 | (56) |
Total revenues | 24,897 | 17,505 | 20,948 |
Program costs | 5,120 | 4,716 | 3,875 |
Grants | 9,360 | 8,462 | 8,043 |
Administrative costs | 2,046 | 1,748 | 1,271 |
Fundraising costs | 3,189 | 2,969 | 2,118 |
Total spending | 19,716 | 17,895 | 15,307 |
Cash flow from operations | 5,181 | (390) | 5,642 |
Capital spending | 86 | (15) | (1,059) |
Funding reserves | 76,613 | 73,260 | 74,664 |
Note: Ci presented fundraising revenues gross rather than net of expenses, affecting revenues and expenses by $1.3m in F2024, $1.4m in F2023, and $822k in F2022. Ci adjusted for deferred revenue under other revenue, affecting it by $80k in F2024, $60k in F2023, and $56k in F2022. Ci adjusted for gain on sale of capital assets in F2022 only, decreasing revenue by $1.7m.
Salary Information
$350k + |
1 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
3 |
$160k - $200k |
3 |
$120k - $160k |
2 |
$80k - $120k |
1 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2023
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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: 416 923 0924