President's Choice Children's Charity
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.
90%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 90 cents are available for programs.
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Programs
About President's Choice Children's Charity:
Founded in 2000, President’s Choice Children’s Charity works to give children access to good food and food education so that they can learn and grow, improve their well-being, and make a positive contribution to the world around them – now, and in the future. PC Children’s Charity reports that over one million Canadian children are at risk of going hungry and childhood obesity has tripled since 1979. The charity gives grants to schools and non-profit organizations to support nutrition programs that feed children, and programs that educate children about food and nutrition. The charity granted a total of $13,244,000 in F2018, up from $8,800,000 in F2017 and $4,237,200 in F2016.
President’s Choice Children’s Charity reported feeding 644,000 children and families through funding 3,400 nutrition programs in F2018. The charity granted $9,901,000 to food grants and $234,000 for equipment to execute food grants in F2018. These grants go towards school breakfast and lunch programs, afterschool meal programs, and programs that offer meals over the summer.
Of total grants in F2018, PC Children’s Charity’s reports that $3,343,000 went to food education programs, and $250,000 went to Modular Farms. Modular Farms (built for President’s Choice by Ontario-based company Modular Farms Co.) are farms designed for any climate that look like shipping containers. They use 95% less water than a typical field farm and no pesticides. PC Children’s Charity donated a vertical farm to a high school in northern Saskatchewan in F2018.
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Finances
At the time of this financial review, the charity's F2018 audited financial statements were not available. President’s Choice Children’s Charity is a large charity, with total donations and special events revenues of $16.7m in F2017. Administrative costs are 6% of revenues (excluding investment income) and fundraising costs are 4% of donations. For every dollar donated, 90 cents go to the cause. This is within Ci’s reasonable range for overhead spending. Funding reserves of $13.8m can cover eight months of annual program costs.
This charity report is an update that has been sent to President’s Choice Children’s Charity for review. Changes and edits may be forthcoming.
Updated on August 21, 2019 by Lauren Chin.
Financial Review
Fiscal year ending December
|
2017 | 2016 | 2015 |
|---|---|---|---|
| Administrative costs as % of revenues | 5.6% | 3.8% | 4.7% |
| Fundraising costs as % of donations | 4.2% | 3.5% | 3.6% |
| Total overhead spending | 9.7% | 7.3% | 8.3% |
| Program cost coverage (%) | 66.5% | 88.5% | 91.7% |
Summary Financial StatementsAll figures in $000s |
2017 | 2016 | 2015 |
|---|---|---|---|
| Donations | 2,000 | 2,000 | 2,000 |
| Special events | 14,652 | 15,037 | 14,100 |
| Investment income | 131 | 98 | 97 |
| Total revenues | 16,783 | 17,135 | 16,197 |
| Program costs | 0 | 0 | 0 |
| Grants | 20,677 | 14,710 | 13,676 |
| Administrative costs | 925 | 641 | 760 |
| Fundraising costs | 611 | 531 | 510 |
| Total spending | 22,213 | 15,881 | 14,946 |
| Cash flow from operations | (5,430) | 1,254 | 1,251 |
| Funding reserves | 13,756 | 13,015 | 12,543 |
Note: Special events fundraising consists of regional income and national events. Fundraising costs include national event fundraising costs and marketing expenses. Ci excluded corporate donations when calculating the fundraising ratio.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
1 |
$120k - $160k |
0 |
$80k - $120k |
3 |
$40k - $80k |
5 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2017
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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: 1-877-525-4762