Dreams Take Flight
Dorval, QC H4Y 1J2
President: Bev Watson
Vice President: Kyle Chrystian
Charitable Reg. #: 88657 7857 RR0001
Grade: DThe grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Cents to the Cause
Impact Rating: Low
Full-time staff #0
Avg. Compensation $0
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||0|
|$80k - $120k||0|
|$40k - $80k||0|
About Dreams Take Flight:
Founded in 1989, Dreams Take Flight (DTF) provides one-day trips to Walt Disney World or Disneyland for kids facing physical, mental, social, or emotional challenges. Air Canada donates eight round-trip flights per year, leaving from Vancouver, Edmonton, Calgary, Winnipeg, Toronto, Ottawa, Montreal, and Halifax.
In F2017, DTF celebrated the 25th anniversary of its first flight from Vancouver. A 260-seat plane was filled with 250 volunteers and 130 kids between the ages of 6 and 11. The group spent eight hours in Disney’s Magic Kingdom going on rides, meeting Disney characters, and having a shopping spree before returning to Canada. Including flight time, the trip took 20 hours.
Results and Impact: Due to the high cost per wish (estimated to be roughly $2,000 per child), Charity Intelligence has evaluated Dreams Take Flight to have Low impact per dollar (see image in lower right).
The charity’s financial statements have not been audited. Canadian Charities Directorate recommends that charities with income over $250k have audited financial statements.
Dreams Take Flight is a medium-sized charity with donations and special events revenue of $2.2m in F2016. Administrative costs are 7% of revenues and fundraising costs are 21% of donations. For every $1 donated, 72 cents go to the cause, which falls within Charity Intelligence's reasonable range for overhead spending. The charity’s funding reserves have grown consistently since F2019. DTF has $4.1m in funding reserves which could cover program costs for almost three years. This does not indicate a need for funding.
This charity report is an update that has been sent to Dreams Take Flight for review. Changes and edits may be forthcoming.
Updated on July 27, 2018 by Madison Kerr.
Financial RatiosFiscal year ending December
|Administrative costs as % of revenues||6.5%||4.6%||7.7%|
|Fundraising costs as % of donations||21.4%||17.8%||23.7%|
|Program cost coverage (%)||278.4%||361.6%||363.2%|
Summary Financial StatementsAll figures in $s
|Business activities (net)||(7,973)||(2,032)||6,171|
|Cash flow from operations||221,768||580,908||310,665|