Chasdei Tovim Meoros
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✖
FINANCIAL TRANSPARENCY
Audited financial statements available only through official request for information from Charities Directorate.
F
RESULTS REPORTING
Grade based on the charity's public reporting of the work it does and the results it achieves.
Low
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.
96%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 96 cents are available for programs.
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OVERVIEW
About Chasdei Tovim Meoros:
DONOR ADVISORY: February 18, 2017 Canada's Charities Directorate revoked Chasdei Tovim Meoros's charitable status following an audit.
Registered in 2005, Chasdei Tovim Meoros (CTM) operates out of Montreal, Quebec and assists the poor in Canada and Israel. Ci could not find a charity website for further details on programming. Based on CRA data, CTM runs programs in Canada and in Israel – Canadian programming made up 7% of program costs in F2014 and international programs made up 93%. International program costs of $10.7m are reportedly transferred to an organization or individual in Israel named Rabbi Meir. Fried. Grants of $901k in F2014 made up 8% of program costs and went to various organizations in Quebec.
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Results and Impact
Charity Intelligence has rated Chasdei Tovim Meoros as Low impact based on demonstrated impact per dollar.
Impact Rating: Low
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Finances
Ci performed the following financial analysis using the charity’s T3010 CRA filings. Chasdei Tovim Meoros reports donations of $1.7m in F2014, which decreased 88% from F2013. This is largely due to reporting no tax-receipted donations in F2014, down from $11.5m in F2013. Administrative costs are 3% of revenues and fundraising costs are 1% of donations. $0.04 of every donated dollar goes toward overhead costs, which falls below Ci’s reasonable range for overhead spending. Extremely low overhead allocations may be due to lack of disclosure. CTM does not report any salaried staff in its F2014 T3010 CRA filing.
CTM holds funding reserves of $672k, which can cover only 5% of reported Canadian program costs, international program costs and grants.
This charity report was created on August 26, 2016. Ci was unable to contact the charity for this profile to be reviewed.
Financial Review
Fiscal year ending December
|
2014 | 2013 | 2012 |
|---|---|---|---|
| Administrative costs as % of revenues | 3.0% | 0.6% | 0.4% |
| Fundraising costs as % of donations | 1.0% | 0.0% | 0.0% |
| Program cost coverage (%) | 5.4% | 10.7% | 7.6% |
Summary Financial StatementsAll figures in $000s |
2014 | 2013 | 2012 |
|---|---|---|---|
| Donations | 1,692 | 14,265 | 12,814 |
| Other income | 198 | (266) | 52 |
| Total revenues | 1,890 | 13,999 | 12,867 |
| Program costs - International | 10,720 | 10,333 | 10,105 |
| Program costs - Canada | 805 | 995 | 1,072 |
| Grants | 901 | 1,257 | 438 |
| Administrative costs | 57 | 85 | 53 |
| Fundraising costs | 17 | 1 | 1 |
| Other costs | 0 | 0 | 38 |
| Cash flow from operations | (10,609) | 1,328 | 1,161 |
| Funding reserves | 672 | 1,351 | 886 |
Note: All figures are from the charity’s T3010 CRA filings.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
0 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2014
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Comments & Contact
Comments added by the Charity:
Charity Contact
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