Chasdei Tovim Meoros
Montreal, QC H3N 1X7
President: Moses Werzberger
Treasurer: Yoel Rosenberger
Charitable Reg. #: REVOKED
Grade: FThe 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
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 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.
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 RatiosFiscal year ending December
|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
|Program costs - International||10,720||10,333||10,105|
|Program costs - Canada||805||995||1,072|
|Cash flow from operations||(10,609)||1,328||1,161|