Gates of Mercy
Toronto, ON M4R 1A3
Director: Michael Loghrin
Director: Laurell Salcman
Charitable Reg. #: 89128 3145 RR0001
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
Impact Rating: Low
Full-time staff #1
Avg. Compensation $63,904
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||1|
About Gates of Mercy:
Established in 1991, Gates of Mercy is a fundraising charity that distributes funds to provide relief of poverty, educational subsidies
The Charities Directorate revoked Beth Oloth's charity status in January 2019. It the Charities Directorate's extensive audit, it notes an association between Beth Oloth and Gates of Mercy.
DONOR ADVISORY: Gates of Mercy does not have a website and reported its first full-time paid employee in F2017. All information in this report was gathered through the charity’s T3010 filing and unaudited financial statements which were provided by the CRA.
Gates of Mercy is a Large charity with $10.2m in donations in F2017, a 147% increase compared to F2015. Administrative costs were 1% of total revenues and the charity has not reported fundraising costs since F2011. For every dollar donated to the charity, $0.99 goes towards its programs and grants, which falls outside Ci's reasonable range for overhead spending. Gates of Mercy reduced its loans payable from $1.2m in F2016 to $276k in F2017 due to a large surplus of cash flows in F2017. The charity remains in debt with loans payable exceeding its liquid assets of $252k. It is unclear whether these loans are interest-bearing.
This charity review is an update that has been sent to Gates of Mercy for review. Changes and edits may be forthcoming.
Updated on August 10, 2018 by Derek Houlberg.
Financial RatiosFiscal year ending August
|Administrative costs as % of revenues||0.9%||0.4%||0.7%|
|Fundraising costs as % of donations||0.0%||0.0%||0.0%|
|Program cost coverage (%)||-0.3%||(9.2%)||(27.8%)|
Summary Financial StatementsAll figures in $000s
|Program costs - International||8,249||7,911||3,046|
|Program costs - Canada||0||0||0|
|Cash flow from operations||805||315||(203)|