Pentecostal Assemblies of Canada is a 4-star charity. It has a results reporting score of B which is average. For every dollar donated, 87 cents are available to go towards the cause. Its reserve funds can cover 11 months of program costs.

Pentecostal Assemblies of Canada (PAOC) is a Christian charity founded in 1919. It spreads the gospel and works to inspire people to become disciples of Jesus Christ. In 2023, Pentecostal Assemblies of Canada spent $26.2m on its programs and grants. PAOC has two main programs: Mission Global, and Mission Canada.

Mission Global was 86% of program spending. Mission Global strives to spread the message of Jesus amongst those with little or no access to the gospel. Pentecostal Assemblies of Canada reports that 41% of the world population, or 3.3 billion people, currently fall into this category. PAOC has five main global programs: GlobalEd, GlobalWorks, Missions and Kids (MAK), STM Network, and ZOE Network. These programs focus on specific values like education, volunteering, children’s ministry, women’s ministry and more. In 2023, PAOC had 364 global workers and volunteers in 87 different countries. In 2023, PAOC handed out 41,000 copies of God’s work in Bangladesh. In Israel and Gaza, PAOC blessed and provided aid to over 500 Israeli families, and cared for 26 severely ill Gazan children. Mission Global has a large focus on education. In 2023, it provided 129 students with Timothy Fund scholarships to become active ministers of the gospel. Since 2014, almost 3,000 scholarships have been given out. In its Villages of Hope initiative, PAOC enrolled 350 children in preschool in 2023.

Mission Canada was 14% of program spending. The main part of this program is the Fellowship Services. These services support the PAOC constituency and International Office to provide efficient church services. In 2023, Mission Canada served 276,832 people total at 1,040 different affiliated assemblies. This averages to about 266 people per assembly. 30% of these affiliated assemblies are in the Western Ontario District and 16% are in the BC/Yukon District. The primary language for most of these services was English (65%), followed by French (9%) and Indigenous languages (8%). Pentecostal Assemblies of Canada also reports giving 2,752 spirit baptisms and 8,902 water baptisms.

In 2023, Pentecostal Assemblies of Canada received $27.3m in donations. This is a 13% increase from the $24.1m received in 2022. Administrative costs are 12% of revenues (less investment income) and fundraising costs are 1% of donations. This results in total overhead spending of 13%. For every dollar donated, 87 cents are available for programs. This is within Ci’s reasonable range for overhead spending.

PAOC has reserve funds of $23.8m. The charity’s reserve funds can cover 11 months of annual program costs.

Pentecostal Assemblies of Canada is the sole owner of two for-profit organizations: Pentecostal Financial Services Group Inc. (PSFG) and Covenant Securities Corp. (CSC). PSFG provides mortgages to Pentecostal churches in Canada to fund construction projects. CSC is the registered dealer for PSFG notes. These are unsecured, fixed-income promissory notes with a term to maturity of one to five years. PSFG is exempt from the usual reporting and capital requirements of financial services companies. The details of PSFG and CSC’s exemptions can be found here.

Ci included PFSG and CSC’s net income in business activities but did not further consolidate the financial information of PAOC to reflect the operations of PFSG or CSC. 

PAOC has eight related parties, including charitable organizations and the above for-profit companies. Its financial statements are complex and worth reading.

Profile updated on June 12, 2024 by Abby Stout.