Pentecostal Assemblies of Canada

About Pentecostal Assemblies of Canada:

Founded in 1919, Pentecostal Assemblies of Canada (PAOC) is a Christian charity which spreads the gospel and works to inspire people to become disciples of Jesus Christ. There are more than 1,100 Pentecostal churches in Canada with 235,000 followers but, based on spending, PAOC’s work focuses more on international programming than domestic.

PAOC reports that 3.1 billion people have little access to the gospel. In F2018, 91% of program spending was used for international mission work. PAOC focuses on areas where less than 2% of the population are Christian, specifically the 10/40 Window which is a rectangular area covering North Africa, the Middle East, and Asia. The charity had 345 global workers and 37,000 pastors working in 77 countries. Of these workers, 25 are spreading the gospel to Rohingya outside of refugee camps, bringing hope to traumatized peoples.

In F2018, the remaining 9% of program spending was allocated to Canadian programs and granted to other Pentecostal ministries. PAOC is focusing its work on youth, since it recognizes that 80% of people come to know Christ before the age of 18. The charity recognizes the importance of mentorship, digital presence, and mental health in reaching the next generation of disciples.

Financial Review:

Pentecostal Assemblies of Canada received $23.6m in donations during F2018, making it a Major 100 charity, and one of Canada’s largest. Administrative costs are 15% of revenues less investment income, and fundraising costs are 2% of donations. For every dollar donated, 83 cents go to the cause, which is within Ci’s reasonable range for overhead spending.

PAOC has gross funding reserves of $5.8m and $2.2m in interest-bearing debts. The charity could cover two months of program costs using net funding reserves.

Pentecostal Assemblies of Canada controls two for-profit organizations: Pentecostal Financial Services Group Inc. (PFSG) and Pentecostal Securities Corp. (PSC). PFSG provides mortgages to Pentecostal churches in Canada to fund construction projects. PSC is the registered dealer for PFSG notes which are unsecured, fixed-income promissory notes with a term to maturity of one to five years. Ci has not consolidated the financial information of PAOC to reflect the operations of PFSG or PSC.

This charity report is an update that has been sent to Pentecostal Assemblies of Canada for review. Changes and edits may be forthcoming.

Updated on May 30, 2019 by Madison Kerr.