Pentecostal Assemblies of Canada

2450 Milltower Court
Mississauga, ON L5N 5Z6
General Superintendent: Rev. David Wells
Assistant Superintendent: Rev. David Hazzard

Charitable Reg. #:10783 3295 RR0374

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

🔓
Unlock Charity Ratings

✔+

FINANCIAL TRANSPARENCY

Audited financial statements for current and previous years available on the charity’s website.

C+

RESULTS REPORTING

Grade based on the charity's public reporting of the work it does and the results it achieves.

n/r

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.

83%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 83 cents are available for programs.

You may also like:


Emergency Relief and Development Overseas
Doing good in the world.
International Aid
Mississauga, ON

Power to Change
Know Jesus. Change the World.
Religion
Vancouver, BC

Gideons International in Canada
We're sharing God's Word in every corner of the world.
Religion
Guelph, ON


My anchor

Programs

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.

My anchor

Finances

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. 

Financial Review


Financial Ratios

Fiscal year ending December
201820172016
Administrative costs as % of revenues 15.1%11.8%12.5%
Fundraising costs as % of donations 1.9%2.1%2.5%
Program cost coverage (%) 18.3%0.2%(3.6%)

Summary Financial Statements

All figures in $000s
201820172016
Donations 23,56520,60720,372
Fees for service 1,6341,5701,542
Business activities (net) 479438434
Investment income 1,6081,6881,594
Total revenues 27,28624,30423,942
Program costs - International 17,87217,95617,326
Program costs - Canada 1,6431,8941,899
Grants 142606197
Administrative costs 3,8882,6692,802
Fundraising costs 442431509
Other costs 566534459
Total spending 24,55324,09123,192
Cash flow from operations 2,734213750
Capital spending 100297220
Funding reserves 3,58746(699)

Note: Ci has consolidated the Non-Consolidated Statement of Operating Fund Activities and the Non-Consolidated Statement of Trust Fund and Property Fund Activities. Investment income is presented net of trust fund management fee, affecting revenues and expenses by ($8k) in F2018, ($10k) in F2017, and ($10k) in F2016. Ci has adjusted for write-off of annuity loans, affecting expenses by ($13k) in F2016.

Salary Information

Full-time staff: 194

Avg. Compensation $51,653

Top 10 staff salary range

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
0
$120k - $160k
3
$80k - $120k
7
$40k - $80k
0
< $40k
0

Information from most recent CRA Charities Directorate filings for F2017

My anchor

Comments & Contact

Comments added by the Charity:

No comments have been added by charity

Charity Contact

Website: www.paoc.org
This email address is being protected from spambots. You need JavaScript enabled to view it.

Print