4300 Still Creek Drive
Burnaby, BC V5C 6C6
CEO: Andrea Tang
Board Chair: Kenton Boston

Charitable Reg. #:10816 8709 RR0001

STAR RATING

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

[Charity Rating: 3/5]

✔+

FINANCIAL TRANSPARENCY

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

B+

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.

60%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 60 cents are available for programs.



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OVERVIEW

About Variety BC:

Variety BC is a 3-star rated charity with an above-average results reporting score. Its overhead costs are outside Ci’s reasonable range for overhead spending, and it has reserve funds to cover program costs for two years and nine months.

Founded in 1966, Variety BC (also known as Variety – the Children’s Charity) aims to help children in British Columbia whose medical needs are not covered by the public health system. Variety BC raises funds and provides individual grants for various medical equipment, therapy programs, and supplies. The charity reports that it helped 4,814 children with physical or developmental disabilities in F2022. Variety BC’s spending areas include specialized therapy, mobility supplies, private assessments, education, medical support, and mental wellness.

Variety BC reports that 51% of the individual grants it dispersed in F2022 supported private assessments. In F2022, the charity funded 589 autism assessments and 78 psychoeducational assessments.

In F2022, 28% of Variety BC’s individual grants supported specialized therapy programs that help children communicate and connect with others. Variety BC offers grants for occupational and physical therapy, speech and language therapy, and music therapy. The charity reports that it funded 3,588 hours of speech therapy for its clients in F2022. Additionally, 121 kids received occupational therapy and physical therapy grants in F2022.

The charity’s education program accounts for 9% of its individual grants in F2022. The program supports students through bursaries and tutoring services. The charity reports that it funded 2,255 hours of tutoring for 91 kids in F2022.

In F2022, 5% of Variety BC’s individual grants were used to buy medical supplies. The charity dispersed 31 grants for medical supplies in F2022, including ten continuous glucose monitors and 16 hearing aids.

Through its mental wellness program (4% of individual grants), Variety BC provided 638 hours of counselling. In F2022, 3% of individual grants were allocated to Variety BC’s mobility programs. Variety BC's mobility program aims to help children with mobility challenges move with freedom. The charity provides wheelchairs, standing walkers, and custom orthotics. The charity also offers Sunshine Family Vans and Sunshine Coaches, which are accessible vehicles that help families travel with their children. The charity distributed 39 custom orthotics, 24 wheelchairs, and 11 adaptive tricycles in F2022.

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Results and Impact

Variety BC selects families with the greatest financial need when offering individual grants and only accepts applicants with an annual household income under $85,000. In F2022, the charity reports that it supported 4,814 kids through individual and organizational grants; the breakdown between individual and organizational grants is not provided.

The charity reports that in BC, a confirmed autism diagnosis gives families with children under the age of six access to $22,000 per year of government funding. The funding drops to $6,000 after the age of six. In F2022, Variety BC enabled 589 children to access this funding, opening up $9.8 million per year to these families, by providing private autism assessments.

While Ci highlights these key results, they may not be a complete representation of Variety BC’s results and impact. This charity is not yet rated on impact (n/r).

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Finances

In F2022, Variety BC received $8.8m in donations and lottery revenue. The charity also received $1.9m in government funding, representing 17% of total revenues.

Administrative costs are 14% of revenues and fundraising costs are 27% of donations. This results in total overhead spending of 40%, compared to 40% in F2021 and 51% in F2020. For every dollar donated, 60 cents go to the cause, which is outside Ci’s reasonable range for overhead spending.

The charity has reserve funds of $14.6m, of which $717k is donor endowed. Excluding donor-endowed funds, Variety BC could cover two years and nine months of its annual program costs with reserves.

In addition to its salaries, Variety BC paid $673k in professional and consulting fees in F2022 ($477k in F2021 and $381k in F2020).

This charity report is an update that has been sent to Variety BC. Changes and edits may be forthcoming.

Updated on June 8, 2023 by Kiara Andrade.

Financial Review


Financial Ratios

Fiscal year ending September
202220212020
Administrative costs as % of revenues 13.5%13.0%13.3%
Fundraising costs as % of donations 26.6%26.8%38.0%
Total overhead spending 40.0%39.8%51.2%
Program cost coverage (%) 274.6%283.6%203.0%

Summary Financial Statements

All figures in $000s
202220212020
Donations 8,7007,4836,840
Government funding 1,9492,5452,246
Fees for service 12210594
Lotteries (net) 86213169
Other income 343190264
Total revenues 11,20010,5359,614
Program costs 3,7682,9282,489
Grants 1,3211,1901,378
Administrative costs 1,5081,3691,273
Fundraising costs 2,3132,0072,596
Total spending 8,9107,4957,736
Cash flow from operations 2,2903,0411,878
Capital spending 741711
Funding reserves 14,59012,3249,169

Note: Variety BC had deferred contributions of $89k in F2022, ($48k) in F2021, and $19k in F2020. Ci could not break out changes in government vs. non-government deferred contributions and therefore could not adjust for deferred donations.

Salary Information

Full-time staff: 26

Avg. compensation: $68,219

Top 10 staff salary range:

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
0
$120k - $160k
1
$80k - $120k
4
$40k - $80k
5
< $40k
0

Information from most recent CRA Charities Directorate filings for F2022

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Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

Website: www.variety.bc.ca
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 604-320-0505

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Charitable Registration Number: 80340 7956 RR0001