YWCA Toronto
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
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 YWCA Toronto:
Young Women's Christian Association of Greater Toronto is a 3-star charity that is financially transparent. It has a B- results reporting grade which is below average. For every dollar donated to the charity, 60 cents go to the cause. This is outside Ci’s reasonable range for overhead spending.
Founded in 1873, Young Women's Christian Association of Greater Toronto (YWCA Toronto) primarily supports underserved women, girls, and individuals of diverse gender identities. Their clients often include women fleeing domestic violence, recent immigrants to Canada, single mothers, low-income households, and Indigenous women. YWCA Toronto’s main programs include Shelter and Housing, Employment and Training, Support Services for violence against women, Girls and Family, and Philanthropy.
Young Women's Christian Association of Greater Toronto offers two violence against women shelters, one shelter for homeless women, and one transitional housing project that supported over 150 women in F2023. In total, the charity has over 820 units of permanent, supportive housing. The charity reports that it housed 1,404 individuals in its safe and affordable housing in F2023.
YWCA Toronto offers courses in computer skills, English literacy, customer service, and leadership. Also, clients receive training in interview techniques and resume writing. The charity has two Toronto Employment Centres and offers more than 16 programs to help individuals build a strong economic future.
YWCA’s Camp Tapawingo offers many outdoor and creative activities to girls and gender-diverse youth to promote personal growth, skill development, and lasting friendships. The charity reports that over 910 girls attended the camp in 2023 and 116 camperships (scholarships) were offered.
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Results and Impact
After a gathering of gender-based violence (GBV) survivors and advocates in Ontario, YWCA met with Toronto mayor Olivia Chow. The petition calling on the provincial government to declare intimate partner violence and GBV an epidemic in Toronto received 1,400 signatures. Two weeks later, Toronto’s City Council unanimously passed the motion.
While Ci highlights these key results, they may not be a complete representation of YWCA Toronto’s results and impact.
Charity Intelligence has not yet Young Women's Christian Association of Greater Toronto on impact. This shows as (n/r).
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Finances
Young Women's Christian Association of Greater Toronto received $5.0m in donations and special events revenue in F2023. It also received $6.3m in rent which is 14% of total revenues. The charity received $30.6m in government funding, representing 68% of total revenues. The charity spent $39m on its programs in F2023, which is 87% of total revenues. Administrative costs are 11% of revenues (less investment income) and fundraising costs are 28% of donations and special events. For every dollar donated to the charity, 60 cents are available to go to the cause. This is outside of Ci’s reasonable range of 65 to 95 cents for overhead spending.
YWCA Toronto has $12.3m in liquid assets and $58.3m in interest-bearing debts creating a negative program cost coverage ratio of ($45.9m) These debts mainly represent mortgages to finance its shelters and facilities. Excluding debts, YWCA Toronto could cover 32% or almost four months of program costs. In F2023, YWCA Toronto had a deficit of $312k and spent $1.6m on capital expenditures.
YWCA Toronto paid external fundraisers $10k in F2023 to raise $5k for a cost of $2.23 per dollar raised.
YWCA Toronto did not report employee compensation for F2023 in its T3010. The most recent data used is from F2022.
This charity profile is an update that has been sent to Young Women's Christian Association of Greater Toronto for review. Changes and edits may be forthcoming.
Updated on June 27, 2024 by Alexia Tudose.
Financial Review
Fiscal year ending December
|
2023 | 2022 | 2021 |
---|---|---|---|
Administrative costs as % of revenues | 11.2% | 9.9% | 10.5% |
Fundraising costs as % of donations | 28.4% | 21.6% | 27.5% |
Total overhead spending | 39.7% | 31.5% | 38.0% |
Program cost coverage (%) | (117.9%) | (131.3%) | (148.1%) |
Summary Financial StatementsAll figures in $000s |
2023 | 2022 | 2021 |
---|---|---|---|
Donations | 4,468 | 4,733 | 3,987 |
Government funding | 30,560 | 29,083 | 28,005 |
Fees for service | 799 | 701 | 106 |
Business activities (net) | 6,347 | 5,657 | 4,198 |
Special events | 560 | 653 | 520 |
Investment income | 1,052 | (391) | 1,107 |
Other income | 1,231 | 852 | 404 |
Total revenues | 45,017 | 41,289 | 38,327 |
Program costs | 38,959 | 36,280 | 32,103 |
Administrative costs | 4,941 | 4,115 | 3,923 |
Fundraising costs | 1,429 | 1,165 | 1,238 |
Total spending | 45,330 | 41,560 | 37,264 |
Cash flow from operations | (312) | (272) | 1,063 |
Capital spending | 1,620 | 1,688 | 2,669 |
Funding reserves | (45,934) | (47,630) | (47,552) |
Note: Ci adjusted for amount received for restricted capital and amortization of deferred capital contributions, affecting Canadian donations by ($737k) in F2023, ($689k) in F2022, ($168k) in F2021. Ci removed amortization of deferred capital contributions from government revenue, affecting total revenues by ($1.0m) in F2023, ($1.0m) in F2022, and ($947k) in F2021. Ci adjusted for deferred contributions related to December 6 Fund, affecting total revenues by ($561k) in F2023, ($268k) in F2022, and ($178k) in F2021. Ci reported Women of Distinction fundraising revenues as special events revenue. Ci removed interest income on below market loans from government funding and reported it as interest income.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
1 |
$160k - $200k |
0 |
$120k - $160k |
1 |
$80k - $120k |
8 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2022
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Comments & Contact
Comments added by the Charity:
Charity Contact
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