Power to Change

PO Box 300 Stn A
Vancouver, BC V6C 9Z9
President: Rod Bergen
Board Chair: Hugh Little

Website: www.p2c.com
Charitable Reg. #: 11882 7849 RR0001
Sector: Religion
Operating Charity

Results Reporting

Grade: B-

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

Financial Transparency

Audited financial statements for current and previous years available on the charity's website [Audited financial statement for most recent year]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Cents to the Cause

2014 2015 2016
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #440

Avg. Compensation $43,396

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 2
$80k - $120k 8
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2016

About Power to Change:

Power to Change (PTC) was founded in 1967 as Campus Crusade for Christ Canada (based on the original UCLA Campus Crusade), to proclaim the Gospel in the power of the Holy Spirit and leave the results to God. It is an evangelical missionary charity seeking to convert people to Christianity. Its goal is to motivate people as they discover Jesus and be inspired to help others to create, innovate and change the world. PTC seeks to help Canadians know that their lives matter and they can make a difference.

Power to Change is a community of believers who, by serving the Church and others, mobilize people to live a life of faith. Through 11 ministries working in different areas of society, PTC has designed unique programs to engage people around the world. Its desire is to address people’s most relevant needs – whether they’re struggling for basic survival, their marriage is falling apart, or they’re dealing with the pressures of a failing business. Power to Change wants to help people discover the difference a relationship with Jesus Christ can make in their lives.

Financial Review:

Power to Change Ministries is a Major 100 charity with total donations of $36.7m in F2016. Its administrative costs were 4% of revenues. Its fundraising costs were 9% of donations. For every $1 donated to the charity, 87 cents go towards PTC’s programs, falling within Ci’s reasonable range. PTC had funding reserves in F2016 of $203k. This results in a program cost coverage ratio of 1% indicating a need for funding.

In F2015, Power to Change’s financials were restated by its long-time auditor, KPMG. In the restatement, KPMG discovered $1.5m in cash and $16.7m in total assets. This increased PTC’s cash from $290k to $1.8m, and increased PTC’s total assets from $1.8m to $18.4m.

The charity report is an update that is being reviewed by Power to Change. Changes and edits may be forthcoming.

Updated on June 3, 2017 by Kevin Silberberg. 

Financial Ratios

Fiscal year ending June
Administrative costs as % of revenues 3.7%4.8%5.1%
Fundraising costs as % of donations 9.0%8.6%12.0%
Program cost coverage (%) 0.7%(2.3%)-0.4%

Summary Financial Statements

All figures in $000s
Donations 32,22730,71628,952
Goods in kind 1371300
Government funding 7881750
Business activities (net) 2,4541,6321,808
Investment income 11512
Other income 1,0696731,215
Total revenues 36,68433,37831,978
Program costs - International 3,6133,1083,158
Program costs - Canada 27,63226,07022,920
Donor-designated donations 00624
Administrative costs 1,3491,5911,629
Fundraising costs 2,8882,6333,480
Other costs 1591590
Cash flow from operations 1,043(184)166
Funding reserves 203(676)(95)

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