Salvation Army Yellowknife
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✖
FINANCIAL TRANSPARENCY
Audited financial statements available only through official request for information from Charities Directorate.
F
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.
91%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 91 cents are available for programs.
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OVERVIEW
About Salvation Army Yellowknife:
Founded in 1981, Salvation Army Yellowknife Corps is a member of Salvation Army Canada, which “exists to share the love of Jesus Christ, meet human needs, and be a transforming influence in the communities of our world.” Salvation Army Yellowknife Corps operates in three locations: Bailey House (transitional housing), a resource centre, and a thrift store. Bailey House is a 32-bed transitional home for men that helps with literacy, addiction, faith, well-being and disease prevention, relapse prevention, kitchen skills, anger management, and building healthy relationships and self-esteem. The resource centre offers various programs and services including a food bank, life-skills classes, Christmas assistance, and more. The thrift store sells low cost clothing and other items.
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Finances
As the F2018 audited financial statements were not available, Salvation Army Yellowknife Corps and Resource Centre’s CRA T3010 filing was used for this financial review.
Salvation Army Yellowknife Corps is a small charity, with total donations and special events revenues of $741k in F2018. Administrative costs are 9% of revenues (excluding investment income) and fundraising costs are less than 1% of donations. For every dollar donated, 91 cents go to the cause. This is within Ci’s reasonable range for overhead spending. Net funding reserves of $186k can cover less than one month of annual program costs.
This charity report is an update that has been sent to Salvation Army Yellowknife Corps and Resource Centre for review. Changes and edits may be forthcoming.
Updated on July 29, 2019 by Lauren Chin.
Financial Review
Fiscal year ending March
|
2018 | 2017 | 2016 |
|---|---|---|---|
| Administrative costs as % of revenues | 8.6% | 6.7% | 7.9% |
| Fundraising costs as % of donations | 0.2% | 0.2% | 0.3% |
| Total overhead spending | 8.7% | 6.9% | 8.2% |
| Program cost coverage (%) | 5.5% | (3.2%) | (19.3%) |
Summary Financial StatementsAll figures in $s |
2018 | 2017 | 2016 |
|---|---|---|---|
| Donations | 660,002 | 752,195 | 644,866 |
| Goods in kind | 13,324 | 33,827 | 91,521 |
| Government funding | 2,558,454 | 2,415,361 | 2,281,153 |
| Business activities (net) | 925,441 | 897,890 | 780,301 |
| Special events | 81,404 | 99,149 | 40,554 |
| Investment income | 9,384 | 6,642 | 6,681 |
| Total revenues | 4,248,009 | 4,205,064 | 3,845,076 |
| Program costs | 3,397,010 | 3,331,342 | 3,404,665 |
| Grants | 5,518 | 4,770 | 7,730 |
| Administrative costs | 362,617 | 280,757 | 303,768 |
| Fundraising costs | 1,200 | 1,398 | 2,111 |
| Total spending | 3,766,345 | 3,618,267 | 3,718,274 |
| Cash flow from operations | 481,664 | 586,797 | 126,802 |
| Capital spending | 60,614 | 47,006 | 23,601 |
| Funding reserves | 185,623 | (105,130) | (658,122) |
Note: Ci adjusted for amortization of capitalized assets on a pro-rata basis.
Salary Information
$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 F2018
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Comments & Contact
Comments added by the Charity:
Charity Contact
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