YMCA of Greater Vancouver
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.
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.
87%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 87 cents are available for programs.
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OVERVIEW
About YMCA of Greater Vancouver:
YMCA of Greater Vancouver is a 3-star charity with a below average results reporting grade. It is financially transparent and its overhead costs are within Ci's reasonable range for overhead spending. The charity's funding reserves can cover annual program costs for 1.4 years.
Founded in 1886, the YMCA of Greater Vancouver (YMCA Vancouver) aims to strengthen communities by engaging children and families. YMCA Vancouver operates across the Lower Mainland region of British Columbia. It has three main focus areas: helping children and families thrive, promoting healthy living, and fostering belonging and connection. YMCA Vancouver believes that community programs are crucial to helping children, adults, and seniors reach their full potential.
YMCA of Greater Vancouver offers programs and services at more than 220 sites, with locations in Vancouver, Chilliwack, Richmond, and more. YMCA Vancouver works with community partners to deliver its services. The charity’s programs include childcare, health and fitness, mental wellness, employment services, immigrant services, youth programs, summer camps, networking groups, and private events. In F2021, the charity provided 500 new childcare spaces for families and children.
In F2021, YMCA Vancouver’s Digital Literacy Exchange program delivered 6,711 services to seniors and newcomers. The charity’s immigrant services program helped 4,000 temporary foreign workers receive access to critical services and YMCA programs.
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Results and Impact
In F2021, YMCA Vancouver provided $539,916 in direct financial assistance to 3,095 people in need. This equates to roughly $174 a person.
While Ci highlights these key results, they may not be a complete representation of YMCA of Greater Vancouver’s results and impact.
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Finances
Ci consolidated the financial statements of YMCA of Greater Vancouver, YMCA of Greater Vancouver Foundation, and YMCA of Greater Vancouver Properties Foundation.
YMCA Vancouver received donations of $3.3m in F2021. It also received $17.7m in fees for services (29% of total revenues), $25.8m in government grants (42% of total revenues), and $5.0m in business or rental income (8% of total revenues). Administrative costs are 7% of total revenues (less investment income and fundraising costs are 5% of donations. For every dollar donated, 87 cents go to its programs. This falls within Ci’s reasonable range for overhead spending.
YMCA Vancouver and its foundations have $73.6m in total funding reserves, of which $13.1m is donor-endowed. Excluding donor-endowed funds, YMCA Vancouver can cover 1.4 years of program costs.
This charity report is an update that has been sent to YMCA of Greater Vancouver. Changes and edits may be forthcoming.
Updated on August 24, 2022 by Emma Saganowich.
Financial Review
Fiscal year ending December
|
2021 | 2020 | 2019 |
|---|---|---|---|
| Administrative costs as % of revenues | 7.2% | 6.5% | 7.5% |
| Fundraising costs as % of donations | 5.4% | 11.2% | 9.2% |
| Total overhead spending | 12.5% | 17.7% | 16.7% |
| Program cost coverage (%) | 140.8% | 160.5% | 127.0% |
Summary Financial StatementsAll figures in $000s |
2021 | 2020 | 2019 |
|---|---|---|---|
| Donations | 3,286 | 2,520 | 4,338 |
| Government funding | 25,846 | 25,567 | 14,714 |
| Fees for service | 17,734 | 15,450 | 33,246 |
| Business activities (net) | 4,987 | 5,215 | 4,335 |
| Investment income | 9,563 | 6,353 | 8,022 |
| Other income | 87 | 14 | 70 |
| Total revenues | 61,503 | 55,119 | 64,725 |
| Program costs | 43,622 | 41,974 | 50,733 |
| Grants | 16 | 12 | 11 |
| Administrative costs | 3,720 | 3,178 | 4,269 |
| Fundraising costs | 176 | 283 | 400 |
| Other costs | 995 | 1,043 | 624 |
| Total spending | 48,529 | 46,489 | 56,038 |
| Cash flow from operations | 12,973 | 8,629 | 8,687 |
| Capital spending | 4,855 | 5,476 | 23,088 |
| Funding reserves | 73,637 | 77,946 | 74,392 |
Note: Ci consolidated the audited financial statements of YMCA of Greater Vancouver, YMCA of Greater Vancouver Foundation, and YMCA of Greater Vancouver Properties Foundation. Ci excluded grants from the foundation recognized as revenue, affecting total revenues and expenses by ($836K) in F2021, ($485k) in F2020, and ($1.1m) in F2019. Ci excluded grants from the properties foundation recognized as revenue, affecting total revenues and expenses by ($3.2m) in F2021, ($3.3m) in F2020, and ($3.3m) in F2019. Ci excluded grants from the properties foundation recognized as deferred capital contributions, affecting total expenses by ($200k) in F2019. Ci excluded grants from the foundation for the “What Really Matters” capital campaign, affecting total expenses by ($600k) in F2021, ($500k) in F2020, and ($4.2m) in F2019. Ci adjusted for deferred donations, amortization of deferred capital contributions, and contributions restricted for capital purposes. This affected donations and total revenues by $2.2m in F2021, $1.2m in F2020, and $2.7m in F2019. Ci included interest expenses, affecting other expenses and total expenses by ($532k) in F2021, ($567k) in F2020, and $573k in F2019.
Salary Information
$350k + |
0 |
$300k - $350k |
1 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
5 |
$120k - $160k |
4 |
$80k - $120k |
0 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2021
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Comments & Contact
Comments added by the Charity:
The YMCA is a powerful association of people of all ages and abilities joined together by a shared commitment: to strengthen community. We accomplish this goal by helping vulnerable children and families, promoting healthy living and reducing isolation. Last year, the YMCA helped more than 120,000 children, youth, adults, families and seniors become stronger through life-enhancing programs and services. The YMCA of Greater Vancouver has been serving the Lower Mainland, Fraser Valley and Sunshine Coast for 130+ years and currently offers programs at more than 222 locations. We are accredited by the Imagine Canada Charitable Standards Program and rigorously meet 73 dimensions in the areas of board governance, financial accountability and transparency, fundraising, staff management and volunteer involvement.
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 604-939-9622