Shine Foundation
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔
FINANCIAL TRANSPARENCY
Most recent Audited financial statements 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.
7%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 7 cents are available for programs.
My anchor
OVERVIEW
About Shine Foundation:
Shine Foundation is a one-star charity. It has an average results reporting grade and is financially transparent. It is a one-star charity due to its very high overhead costs, which are outside Ci's reasonable range.
Founded in 1987, Shine Foundation grants wishes for those with severe physical disabilities. The charity states that young Canadians with severe physical disabilities face challenges of social isolation, financial stress, and anxiety. The goal of these wishes is to help youth gain confidence and feel empowered. Since 1987, Shine Foundation reports it has provided over 8,800 wishes. Charity Intelligence calculates it spent $1.2m on its programs in F2023.
Sunshine Dreams are available to those aged 11-21 with severe physical disabilities. Shine Foundation provides youth with an experience or items that fit their individual wish. These wishes can be anything from physical exercise equipment to meeting a hero. In F2023, Shine Foundation granted 61 wishes.
Shine Foundation paused running its DreamLift program in 2023 until further notice. This program transported a plane of Shine youth to Disney theme parks and back in one day. Since 1987, Shine Foundation reports it has coordinated 64 DreamLifts.
Using the F2023 total expenses, the average total cost of a Sunshine Dream experience per youth was $36,634. Shine Foundation reports that approximately 60,000 youth across Canada qualify for a Shine experience.
My anchor
Results and Impact
Shine Foundation provided a new racing chair to a wheelchair racer. Using the new chair they broke two personal best records. They also can train longer free of pain.
This may not be a complete representation of Shine Foundation’s results.
Charity Intelligence has given Shine Foundation a Low impact rating based on demonstrated impact per dollar spent.
My anchor
Finances
In F2023 Shine Foundation received $1.1m in cash donations. Administrative costs are 13% of revenues (excluding investment income). Fundraising costs are 81% of donations. This results in total overhead spending of 93%. For every dollar donated, seven cents are available to go to the cause. This falls outside Ci’s reasonable range for overhead spending. Sunshine Foundation has been outside Ci’s reasonable range in all 11 years of Ci reporting.
In F2023 Shine Foundation spent $1.2m on its programs, which is 85% of its revenue. In F2023 it had a deficit of $812k, digging into its reserves to fund programs.
Shine Foundation has $3.9m in net funding reserves. Excluding $2.9m in donor-endowed funds, the net funding reserves can cover 93%, or eleven months of program costs.
Shine Foundation has total investments of $3.3m. 50% is in equities, 40% in bonds and 9% is in guaranteed investment certificates (GICs). In F2023, the annual return on investment for Shine Foundation was 7%. Its four-year annual return on investment is 4%.
This charity report is an update that has been sent for review to Shine Foundation. Changes and edits may be forthcoming.
Updated on June 21, 2024, by Grady Simpson.
Financial Review
Fiscal year ending December
|
2023 | 2022 | 2021 |
|---|---|---|---|
| Administrative costs as % of revenues | 12.7% | 9.8% | 9.5% |
| Fundraising costs as % of donations | 80.6% | 47.1% | 30.0% |
| Total overhead spending | 93.3% | 56.8% | 39.5% |
| Program cost coverage (%) | 93.1% | 198.9% | 413.5% |
Summary Financial StatementsAll figures in $s |
2023 | 2022 | 2021 |
|---|---|---|---|
| Donations | 1,091,330 | 1,203,358 | 1,743,537 |
| Lotteries (net) | 91,075 | 61,364 | 127,323 |
| Investment income | 240,363 | (299,431) | 384,639 |
| Total revenues | 1,422,768 | 965,291 | 2,255,499 |
| Program costs | 1,205,422 | 1,040,496 | 671,717 |
| Administrative costs | 149,811 | 123,621 | 176,900 |
| Fundraising costs | 879,434 | 566,294 | 523,251 |
| Total spending | 2,234,667 | 1,730,410 | 1,371,868 |
| Cash flow from operations | (811,899) | (765,119) | 883,631 |
| Capital spending | 10,883 | 15,058 | 3,027 |
| Funding reserves | 3,904,539 | 4,637,784 | 5,391,175 |
Note: AMORTIZATION: Ci removed amortization on a pro rata basis from program, administrative and fundraising costs in F2023, F2022 and F2021. LOTTERIES: Ci reported lottery income net of expenses. This decreased total revenues and expenses by $84k in F2023, $135k in F2022, and $71k in F2021. Ci removed lottery expenses from fundraising and administrative costs 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 |
1 |
$40k - $80k |
4 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2023
My anchor
Comments & Contact
Comments added by the Charity:
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 519-642-0990