Hockey Helps the Homeless
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.
57%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 57 cents are available for programs.
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Programs
About Hockey Helps the Homeless:
Founded in 2000, Hockey Helps the Homeless (HHH) harnesses Canada's passion for hockey to raise money for homeless charities. HHH organizes Pro-Am tournaments that connect hockey pros and fans together in hockey tournaments. With the money raised, HHH's goal is to end homelessness in communities across Canada.
In fiscal 2018, HHH hosted tournaments in Barrie, Montreal, Toronto, London, Edmonton, Kitchener-Waterloo, Calgary, Markham, and Vancouver. It also hosted tournaments for university students at 3 Ontario universities and colleges: Queen's University, Durham College, and Western University.
By registering as a player or a team, donors play a minimum of 3 games with 2 retired NHL or Olympic pros on their team. Players can register in the competitive, recreational or 50-plus tournaments depending on their skill level and desired intensity of play. Some of the pros participating in the 2017 tournament include NHL alumni Wendel Clark, Gilbert Dionne, and Brad May. Olympians participating include Meaghan Mikkelson, Natalie Spooner and Erin Ambrose.
In fiscal 2018, 2016 Hockey Helps the Homeless made grants to 43 homeless charities including $260k to Eva's in Toronto, and $220k to 360 Kids in Markham. HHH ensures that funds raised in a community are spent in the same community. Hockey Helps the Homeless grants to many of the best known Canadian homeless charities.
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Finances
Hockey Helps the Homeless is a medium-sized charity with donations and tournament income of $4.2m in F2018. $400k of donations are from corporate sponsorships. In F2016, administrative costs are 15% of revenues and fundraising costs were 28% of donations. As a fundraising charity focused on events, HHH spending on overhead is 43%. For every $1 donated, 57 cents went to the cause. This is outside what Charity Intelligence considers a reasonable range for overhead spending.
Funding reserves in F2016 total $1.3m that could cover 74% of its annual grants to homeless charities.
This charity report is an update that is currently being reviewed by Hockey Helps the Homeless. Changes and edits may be forthcoming.
Updated on October 8, 2019 by Kate Bahen.
Financial Review
Fiscal year ending June
|
2018 | 2017 | 2016 |
|---|---|---|---|
| Administrative costs as % of revenues | 14.9% | 16.1% | 17.9% |
| Fundraising costs as % of donations | 27.8% | 29.3% | 32.7% |
| Total overhead spending | 42.6% | 45.3% | 50.6% |
| Program cost coverage (%) | 74.3% | 84.8% | 8.2% |
Summary Financial StatementsAll figures in $s |
2018 | 2017 | 2016 |
|---|---|---|---|
| Donations | 435,000 | 392,415 | 339,586 |
| Special events | 3,812,734 | 3,124,155 | 3,138,986 |
| Total revenues | 4,247,734 | 3,516,570 | 3,478,572 |
| Grants | 1,821,828 | 1,127,209 | 1,914,893 |
| Administrative costs | 631,454 | 564,689 | 624,005 |
| Fundraising costs | 1,179,396 | 1,029,890 | 1,137,486 |
| Total spending | 3,647,490 | 3,730,150 | 3,684,200 |
| Cash flow from operations | 615,056 | 794,782 | (197,812) |
| Capital spending | 58,986 | 3,301 | 0 |
| Funding reserves | 1,354,316 | 955,788 | 157,669 |
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
1 |
$40k - $80k |
6 |
< $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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