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.
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.
58%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 58 cents are available for programs.
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OVERVIEW
About Hockey Helps the Homeless:
Hockey Helps the Homeless is a 2-star charity. It has a below-average reporting grade and overhead costs outside Ci's reasonable range. Charity Intelligence has not assessed (n/r) Hockey Helps the Homeless' impact.
Founded in 1996, Hockey Helps the Homeless (HHH) takes advantage of Canadians’ passion for hockey to raise money for homeless charities. HHH organizes Pro-Am tournaments that connect hockey pros and fans together in tournaments. With the money raised, HHH's goal is to end homelessness in communities across Canada, which it attempts to achieve through funding and partnering with other local agencies that provide housing and support for the homeless. Its head office is in Richmond Hill, Ontario.
In F2021, HHH hosted tournaments in Barrie, Toronto, Calgary, Durham, Edmonton, Halifax, London, Montreal, Vancouver, Waterloo, Winnipeg, and York. It also hosted tournaments for university students at three Ontario universities and colleges: Queen's University, Durham College, and Western University.
By registering as a player or a team, donors play at least three games with two retired NHL or Olympic pros on their team. Players can register in competitive, recreational, or 50-plus tournaments depending on their skill level and desired intensity of play. Some pros participating in the F2021 tournament included Glenn Anderson, Nik Antropov, DaveBabych, and Patrice Brisebois.
The charity had not released a 2022 Annual Report at the time of this profile. Thus, information provided is primarily from F2021, while the financial information is from F2022.
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Results and Impact
For the Support program, in F2021, Hockey Helps the Homeless’ funding helped VETS Canada support 200 veterans in crisis in the Halifax Area. In F2021, the charity also funded The Mustard Seed to provide about 100 individuals per day with a daily food program and emergency support in Edmonton.
For the Housing program, in F2021, HHH funded The Salvation Army in Vancouver, providing a safe place of refuge for over 200 adults every night with free and nutritious meals for up to 400 men, women and children. In Halifax, the charity helped Adsum to house 120 people every day in F2021.
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Finances
Hockey Helps the Homeless received donations and tournament income of $4.7m in F2022. In F2022, the charity donated $3.0m to the homeless, an increase of 147% compared to F2021 (with grants of $1.2m). Administrative costs are 13% of revenues (excluding investment income) and fundraising costs are 29% of donations. This leads to overhead spending of 42%. For every dollar donated, 58 cents go to the cause. This is outside Ci’s reasonable range.
In F2022, HHH had $2.0m in reserve funds. The charity could cover 8 months of its annual program costs with current reserves.
This charity report is an update that is currently being reviewed by Hockey Helps the Homeless. Changes and edits may be forthcoming.
Updated on May 29, 2023 by Krystie Nguyen.
Financial Review
Fiscal year ending June
|
2022 | 2021 | 2020 |
|---|---|---|---|
| Administrative costs as % of revenues | 12.9% | 13.4% | 17.3% |
| Fundraising costs as % of donations | 28.7% | 15.1% | 28.6% |
| Total overhead spending | 41.5% | 28.5% | 45.8% |
| Program cost coverage (%) | 67.8% | 177.5% | 50.2% |
Summary Financial StatementsAll figures in $s |
2022 | 2021 | 2020 |
|---|---|---|---|
| Donations | 523,141 | 575,000 | 230,000 |
| Government funding | 45,973 | 214,618 | 93,945 |
| Special events | 4,119,089 | 2,376,834 | 3,665,003 |
| Total revenues | 4,688,203 | 3,166,452 | 3,988,948 |
| Grants | 3,009,751 | 1,220,108 | 2,856,108 |
| Administrative costs | 603,686 | 424,257 | 689,434 |
| Fundraising costs | 1,330,117 | 444,457 | 1,112,446 |
| Total spending | 4,943,554 | 2,088,822 | 4,657,988 |
| Cash flow from operations | (255,351) | 1,077,630 | (669,040) |
| Capital spending | 12,503 | 7,796 | 11,683 |
| Funding reserves | 2,040,366 | 2,166,134 | 1,434,781 |
Note: Ci reported the supplies and funding donated for the homeless as part of expenses, increasing the total expenses by $3.0m in F2022, $1.2m in F2021, and $2.9m in F2020. Ci removed amortization from administration and fundraising costs pro-rata.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
1 |
$40k - $80k |
8 |
< $40k |
1 |
Information from most recent CRA Charities Directorate filings for F2022
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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: 905-943-4250