SIM Canada
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.
D
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.
86%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 86 cents are available for programs.
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Programs
About SIM Canada:
SIM Canada is the Canadian division of Serving in Mission (SIM) International, which was founded in 1893. SIM sends missionaries to over 70 countries, and states that the charity’s purpose is that “no one should live and die without hearing God's good news, we believe that He has called us to make disciples of the Lord Jesus Christ in communities where he is least known.”
In addition to missionary services, SIM Canada runs development projects. For example, SIM Canada’s Salt and Light as Mechanics (SALAM) project “trains disadvantaged young men to become productive members of their families, fellowships, and communities” though vocational training and a choice of mechanics focus including welding and motor mechanics.
Since inception, SIM International has sent 12,000 missionaries to 70 countries. SIM International claims that because of its services, over 9 million people have become believers and more than 18,000 churches have been established.
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Finances
SIM Canada is a large charity, receiving $10.9m in donations in F2017, including $996k in donations from outside of Canada. Administrative costs are 13% of revenues (excluding investment income), and it fundraising costs are 1% of donations. For every dollar donated, 87 cents go towards SIM Canada’s programs, which is within Ci’s reasonable range for overhead spending. SIM Canada has total funding reserves of $9.0m, which can cover 1 year of its annual program costs.
This charity report is an update that was sent to SIM Canada for review. Changes and edits may be forthcoming.
Updated July 15, 2019 by Caroline McKenna.
Financial Review
Fiscal year ending September
|
2017 | 2016 | 2015 |
|---|---|---|---|
| Administrative costs as % of revenues | 12.9% | 12.6% | 13.6% |
| Fundraising costs as % of donations | 1.0% | 0.7% | 1.2% |
| Total overhead spending | 13.9% | 13.4% | 14.7% |
| Program cost coverage (%) | 96.1% | 100.5% | 96.0% |
Summary Financial StatementsAll figures in $000s |
2017 | 2016 | 2015 |
|---|---|---|---|
| Donations | 9,910 | 9,676 | 9,661 |
| International donations | 996 | 993 | 998 |
| Investment income | 216 | 514 | 91 |
| Other income | 104 | 101 | 94 |
| Total revenues | 11,225 | 11,284 | 10,845 |
| Program costs - International | 8,967 | 8,484 | 8,211 |
| Program costs - Canada | 413 | 475 | 471 |
| Administrative costs | 1,422 | 1,361 | 1,458 |
| Fundraising costs | 101 | 69 | 112 |
| Total spending | 10,903,000 | 10,388,000 | 10,251,600 |
| Cash flow from operations | 323 | 896 | 593 |
| Capital spending | 35 | 161 | 90 |
| Funding reserves | 9,014 | 9,006 | 8,335 |
Note: To report on a cash basis, amortization of property and equipment was removed from administrative costs.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
1 |
$40k - $80k |
9 |
< $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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