Ve'ahavta
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.
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.
79%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 79 cents are available for programs.
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OVERVIEW
About Ve'ahavta:
Ve'ahavta is a 4-star, financially transparent charity. Its results reporting score is B, which is average. Its overhead spending is within Ci’s reasonable range. Its reserve funds can cover two years and eleven months of annual program costs.
Founded in 1996, Ve'ahavta: The Canadian Jewish Humanitarian & Relief Committee (Ve'ahavta) is a Toronto-based Jewish charity that works against homelessness. It reports that homelessness in Toronto has doubled since 2013. The city does not have enough shelter beds to meet the need. The charity serves individuals of all faiths and backgrounds.
Ve'ahavta operates three main programs: Essential Skills, Emergency Services, and Paid Internship Positions.
Essential Skills were 38% of program spending in F2023. It operates two free, nine-week digital programs to build digital literacy, career management, and personal development. One of these programs is specifically designed for individuals who identify as women. In F2023, Ve'ahavta reported 274 program graduates.
Emergency Services were 36% of program spending in F2023. It operates an outreach van that distributes supplies in downtown Toronto and Scarborough. It also provides an online program to teach life skills. In F2023, the van made 61,658 service visits. Across these visits, it distributed:
- 70,329 meals,
- 61,315 pieces of clothing,
- 24,212 hygiene supplies,
- 1,240 sleeping bags, and
- 5,448 harm reduction kits.
Paid Internship Positions were 26% of program spending in F2023. It provides paid work experience to those unemployed or experiencing poverty. The positions are in warehouse management and food service. Participants train for four months, and then some are selected to fill paid positions.
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Results and Impact
Ve'ahavta reported that 22% of its Essential Skills program graduates became employed either full- or part-time within 6 months.
While Ci highlights these key results, they may not be a complete representation of Ve'ahavta’s results and impact. This charity is not yet rated on impact (n/r).
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Finances
Ve'ahavta received $2.8m in donations in F2023. It also received $502k in government funding. Administrative costs were 12% of revenues. Fundraising costs were 10% of donations. Total overhead spending was 21%. For every dollar donated, 79 cents are available to go to the cause. This is within Ci’s reasonable range for overhead spending.
Ve'ahavta had $7.8m in funding reserves in F2023. These can cover two years and eleven months of annual program costs.
This charity report is an update that has been sent to Ve'ahavta for review. Changes and edits may be forthcoming.
Updated on June 12, 2024 by Stellar Zhang.
Financial Review
Fiscal year ending December
|
2023 | 2022 | 2021 |
|---|---|---|---|
| Administrative costs as % of revenues | 11.6% | 5.0% | 8.8% |
| Fundraising costs as % of donations | 9.8% | 6.0% | 4.8% |
| Total overhead spending | 21.4% | 11.0% | 13.6% |
| Program cost coverage (%) | 294.2% | 310.5% | 290.2% |
Summary Financial StatementsAll figures in $s |
2023 | 2022 | 2021 |
|---|---|---|---|
| Donations | 2,784,019 | 5,977,295 | 5,416,055 |
| Goods in kind | 0 | 0 | 0 |
| Government funding | 502,378 | 448,902 | 770,223 |
| Investment income | 641,649 | (197,476) | 54,907 |
| Total revenues | 3,928,046 | 6,228,721 | 6,241,185 |
| Program costs | 2,641,645 | 2,489,807 | 1,704,849 |
| Administrative costs | 381,300 | 319,718 | 546,459 |
| Fundraising costs | 273,160 | 360,290 | 260,146 |
| Other costs | 165,323 | 0 | 0 |
| Total spending | 3,461,428 | 3,169,815 | 2,511,454 |
| Cash flow from operations | 466,618 | 3,058,906 | 3,729,731 |
| Capital spending | 1,188 | 19,765 | (898,480) |
| Funding reserves | 7,772,665 | 7,729,612 | 4,946,687 |
Note: Ci adjusted for deferred donations, affecting revenues by ($309k) in F2023, ($356k) in F2022, and ($576k) in F2021. Ci also adjusted for deferred capital contributions, affecting revenues by ($47k) in F2023, ($52k) in F2022, and ($52k) in F2021. In F2023, Ve’ahavta switched auditors, leading to a restatement of its F2022 finances. At the time of this report, the charity’s T3010 filing for F2023 had not yet been made available. This may lead to minor inconsistencies.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
1 |
$120k - $160k |
0 |
$80k - $120k |
3 |
$40k - $80k |
6 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2022
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Comments & Contact
Comments added by the Charity:
Charity Contact
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