Multiply
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
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.
90%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 90 cents are available for programs.
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OVERVIEW
About Multiply:
Founded in 1883 by the Mennonite Brethren Church, Multiply Network, previously known as MB Mission, is a missionary organization whose primary focus is to “multiply disciples and churches together that the world may know Jesus.” Multiply sends out mission workers to spread Christianity and focuses on planting churches that will, in turn, evangelize to their communities.
Multiply runs international missions that address every step of the process from planting churches, to helping international churches prepare to launch their own missions. In F2020, Multiply planted 377 churches in partnership with Multiply USA (245 in F2019). Of these churches, 160 are in South Asia and 102 are in sub-Saharan Africa. 463 people participated in Multiply’s training for missionary work in F2020.
Multiply also provides scholarships to young people around the world who want to work in ministry.
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Results and Impact
Multiply baptized 5,560 people in F2020 (5,646 in F2019).
While Ci highlights these key results, they may not be a complete representation of Multiply Network’s results and impact.
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Finances
Multiply Network received donations of $8.0m in F2020. Its administrative costs are 9% of revenues, and its fundraising costs are 1% of donations. This results in total overhead spending of 10%. For every dollar donated, 90 cents go towards Multiply’s programming, falling within Ci’s reasonable range for overhead spending.
Multiply Network has $5.7m in total funding reserves, of which $228k is donor-endowed, resulting in a program cost coverage ratio, excluding donor-endowed funds, of 66%. This means that Multiply can cover 8 months of its annual program costs using its existing reserves.
This charity report is an update that is being reviewed by Multiply. Changes and edits may be forthcoming.
Updated July 5, 2021 by Asha McMullin.
Financial Review
Fiscal year ending May
|
2020 | 2019 | 2018 |
---|---|---|---|
Administrative costs as % of revenues | 8.7% | 6.7% | 6.5% |
Fundraising costs as % of donations | 1.0% | 1.1% | 0.9% |
Total overhead spending | 9.7% | 7.7% | 7.4% |
Program cost coverage (%) | 70.9% | 47.1% | 91.1% |
Summary Financial StatementsAll figures in $000s |
2020 | 2019 | 2018 |
---|---|---|---|
Donations | 7,972 | 11,211 | 9,776 |
Government funding | 615 | 0 | 0 |
Investment income | 164 | 147 | 191 |
Total revenues | 8,750 | 11,358 | 9,966 |
Program costs - International | 5,383 | 5,334 | 4,935 |
Program costs - Canada | 2,843 | 5,703 | 3,991 |
Administrative costs | 751 | 747 | 636 |
Fundraising costs | 78 | 118 | 84 |
Total spending | 9,055 | 11,902 | 9,646 |
Cash flow from operations | (305) | (544) | 320 |
Capital spending | 13 | 13 | 0 |
Funding reserves | 6,049 | 5,421 | 8,349 |
Note: Ci has included revenue and expenses from discontinued programs in its financial analysis affecting revenues by $507k in F2020 and $2.1m in F2019 and expenses by $809k in F2020 and $3.0m in F2019. Ci has also reported a large one-time donation in its analysis, increasing revenues by $1.0m in F2018.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
3 |
$80k - $120k |
7 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2020
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Comments & Contact
Comments added by the Charity:
Charity Contact
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