B'Nai Levy Foundation
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✖
FINANCIAL TRANSPARENCY
Audited financial statements available only through official request for information from Charities Directorate.
F
RESULTS REPORTING
Grade based on the charity's public reporting of the work it does and the results it achieves.
Low
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.
89%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 89 cents are available for programs.
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OVERVIEW
About B'Nai Levy Foundation:
B’Nai Levy Foundation is a 0-star charity with a Low demonstrated impact. The charity does not have a website, nor is it financially transparent. Before you give, read Charity Intelligence’s report.
Founded in 2003, B’Nai Levy Foundation collects money to support Jewish education and maintain a house of worship, a Synagogue. It aims to strengthen the spiritual, ethical, and moral values of Jewish culture. The charity is located in the Quebec community of Kiryas Tosh which is home to approximately 3,000 Hasidic Jews. B’Nai Levy Foundation operates in Canada, USA, Israel and other countries in Europe. In 2022, B’Nai Levy Foundation spent $17.3m on its programs and grants.
B’Nai Levy Foundation does not have a website. Charity Intelligence is unable to determine its mission, programs, or any quantified results.
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Results and Impact
B’Nai Levy Foundation has no website. Hence, Charity Intelligence did not find any quantified outcomes for B’Nai Levy Foundation. This may not be a complete representation of B’Nai Levy Foundation's results and impact.
Charity Intelligence has rated B'Nai Levy Foundation as Low impact based on demonstrated impact per dollar spent.
Impact Rating: Low
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Finances
B’Nai Levy Foundation is not financially transparent. This profile is based on the 2022 financial statements provided by the CRA.
In 2022, B’Nai Levy Foundation received $36.0m in donations, up 67% from $21.6m received in 2021. The charity also received $1.6m in fees for service bringing total revenues in 2022 to $37.6m. This is an alarmingly large amount of money considering how little information about the charity is publicly available.
In 2022, administrative costs are 7% of total revenues and fundraising costs are 4% of donations. For every dollar donated, 89 cents are available to go towards the cause. This is within Ci’s reasonable range for overhead spending. In 2022, B’Nai Levy Foundation spent $17.3m on its programs and granting which represents 46% of total revenue.
In 2022, B’Nai Levy Foundation had $8.6m in its reserve funds. This is enough to cover six months of annual program costs and granting.
Profile updated on July 23, 2024 by Abby Stout.
Financial Review
Fiscal year ending December
|
2022 | 2021 | 2020 |
|---|---|---|---|
| Administrative costs as % of revenues | 7.0% | 9.8% | 12.4% |
| Fundraising costs as % of donations | 3.9% | 2.2% | 1.5% |
| Total overhead spending | 10.9% | 12.1% | 13.9% |
| Program cost coverage (%) | 49.6% | (6.6%) | (16.3%) |
Summary Financial StatementsAll figures in $000s |
2022 | 2021 | 2020 |
|---|---|---|---|
| Donations | 36,038 | 21,585 | 24,813 |
| Fees for service | 1,592 | 1,893 | 2,041 |
| Total revenues | 37,631 | 23,478 | 26,854 |
| Program costs | 11,619 | 7,967 | 15,080 |
| Grants | 5,673 | 5,593 | 3,176 |
| Administrative costs | 2,640 | 2,310 | 3,335 |
| Fundraising costs | 1,387 | 484 | 359 |
| Total spending | 21,319 | 16,355 | 21,951 |
| Cash flow from operations | 16,312 | 7,123 | 4,902 |
| Capital spending | 0 | 0 | 0 |
| Funding reserves | 8,575 | (894) | (2,974) |
Note: GRANTS: Ci uses the charity’s T3010 filing labelled for grants. Grants were $5.7m in 2023, $5.6m in 2022 and $3.2m in 2021. LIABILITIES: Since no financial notes were provided in the statement, Ci was unclear on whether the long-term debt and loan payable had interest. For this reason, Ci included these loans in debts.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
0 |
$40k - $80k |
0 |
< $40k |
10 |
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: 450-419-5055