355 Adelaide Street West
Toronto, ON M5V 1S2
President & CEO: Marina Glogovac
Board Chair: Sue Tomney

Charitable Reg. #:89566 8417 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

[Charity Rating: 4/4]

✔+

FINANCIAL TRANSPARENCY

Audited financial statements for current and previous years available on the charity’s website.

A

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.

96%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 96 cents are available for programs.



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Programs

About CanadaHelps:

Founded in 2000, CanadaHelps simplifies donations to charities by providing an online platform to donate through. CanadaHelps’ services include donation processing and disbursements, and fundraising platforms for charities. CanadaHelps receives donations on behalf of charities across Canada. CanadaHelps distributes the money received (less a fee) to the charity that it was intended for and provides the donor with a tax receipt.  

In F2018, CanadaHelps facilitated $151m in donations, taking its cumulative total since it started to over one billion dollars. CanadaHelps hopes to allow charities to increase effectiveness by streamlining the donation process. The charity reports that charities with under 10 staff rely much more heavily on donations than large charities and on average, donations make up 57% of revenues. In contrast, large charities (over 200 staff), donations only make up 12% of total revenues.

Through CanadaHelps, Canadians can donate to any one of the over 86,000 charities in Canada. CanadaHelps states that over 19,000 of these charities are dependent on its fundraising services. In F2018, 1,400 more charities partnered with CanadaHelps for fundraising needs. CanadaHelps collected donations from 89,899 different people in 2018, a 16% increase from 2017. 

CanadaHelps provides a variety of services to charities which include customizable donation forms, ticketed event management, peer-to-peer social fundraising, security donations (stocks), one-time donations, and monthly donations. To cover its costs, CanadaHelps collects a portion of donations/revenue received ranging from 2% (security donations over $100k) to 4.9% (peer-to-peer social fundraising) with the average being 3.7%.

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Finances

CanadaHelps is one of Canada’s largest charities in terms of donations, a Major 100, with donations of $157.7m in F2018. This is a 14% increase from F2017. In F2018, CanadaHelps distributed $151.3m in donor-designated grants. The charity’s fundraising and administrative costs are equal to 4.1% of revenues in F2018. For every dollar donated, $.96 go to its grants. This is lower than Ci’s reasonable range for overhead spending, although given the nature of this charity, this does not raise any concerns.  CanadaHelps has funding reserves of $1.4m. This can cover two and a half months of fundraising and administrative expenses at the F2018 level. 

This is a profile update that has been sent to CanadaHelps for review. Changes and edits may be forthcoming.

Updated on July 11, 2019 by Stefan Tetzlaff.

Financial Review


Financial Ratios

Fiscal year ending June
201820172016
Fundraising & admin costs as % of revenues 4.1%3.9%3.8%
Program cost coverage (%) 0.0%0.0%0.0%

Summary Financial Statements

All figures in $000s
201820172016
Donations 157,661138,271115,368
Goods in kind 405767
Government funding 135136155
Fees for service 2031648
Investment income 684124
Other income 178182137
Total revenues 158,285139,197115,759
Donor-designated donations 151,286132,907109,657
Fundraising & administrative costs 6,4935,4104,389
Cash flow from operations 5055351,713
Capital spending 000
Funding reserves 1,4301,6531,230

Note:  CanadaHelps changed auditors in F2018, Ci is reporting the restated numbers for F2017. F2016 may not comparable

Salary Information

Full-time staff: 38

Avg. Compensation $79,323

Top 10 staff salary range

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
2
$120k - $160k
3
$80k - $120k
4
$40k - $80k
0
< $40k
0

Information from most recent CRA Charities Directorate filings for F2018

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Comments & Contact

Comments added by the Charity:

No comments have been added by charity

Charity Contact

Website: www.canadahelps.org
This email address is being protected from spambots. You need JavaScript enabled to view it.

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