Church of Jesus Christ of Latter-Day Saints in Canada
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.
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.
98%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 98 cents are available for programs.
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OVERVIEW
About Church of Jesus Christ of Latter-Day Saints in Canada:
Church of Jesus Christ of Latter-Day Saints in Canada is a 0-star charity. The Church is not financially transparent and reports very little about its programs and results. Before you give, read Charity Intelligence's report.
Church of Jesus Christ of Latter-day Saints is a Christian faith that was first brought to Canada in 1830. It spreads religious doctrines including the Old Testament, New Testament, and Book of Mormon. The Church of Jesus Christ aims to encourage education, improve employment, and assist the poor. It has more than 199,000 members in Canada, accounting for 0.53% of the country’s population. The Church has informally been referred to as Mormon Church or LDS, but these titles are discouraged.
Church of Jesus Christ of Latter-day Saints in Canada is part of the worldwide religion which is headquartered in Utah. Globally, the Church has over 30,000 congregations in over 160 countries. In Canada, there are 499 congregations and nine temples. The Church reports that it provides gospel resources and programs in 110 languages.
In F2020, Church of Jesus Christ in Canada granted $68 million to various campuses of Brigham Young University. The university is owned by the broader Church of Jesus Christ of Latter-day Saints. The main campus is in Utah with sister schools in Hawaii and Idaho.
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Results and Impact
Ci was unable to find any quantified results on Church of Jesus Christ in Canada’s website.
This may not be a complete representation of Church of Jesus Christ of Latter-Day Saints in Canada’s results and impact.
This charity is not yet rated on impact (n/r).
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Finances
Church of Jesus Christ of Latter-day Saints in Canada is not financially transparent. Financial analysis is based on unaudited and unreviewed financial statements provided by the CRA. The financial statements received from the CRA are incomplete; they do not include notes, nor a cash flow statement.
Church of Jesus Christ of Latter-day Saints in Canada is a Major 100 charity, one of Canada’s largest charities in terms of donations. It received $179m in cash donations in F2020. Church of Jesus Christ’s administrative costs are 2% of revenues (less investment income), and the Church does not report fundraising costs. For every dollar donated, 98 cents go to the cause, which is outside Ci’s reasonable range for overhead spending. When a charity reports overhead spending of less than 5%, it sometimes suggests that the numbers are inaccurate or misreported.
Church of Jesus Christ of Latter-day Saints in Canada has $107m in funding reserves. The Church could cover 87% or ten months of its annual program costs with reserves.
This charity report is an update that has been sent to The Church of Jesus Christ of Latter-day Saints for review. Changes and edits may be forthcoming.
Updated on July 11, 2022, by Sydney Olexa.
Financial Review
Fiscal year ending December
|
2020 | 2019 | 2018 |
|---|---|---|---|
| Administrative costs as % of revenues | 2.1% | 2.5% | 2.5% |
| Fundraising costs as % of donations | 0.0% | 0.0% | 0.0% |
| Total overhead spending | 2.1% | 2.5% | 2.5% |
| Program cost coverage (%) | 87.4% | 65.8% | 92.3% |
Summary Financial StatementsAll figures in $000s |
2020 | 2019 | 2018 |
|---|---|---|---|
| Donations | 179,465 | 177,674 | 178,156 |
| Investment income | 1,737 | 4,010 | 3,373 |
| Other income | 3,903 | 7,867 | 5,348 |
| Total revenues | 185,105 | 189,551 | 186,877 |
| Program costs | 54,236 | 63,422 | 55,949 |
| Grants | 67,968 | 76,764 | 72,987 |
| Administrative costs | 3,929 | 4,628 | 4,527 |
| Fundraising costs | 0 | 0 | 0 |
| Other costs | 19,117 | 43,379 | 19,485 |
| Total spending | 145,250 | 188,193 | 152,948 |
| Cash flow from operations | 39,855 | 1,358 | 33,929 |
| Funding reserves | 106,783 | 92,243 | 118,970 |
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
1 |
$120k - $160k |
9 |
$80k - $120k |
0 |
$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
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: (416) 368-2811