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.
95%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 95 cents are available for programs.
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OVERVIEW
About Church of Jesus Christ of Latter-Day Saints in Canada:
The 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 197,700 members in Canada, accounting for 0.54% of the country’s population. The Church has informally been referred to as Mormon Church or LDS, but these titles are discouraged.
The Church of Jesus Christ of Latter-day Saints in Canada is part of the worldwide religion which is headquartered in Utah. In Canada, there are 492 congregations and eight temples. Young men and women serve as volunteer missionaries and pay for their own expenses during that time. Men aged 18 to 25 serve for two years and women aged 19 to 39 serve for 18 months.
In F2018, The Church of Jesus Christ in Canada granted $110m 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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Finances
This financial review reflects the most recent statements available to Ci at the time of this report, F2017 data from unaudited statements released by the CRA.
The Church of Jesus Christ of Latter-day Saints is one of the largest charities in Canada in terms of donations, a Major 100 charity, receiving donations of $173.8m in F2017. Administrative costs are 5% of revenues and the Church reports that it has zero fundraising costs. For every dollar donated, 95 cents go to the cause, which is within Ci’s reasonable range for overhead spending. The Church of Jesus Christ has $110.5m in funding reserves which could cover nine months of program costs.
This charity profile has been sent to The Church of Jesus Christ of Latter-day Saints for review. Changes and edits may be forthcoming.
Created on June 13, 2019 by Madison Kerr.
Financial Review
Fiscal year ending December
|
2017 | 2016 | 2015 |
|---|---|---|---|
| Administrative costs as % of revenues | 5.0% | 5.7% | 5.2% |
| Fundraising costs as % of donations | 0.0% | 0.0% | 0.0% |
| Program cost coverage (%) | 80.4% | 68.9% | 124.1% |
Summary Financial StatementsAll figures in $000s |
2017 | 2016 | 2015 |
|---|---|---|---|
| Donations | 173,811 | 171,090 | 176,392 |
| Investment income | 2,215 | 1,850 | 1,910 |
| Other income | 4,069 | 3,645 | 15,189 |
| Total revenues | 180,095 | 176,585 | 193,491 |
| Program costs | 58,790 | 48,048 | 45,995 |
| Grants | 78,634 | 109,875 | 63,378 |
| Administrative costs | 8,947 | 9,957 | 9,987 |
| Fundraising costs | 0 | 0 | 0 |
| Other costs | 22,108 | 19,677 | 17,058 |
| Total spending | 200,780 | 219,465 | 167,891 |
| Cash flow from operations | 11,616 | (10,972) | 57,073 |
| Funding reserves | 110,465 | 108,825 | 135,731 |
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 F2016
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Comments & Contact
Comments added by the Charity:
Charity Contact
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