Peoples Ministries Inc.

374 Sheppard Ave East
Toronto, ON M2N 3B6

Charitable Reg. #:13063 7051 RR0001

STAR RATING

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

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FINANCIAL TRANSPARENCY

Audited financial statements available only upon request.

D

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.

91%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 91 cents are available for programs.

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Programs

About Peoples Ministries Inc.:

Peoples Ministry Inc. is a Christian charity which funds church programs, television ministry broadcasts, and overseas missionaries. It operates three programs: The Peoples Church, Living Truth, and Global Mission.

In F2018, The Peoples Church received 42% of program spending. Founded in 1928, the Peoples Church is a Christian faith offering Sunday services, faith groups, and support to parishioners at its church in Toronto. Living Truth (35% of program spending) works to spread the word of God through television, radio, website, social media, and print. It offers free online articles and videos as well as other media for a fee. In F2018, Peoples Ministry Inc. worked to support evangelism by providing 23% of program spending to Global Mission. The charity works with 46 mission agencies, supporting 221 missionaries in 38 countries.

In F2018, Peoples Ministry Inc. granted $1.5m to other Canadian charities. The largest gifts were received by Partners International/Pioneers ($384k), SIM Canada ($197k), and Mully Children's Family Canada ($128k). Partners International/Pioneers is registered under the name Arab World Ministries in Ontario and at the time of this report its charitable status had been revoked, effective since 2012.

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Finances

Peoples Ministry Inc. is a large charity with donations of $11.7m in F2018. Administrative costs are 9% of revenues and fundraising costs are less than 1% of donations. For every dollar donated, 91 cents go to the cause which is within Ci’s reasonable range for overhead spending.

Charity Intelligence has identified inconsistencies in the charity’s T3010 filings with the CRA and its financial statements. In F2017 and F2016, the charity reported having zero administrative and fundraising costs despite using external fundraisers. Ci has used F2017 administrative spending found in the notes of the charity’s financial statements and external fundraising costs reported elsewhere on the charity’s T3010.

The charity has $183k in funding reserves and $265k in bank debt, producing a negative cost coverage ratio. Excluding interest-bearing debts, the charity could cover program costs for less than a week.

This charity profile has been sent to Peoples Ministry Inc. for review. Changes and edits may be forthcoming.

Created on July 11, 2019 by Madison Kerr.

Financial Review


Financial Ratios

Fiscal year ending August
201820172016
Administrative costs as % of revenues 8.6%3.3%2.1%
Fundraising costs as % of donations 0.2%0.2%0.0%
Program cost coverage (%) -0.8%1.9%4.7%

Summary Financial Statements

All figures in $000s
201820172016
Donations 11,68812,25013,444
Government funding 03814
Business activities (net) 141262240
Investment income 0(12)2
Total revenues 11,82812,53713,700
Program costs 8,5389,9019,801
Grants 1,4911,8512,211
Administrative costs 1,018409285
Fundraising costs 18180
Cash flow from operations 7633591,403
Capital spending 000
Funding reserves (82)225564

Note: Government funding and business activities are as reported on the charity’s T3010 filing with the CRA. Business activities revenue is presented gross due to limited information regarding related expenses. Ci has adjusted for unrealized gains (loss) on investments, affecting revenues by $nil in F2018, ($12k) in F2017, and $1,632 in F2016. Gifts to qualified donees are as reported on the T3010 filing. Amortization has been removed from program costs. Administrative and fundraising costs for F2018 are as reported in T3010 Schedule 6. Fundraising costs in F2017 represent the amount spent on external fundraising in T3010 Section C.

Salary Information

Full-time staff: 51

Avg. Compensation $61,554

Top 10 staff salary range

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
0
$120k - $160k
1
$80k - $120k
6
$40k - $80k
3
< $40k
0

Information from most recent CRA Charities Directorate filings for F2018

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Comments & Contact

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Charity Contact

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

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