Our Daily Bread

11325 Firgrove Dr
Windsor, ON N8P 1L4
Executive Director: Brent Hackett
Board Chair: Bob Wood

Charitable Reg. #:11910 8421 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 through official request for information from Charities Directorate.

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.

83%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 83 cents are available for programs.



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Programs

About Our Daily Bread:

Founded in 1938, Our Daily Bread Ministries (ODB) started with a radio program called Detroit Bible Class. Since then, the charity has expanded its reach to 150 countries. Our Daily Bread Ministries’ mission is “to make the life-changing wisdom of the Bible understandable and accessible to all.” The charity offers radio and television broadcast, DVD, podcast, book, and website resources to help people practice and develop their faith. ODB reports that it has staff and volunteers in over 37 offices working to distribute 60 million resources in 150 countries. Our Daily Bread Ministries Canada is a national denomination of ODB.  

ODB Christian University is an online platform where people can access online faith-based courses on 12 topics. ODB’s Discovery House sells faith-based books and other resources. The charity features My Utmost for His Highest (1927), a publication of compiled transcripts of Oswald Chambers during his life of service on missionary trips. ODB also hosts Questions.org where the charity provides answers to tough commonly asked questions, including “Can I be a Christian and still struggle with impure thoughts?” and “What does it mean for a wife to submit to her husband?” 

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Finances

Our Daily Bread Ministries Canada is a medium-sized charity, receiving $4.1m in donations in F2018. Administrative costs are 17% of revenues (excluding investment income). The charity does not report fundraising costs on its audited financial statements, nor its T3010 filing with the CRA. For every dollar donated, 83 cents go to the charity’s programs, which is within Ci’s reasonable range for overhead spending. The charity has $1.4m in funding reserves, which can cover annual program costs for 4 months.  

This is a new report that has been sent to Our Daily Bread Ministries Canada for review. Changes and edits may be forthcoming.  

Profile created July 26, 2019 by Caroline McKenna.  

Financial Review


Financial Ratios

Fiscal year ending March
201820172016
Administrative costs as % of revenues 17.0%8.6%9.3%
Fundraising costs as % of donations 0.0%0.0%0.0%
Total overhead spending 17.0%8.6%9.3%
Program cost coverage (%) 32.4%61.6%59.5%

Summary Financial Statements

All figures in $s
201820172016
Donations 4,142,7664,638,5744,486,295
Fees for service 63,81647,15058,616
Business activities (net) 207,04500
Investment income 26,19393,765(151,406)
Other income 11,177985(413)
Total revenues 4,450,9974,780,4744,393,092
Program costs 4,207,4964,169,2984,764,233
Administrative costs 752,055403,528421,977
Total spending 4,959,5504,572,8305,186,210
Cash flow from operations (508,554)207,648(793,118)
Capital spending 900,7426,39521,576
Funding reserves 1,363,7492,567,1812,835,208

Note: Ci used the charity’s T3010 filing with the CRA to break out program and administrative costs. To report on a cash basis, Ci removed amortization from program costs. 

Salary Information

Full-time staff: 14

Avg. Compensation $53,999

Top 10 staff salary range

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

Information from most recent CRA Charities Directorate filings for F2018

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Comments & Contact

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Charity Contact

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

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