Canadian National Christian Foundation
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.
100%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 100 cents are available for programs.
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OVERVIEW
About Canadian National Christian Foundation:
Canadian National Christian Foundation is a 0-star charity. It has an F in results reporting, meaning it publicly reports very little on its programs. It is not financially transparent. The charity has $70.8m in funding reserves that can cover over four years of program costs. Before you give, read Charity Intelligence's report.
Founded in 2003, Canadian National Christian Foundation (CNCF) operates the CNCF Giving Fund, a donor-advised fund that supports Christian charities. The charity offers families and organizations an affordable and easy alternative to setting up their own private foundation. The charity hopes to “connect [donors’] money with God’s work” through spiritual financial decisions.
Canadian National Christian Foundation offers various giving options: one-time donations; regular charitable gifts; bequests though a will; retirement plans with CNCF as a beneficiary; Life Insurance with CNCF as an owner; and charitable remainder trusts.
In F2021, CNCF spent $17.1m in grants to support Christian charities. It reports that for 20 years it has helped people give over $100m to Christian charities.
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Results and Impact
Charity Intelligence found that Canadian National Christian Foundation reported many stories but no numeric results on its work.
While Ci highlights these key results, they may not be a complete representation of Canadian National Christian Foundation’s results. This charity is not yet rated on impact (n/r).
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Finances
Canadian National Christian Foundation received $41.0m in donations in F2021. It also received $1.3m in investment income, representing 3% of total revenues. Administrative costs are less than 1% of donations (excluding investment income), and the charity reports no fundraising costs. For every dollar donated, over 99 cents go to CNCF’s programs. This is outside of Ci’s reasonable range for overhead spending. When overhead costs are less than 5%, it is possible that the charity may not be reporting accurately. CNCF’s overhead costs have been outside Ci’s reasonable range since F2015.
CNCF has reserve funds of $70.8m, which can cover annual grants and program costs for over four years and one month.
CNCF reported one full-time employee and one part-time employee in F2021.
Updated July 7, 2023 by Clive Stevens.
Financial Review
Fiscal year ending October
|
2021 | 2020 | 2019 |
---|---|---|---|
Administrative costs as % of revenues | 0.4% | 0.3% | 0.6% |
Fundraising costs as % of donations | 0.0% | 0.0% | 0.0% |
Total overhead spending | 0.4% | 0.3% | 0.6% |
Program cost coverage (%) | 410.6% | 210.1% | 220.4% |
Summary Financial StatementsAll figures in $000s |
2021 | 2020 | 2019 |
---|---|---|---|
Donations | 41,023 | 29,534 | 17,407 |
Fees for service | 0 | 0 | 0 |
Investment income | 1,324 | 2,007 | 2,628 |
Other income | 8 | 4 | 40 |
Total revenues | 42,356 | 31,545 | 20,075 |
Program costs | 116 | 77 | 64 |
Grants | 17,128 | 21,821 | 16,426 |
Administrative costs | 149 | 100 | 100 |
Fundraising costs | 12 | 0 | 6 |
Total spending | 17,405 | 21,998 | 16,596 |
Cash flow from operations | 24,951 | 9,547 | 3,479 |
Capital spending | 0 | 0 | 0 |
Funding reserves | 70,800 | 46,004 | 36,351 |
Note: Investment management fees were removed from investment income, affecting both revenues and expenses by ($307k) in F2021, ($275k) in F2020, and ($257k) in F2019.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
0 |
$40k - $80k |
1 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2021
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Comments & Contact
Comments added by the Charity:
Charity Contact
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