Toronto Star Children's Charities
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔
FINANCIAL TRANSPARENCY
Most recent Audited financial statements available on the charity’s website.
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.
94%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 94 cents are available for programs.
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OVERVIEW
About Toronto Star Children's Charities:
Toronto Star Children's Charities is a one-star charity with a low results reporting grade and funding reserves that can cover less than two years of program costs. The charity is not financially transparent.
Registered in 1967, Toronto Star Children’s Charities (TSCC) helps underprivileged children access gifts and summer camp. The charity runs two programs: the Santa Claus Fund and the Fresh Air Fund. TSCC reports it spent $3.1m on its programs and grants in 2023.
The Santa Claus Fund received 62% of program spending. This program gives low-income children a gift over the holidays. The gift box contains warm clothing, a toy, a book, dental hygiene items, and a treat. The charity states that this may be the only gift they receive during the holidays. TSCC reports it gave 50,000 gift boxes to 50,000 children in 2023.
The Fresh Air Fund received 38% of program spending. TSCC grants money to summer camps to subsidize fees for underprivileged children. The charity states that summer camp enables children to escape the sweltering summer heat and the harsh realities of life. In 2024 the charity provided grants to 116 summer camps but does not report the number of campers subsidized.
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Results and Impact
Charity Intelligence did not find any quantified outcomes on Toronto Star Children’s Charities’ website. This may not be a complete representation of Toronto Star Children’s Charities’ results and impact.
The charity is not yet rated on impact (n/r).
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Finances
From 2019 to 2022, TSCC did not report any administrative or fundraising costs on its audited financial statements or its T3010 filing. It also did not report any salary information on its T3010 during that time.
In 2023 Toronto Star Children’s Charities received $2.6m in cash donations. Administrative costs are 6% of revenues (excluding investment income). TSCC does not report fundraising costs on its 2023 audited financial statements or its T3010. This results in total overhead spending of 6% without accounting for fundraising costs.
In 2023 TSCC spent $3.1m on its programs and grants, which is 114% of its revenue. In 2023 it had a deficit of $532k.
Toronto Star Children’s Charities has $4.8m in reserve funds. This can cover 155%, or one year and seven months of its annual program spending.
This charity report is an update that has been sent for review to Toronto Star Children’s Charities. Changes and edits may be forthcoming.
Updated on July 23, 2024, by Grady Simpson.
Financial Review
Fiscal year ending December
|
2023 | 2022 | 2021 |
---|---|---|---|
Administrative costs as % of revenues | 6.2% | 0.0% | 0.0% |
Fundraising costs as % of donations | 0.0% | 0.0% | 0.0% |
Total overhead spending | 6.2% | 0.0% | 0.0% |
Program cost coverage (%) | 155.1% | 198.8% | 230.3% |
Summary Financial StatementsAll figures in $s |
2023 | 2022 | 2021 |
---|---|---|---|
Donations | 2,593,751 | 2,591,425 | 3,443,271 |
Investment income | 151,534 | 34,153 | 10,614 |
Total revenues | 2,745,285 | 2,625,578 | 3,453,885 |
Program costs | 1,960,423 | 1,672,908 | 1,432,088 |
Grants | 1,155,706 | 892,306 | 787,300 |
Administrative costs | 160,784 | 0 | 0 |
Fundraising costs | 0 | 0 | 0 |
Total spending | 3,276,913 | 2,565,214 | 2,219,388 |
Cash flow from operations | (531,628) | 60,364 | 1,234,497 |
Capital spending | 0 | 0 | 0 |
Funding reserves | 4,833,321 | 5,100,044 | 5,110,829 |
Note: ADMINISTRATIVE COSTS: Ci reported general expenses and professional fees as administrative costs as this matched the charity's T3010 filing from 2023.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
1 |
$40k - $80k |
1 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2023
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Comments & Contact
Comments added by the Charity:
Charity Contact
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