Toronto Star Children's Charities
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.
C-
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 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 three years of program costs. The charity is not financially transparent. Toronto Star Children's Charities does not report administrative costs or fundraising costs in its audited financial statements or T3010 filing with the CRA. As a result, no overhead spending is reported. The charity also does not report salary information on its T3010 filing.
Registered in 1967, Toronto Star Children’s Charities (TSCC) is a public foundation that helps underprivileged children access important recreational activities and household items. Its main charitable programs are the Santa Claus Fund and the Fresh Air Fund. In F2021, it spent $2.2m overall, representing a 57% increase from F2020.
Toronto Star Children’s Charities spent 65% of total spending on the Santa Claus Fund. This program gives children from low-income families a Christmas gift box that includes warm clothing, a toy, a book, candy, and dental hygiene items. The charity reports that it has given a gift box to 50,000 kids in F2021 and 2,519,581 kids since 1906.
The charity spent 35% of total spending on the Fresh Air Fund. This program provides grants to camp organizations in the Toronto area to subsidize fees for underprivileged and special needs children. TSCC reports that since the program’s inception in 1901, it has helped more than 500,000 children attend summer camp.
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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 TSCC’s results and impact.
This charity is not yet rated on impact (n/r).
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Finances
In F2021, Toronto Star Children’s Charities received $3.4m in donations. It also earned $11k in investment income from treasury bills. The charity did not receive any government funding from F2019 to F2021. Administrative costs and fundraising costs are not reported in TSCC’s audited financial statements or in its T3010 filing with the CRA. As a result, no overhead costs are reported. The charity has $5.1m in net funding reserves which can cover annual program costs for around two years and four months. TSCC did not report any salary information on its T3010 filing.
This charity report is a new profile that was sent for review to Toronto Star Children's Charities. Changes and edits may be forthcoming.
Updated on July 22nd, 2022 by Arjun Kapur.
Financial Review
Fiscal year ending December
|
2021 | 2020 | 2019 |
|---|---|---|---|
| Administrative costs as % of revenues | 0.0% | 0.0% | 0.0% |
| Fundraising costs as % of donations | 0.0% | 0.0% | 0.0% |
| Total overhead spending | 0.0% | 0.0% | 0.0% |
| Program cost coverage (%) | 230.3% | 269.4% | 130.7% |
Summary Financial StatementsAll figures in $s |
2021 | 2020 | 2019 |
|---|---|---|---|
| Donations | 3,443,271 | 2,561,277 | 3,145,220 |
| Goods in kind | 0 | 14,975 | 0 |
| Investment income | 10,614 | 32,191 | 19,527 |
| Total revenues | 3,453,885 | 2,608,443 | 3,164,747 |
| Program costs | 1,432,088 | 1,198,259 | 1,216,595 |
| Grants | 787,300 | 196,206 | 838,974 |
| Donated goods exp | 0 | 14,975 | 0 |
| Administrative costs | 0 | 0 | 0 |
| Fundraising costs | 0 | 0 | 0 |
| Total spending | 2,219,388 | 1,409,440 | 2,055,569 |
| Cash flow from operations | 1,234,497 | 1,199,003 | 1,109,178 |
| Funding reserves | 5,110,829 | 3,756,705 | 2,687,460 |
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
0 |
$40k - $80k |
0 |
< $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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