Charity Tzedakah Montreal
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.
99%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 99 cents are available for programs.
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OVERVIEW
About Charity Tzedakah Montreal:
Charity Tzedakah Montreal is a 0-star charity. The charity does not have a website, is not financially transparent, and does not report audited financial statements to the CRA. Before you give, read Charity Intelligence’s report.
Charity Tzedakah Montreal does not have a website. Information in this report was gathered through Charity Tzedakah Montreal’s T3010 filing with the CRA.
Registered as a charity in 2018, Charity Tzedakah Montreal provides assistance to needy people. In F2021, it spent $3.8 million on Canadian programs and granted $3.1 million to 55 donees. The charity also reports that it sent $3.1 million to people and/or organizations in Israel listed as "various".
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Results and Impact
Charity Intelligence did not find any quantified outcomes for Charity Tzedakah Montreal. This may not be a complete representation of Charity Tzedakah Montreal’s results and impact.
This charity is not yet rated for demonstrated impact (n/r).
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Finances
Charity Tzedakah Montreal is not financially transparent. Charity Intelligence used Charity Tzedakah Montreal’s T3010 filing with the CRA to complete this review.
In F2021, Charity Tzedakah Montreal received $11.6m in donations. Reported administrative costs are less than 1% of total revenues and reported fundraising costs are less than 1% of donations. For each dollar donated, 99 cents go to the cause. This is outside Ci’s reasonable range for overhead spending.
Reserve funds of $1.4m can cover program and grant costs at the F2021 level for just under two months.
Charity Tzedakah Montreal does not report any salaried employees on its T3010 filing with the CRA.
Since F2019, Charity Tzedakah Montreal has sent a total of $7.2m to “various” individuals and/or organizations in Israel. It does not disclose the names of any people or organizations that it funded.
Since F2019, the charity has granted $9.3m to qualified donees. In F2021 its three largest grants were $1.9m to Bnei Chesed Foundation, $429k to Congregation Yetev Lev Satmar, and $207k to Congregation Sheves Achim. Bnei Chesed Foundation’s charitable status was revoked following an audit in 2021.
Ci is unable to contact Charity Tzedakah Montreal for review of this profile.
Updated on August 17, 2023 by Emily Downing.
Financial Review
Fiscal year ending December
|
2021 | 2020 | 2019 |
|---|---|---|---|
| Administrative costs as % of revenues | 0.4% | 0.4% | 0.4% |
| Fundraising costs as % of donations | 0.8% | 0.0% | 0.0% |
| Total overhead spending | 1.2% | 0.4% | 0.4% |
| Program cost coverage (%) | 14.3% | 4.9% | 0.6% |
Summary Financial StatementsAll figures in $000s |
2021 | 2020 | 2019 |
|---|---|---|---|
| Donations | 11,623 | 10,446 | 9,029 |
| Total revenues | 11,623 | 10,446 | 9,029 |
| Program costs - International | 3,119 | 1,493 | 2,587 |
| Program costs - Canada | 3,791 | 2,434 | 1,725 |
| Grants | 3,088 | 4,988 | 5,151 |
| Administrative costs | 41 | 37 | 38 |
| Fundraising costs | 98 | 2 | 2 |
| Total spending | 10,136 | 8,953 | 9,503 |
| Cash flow from operations | 1,487 | 1,492 | (474) |
| Capital spending | 0 | 0 | 0 |
| Funding reserves | 1,434 | 438 | 57 |
Note: Ci backed out gifts to qualified donees from program costs and reported this amount separately. Charity Tzedakah Montreal’s T3010 filing with the CRA reports other liabilities of $0 in F2021, $515k in F2020, and $1.6m in F2019. Ci has not included these amounts in its analysis as no details are provided.
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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