Youth Employment Services
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
FINANCIAL TRANSPARENCY
Audited financial statements for current and previous years available on the charity’s website.
B+
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.
91%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 91 cents are available for programs.
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OVERVIEW
About Youth Employment Services:
Youth Employment Services (YES) is a 4-star, financially transparent charity. Its results reporting score is B+, which is above average. Its overhead spending is within Ci’s reasonable range. Its reserve funds can cover six months of annual program costs, indicating a need for funding.
Founded in 1968, Youth Employment Services (YES) is the largest youth employment counselling centre in Canada. It is based in Toronto, Ontario and helps young people facing barriers to employment, such as homelessness, a lack of formal education, a criminal record, and drug abuse. YES reports that youth face increasing costs of living and rates of mental health issues. Of its participants, the charity notes that 21% struggle with their mental health and 87% had low or no income or were dependent on social assistance.
Its primary program is Employment Services, which offer employment counselling, training, and placement programs. In F2023, it reported serving a total of 15,676 youths, broken down as follows:
- 8,839 students used the Drop In Services or Resource Centre;
- 6,335 clients attended assisted employment programs; and
- 502 students attended workshops at YES or in school.
YES also reports the following demographic information about its clients:
- 65% attended Grade 12 or less as their highest level of education,
- 51% identified as Black, Asian, Latin American or Indigenous,
- 41% reported being unemployed for more than six months,
- 21% identified as new immigrants to Canada, and
- 17% identified as a person with disabilities.
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Results and Impact
YES reports that upon exit from its programs, 86% of its clients were employed, in school, or in training. At the charity’s three month post-completion check in, 83% retained their employment status.
While Ci highlights these key results, they may not be a complete representation of the charity’s results and impact. Youth Employment Services is not yet rated on impact (n/r).
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Finances
In F2023, Youth Employment Services received $1.9m in donations. The bulk of its funding (88%) was government funding, totalling $15.5m. Administrative costs were 4% of revenues, less investment income. Fundraising costs were 5% of donations. Total overhead spending was 9%. For every dollar donated, 91 cents are available to go to the cause. This is within Ci’s reasonable range for overhead spending.
In F2023, YES had $8.8m in funding reserves (cash and investments). These reserves can cover six months of annual program costs.
This charity report is an update that has been sent to Youth Employment Services for review. Changes and edits may be forthcoming.
Updated on August 21, 2024 by Stellar Zhang.
Financial Review
Fiscal year ending March
|
2023 | 2022 | 2021 |
|---|---|---|---|
| Administrative costs as % of revenues | 3.9% | 4.0% | 3.9% |
| Fundraising costs as % of donations | 5.1% | 7.6% | 4.1% |
| Total overhead spending | 8.9% | 11.6% | 8.0% |
| Program cost coverage (%) | 53.6% | 57.8% | 65.6% |
Summary Financial StatementsAll figures in $000s |
2023 | 2022 | 2021 |
|---|---|---|---|
| Donations | 1,910 | 1,292 | 1,725 |
| Government funding | 15,500 | 14,748 | 13,039 |
| Investment income | 71 | 346 | 640 |
| Other income | 177 | 152 | 84 |
| Total revenues | 17,657 | 16,538 | 15,488 |
| Program costs | 16,476 | 15,349 | 13,617 |
| Administrative costs | 681 | 649 | 586 |
| Fundraising costs | 96 | 99 | 71 |
| Other costs | 1 | 1 | 1 |
| Total spending | 17,254 | 16,098 | 14,274 |
| Cash flow from operations | 404 | 440 | 1,214 |
| Capital spending | 21 | 60 | 101 |
| Funding reserves | 8,830 | 8,872 | 8,938 |
Note: Ci reported administrative and fundraising costs from the charity's T3010 filings with the CRA. Ci adjusted for deferred donations, affecting it by $347k in F2023, ($153k) in F2022, and $85k in F2021. Ci reported investment income net of investment fees, affecting revenue and expenses by $25k in F2023, $25k in F2022, and $24k in F2021.
Salary Information
$350k + |
0 |
$300k - $350k |
1 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
1 |
$120k - $160k |
1 |
$80k - $120k |
7 |
$40k - $80k |
0 |
< $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
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 416-504-5516