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.
92%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 92 cents are available for programs.
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OVERVIEW
About Youth Employment Services:
Youth Employment Services is a 4-star charity. It is financially transparent, has overhead spending within Ci's reasonable range, and has above-average reporting of its results for donors.
Founded in 1968, Youth Employment Services (YES) is the largest youth employment counselling centre in Canada. The charity helps young people facing barriers to employment, such as homelessness, a lack of formal education, a criminal record, and drug abuse, find jobs. YES believes that employment is empowerment and leads to safe and healthy communities. YES works to empower disadvantaged and vulnerable youth to become self-sufficient, contributing members of society.
Youth Employment Services offers over 25 employment counselling, training, and placement programs. Some key programs it highlights include Employment Services, Youth Job Connection, and Youth Collaboration, all of which help youth find and keep jobs. The charity does not provide a breakdown of spending on its programs.
Youth Employment Services provides young people with professional counselling and training. Its training techniques are used as a teaching model for other employment services across Canada and worldwide. In F2021, YES served 9,393 youth through its programs and 1,670 youth through its job search workshops. The charity reports that it worked with thousands of employers to secure work placements for youth and paid out $5.7m in wage subsidies and training allowances to employers and clients to cover training costs.
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Results and Impact
Youth Employment Services reports an 83% success rate in job, training, or education results in F2021. This means 83% of YES' clients were employed, in school, or in training when they finished YES' programming. Three months after exiting the program, 77% of clients remained employed, in school, or in training.
While Charity Intelligence highlights these key results, they may not be a complete representation of Youth Employment Services' results and impact. This charity is not yet rated on impact (n/r).
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Finances
Youth Employment Services had total donations of $1.6m in F2021. The charity also received $13.0m in government funding, representing 85% of revenues. Administrative costs are 4% of revenues (less investment income), and fundraising costs are 4% of donations. This results in total overhead spending of 8%. For every dollar donated, 92 cents go to the cause, which is within Ci's reasonable range for overhead spending.
YES has $8.9m in funding reserves. The charity could cover 66% or almost eight months of its annual program costs with reserves.
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 22, 2022, by Sydney Olexa.
Financial Review
Fiscal year ending March
|
2021 | 2020 | 2019 |
|---|---|---|---|
| Administrative costs as % of revenues | 4.0% | 3.6% | 3.1% |
| Fundraising costs as % of donations | 4.3% | 7.9% | 7.5% |
| Total overhead spending | 8.3% | 11.5% | 10.6% |
| Program cost coverage (%) | 65.6% | 52.9% | 51.1% |
Summary Financial StatementsAll figures in $000s |
2021 | 2020 | 2019 |
|---|---|---|---|
| Donations | 1,640 | 1,213 | 1,221 |
| Government funding | 13,039 | 13,404 | 14,781 |
| Investment income | 640 | 20 | 252 |
| Other income | 84 | 0 | 72 |
| Total revenues | 15,403 | 14,638 | 16,326 |
| Program costs | 13,617 | 13,792 | 14,693 |
| Administrative costs | 586 | 521 | 495 |
| Fundraising costs | 71 | 96 | 92 |
| Other costs | 1 | 1 | 1 |
| Total spending | 14,274 | 14,410 | 15,280 |
| Cash flow from operations | 1,129 | 228 | 1,046 |
| Capital spending | 101 | 123 | 294 |
| Funding reserves | 8,938 | 7,301 | 7,507 |
Note: Ci reported administrative and fundraising costs from the charity's T3010 filings with the CRA. Ci included revenues from the special projects fund in total revenues. Ci reported investment fees in investment income, decreasing revenues and increasing expenses by $24k in F2021, $22k in F2020, and $21k in F2019.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
1 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
2 |
$80k - $120k |
7 |
$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
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 416-504-5516