YMCA of Greater Toronto

2200 Yonge St., Unit 300
Toronto, ON M4S 2C6
President & CEO: Medhat Mahdy
Board Chair: Diane Sinhuber

Website: www.ymcagta.org
Charitable Reg. #: 11930 7080 RR0001
Sector: Social Services
Operating Charity

Donor Accountability

Grade: B-

The grade is based on the charity's public reporting of the work it does and the results it achieves.

Financial Transparency

Audited financial statements for current and previous years available on the charity's website [ Audited financial statement for most recent year ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Cents to The Cause

95¢
75¢
avg
65¢
50¢
2014 2015 2016
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #1,546

Avg. Compensation $54,510

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 1
$250k - $300k 0
$200k - $250k 4
$160k - $200k 5
$120k - $160k 0
$80k - $120k 0
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2016

About YMCA of Greater Toronto:

Founded in 1868, YMCA of Greater Toronto (YMCA-GT) offers opportunities for personal growth, community involvement and leadership. Its vision is to make Greater Toronto's communities home to the healthiest kids. YMCA-GT reports that too many kids are inactive (20% of youth in the GTA are over-weight or obese, 95% of 5-17 year olds are not getting the recommended daily exercise). In the last two years, YMCA-GT opened 34 new programs sites operating a total of 409 program sites across the GTA. ‘Y’ members have increased to 546,000, 7% since F2014. Its biggest operations are fitness gyms and child care centres; YMCA-GT has 154,000 fitness centre members (this segment continues to decline from 168,480 in F2013). The largest area for growth is in children services. YMCA-GT is the largest licensed child care provider in Canada. It provides 25,000 children with day care, a critical need in the GTA. Other ‘Y’ programs serve 97,700 children in other child care services, 80% growth from 54,200 in F2013. The majority of fitness and childcare programs are covered by membership fees and program fees. These earned revenues account for 48% of YMCA-GT’s revenues with government program funding contributing another 48% of revenues.

YMCA is in a 2-part campaign to raise $100m in donations: Part I seeks to raise $51.4m to open 3 new YMCA's in Toronto (following on the opening of the Sprott Homeless Youth shelter opened in February 2016 and the Pan Am games building renovated into the Cooper Koo YMCA in Toronto’s Don Lands opened in May 2016): in Toronto’s East End the Kingston Road YMCA, the Bridletowne YMCA in Scarborough, and the McDonald YMCA in downtown Toronto at King and Spadina. Part II of the capital campaign seeks to raise $52.2m to open 10 YMCA's in the 905 area by 2020.

As a charity, YMCA-GT provides financial assistance in the form of subsidized child care and gym memberships to those in need. Total charity subsidies provided in F2016 were $6.3m compared with $6.4m in F2015. Charity subsidies are 4% of total operating costs. In F2016 YMCA-GT reports providing financial aid to 51,951 people (average financial subsidy $121).

Financial Review:

YMCA-GT is a mid-sized charity with donations of $4.2 million. 96% of YMCA-GT’s funding comes from fees for service earned on fitness memberships and child-care services, and government program funding. Its administrative costs are 8.7% of total revenues. Fundraising costs are $1.3m, which on donations received of $4.2m are 30%. These cost ratios bounce around – in F2015 YMCA-GT received a $3.6m endowment donation. Fundraising and administrative costs are taken from the charity’s T3010 CRA filing as the audited financial statements do not provide an allocation of these expenses. YMCA-GT has funding reserves of $28.6m that cover 15% of annual program costs.

This charity report is an update that is being reviewed by YMCA-GT. Changes and edits may be forthcoming.

Updated March 29, 2017 by Kate Bahen.

Financial Ratios

Fiscal year ending March
201620152014
Administrative costs as % of revenues 8.7%9.8%10.9%
Fundraising costs as % of donations 30.3%16.5%34.7%
Program cost coverage (%) 15.4%13.5%19.4%

Summary Financial Statements

All figures in $s
201620152014
Donations 4,1537,7613,451
Government funding 102,78389,16975,638
Fees for service 103,47196,05588,803
Investment income 5846298,445
Other income 4,3063,4353,792
Total revenues 215,297197,049180,129
Program costs 185,504171,006151,432
Administrative costs 18,70519,25018,626
Fundraising costs 1,2581,2811,197
Cash flow from operations 9,8305,5128,874
Funding reserves 28,60523,11329,338
Note: YMCA GT financial statements segregates deferred contributions to the capital campaign that makes life so much easier. Charity Intelligence has added back to donations and government funding the net contributions received in the year. This is immaterial for F2016 and F2015, $105k and ($685k) respectively, but provides consistency with the more material ($707k) in F2014. In F2014, YMCA-GT investment income includes a $7.9m gain on the sale of a building.

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