YMCA of Greater Toronto

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

Charitable Reg. #:11930 7080 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

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✔+

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.

69%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 69 cents are available for programs.



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Programs

About YMCA of Greater Toronto:

Founded in 1868, YMCA of Greater Toronto (YMCA GTA) promotes personal growth, community involvement, and leadership. Its vision is to ensure that the Greater Toronto Area is home to healthy children, teenagers, and adults. Currently, YMCA of Greater Toronto reports that 95% of children aged 5 to 17 in the GTA do not meet daily exercise recommendations. YMCA GTA runs more than 450 centres across the Greater Toronto Area, offering health and fitness activities, childcare, youth programs, and employment services.

In F2019, YMCA GTA states that it made a total of 622,457 connections with members of the GTA community (up 7% from 582,256 in F2018). This included 169,342 uses of childcare and family services, 153,811 visits to health and fitness programs, and 116,588 members of youth programs. YMCA GTA’s employment services provide career guidance and workshops while its immigrant services offer language programs and settlement advice. It reports that these services reached 107,174 clients during the year. YMCA GTA also offers camps and outdoor education programs over the summer or during the school year. It reported 64,242 connections at its camps in F2019. The charity states that it also reached 11,300 people in Colombia and Liberia by funding global YMCA camps and learning programs.

In 2010, YMCA of Greater Toronto began its Strong Start, Great Future capital campaign to raise $100 million for new facilities. It aims to open 10 new YMCA centres across the GTA through the campaign. YMCA GTA opened the Vanauley Street YMCA in 2015 and the Cooper Koo Family YMCA in 2016 using funds from the campaign. It plans to open three new facilities by 2021, including the Vaughan Metropolitan Centre YMCA.

YMCA GTA provides financial assistance to clients in need through subsidized childcare and gym memberships. In F2019, it provided $5.8m in assistance, down from $6.3m in the previous year. It offered financial assistance to 56,614 clients, or around $103 per client ($106 per client for 59,287 clients in F2018).

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Results and Impact

In 2017, YMCA GTA used survey data from 12,332 YMCA members and 8,720 non-members in the GTA to measure its results. It found that YMCA members were 19% more likely to report high life satisfaction and 7% more likely to report high mental health than non-members. YMCA members were also 2% more likely to report high belonging and high general health.

While Ci highlights these key results, they may not be a complete representation of YMCA of Greater Toronto’s results and impact.

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Finances

YMCA of Greater Toronto is a Large charity with donations of $7.2m in F2019. It also received $131.0m in government funding (48% of revenues) and $126.0m in fees for service from programs and memberships (46% of revenues). Administrative costs are 6% of revenues (less investment income) and fundraising costs are 25% of donations. This results in total overhead spending of 31%. For every dollar donated to the charity, 69 cents go to the cause. This falls within Ci’s reasonable range for overhead spending.

The charity’s F2017 fundraising ratio of 7% was 18% lower than in F2019 since it received substantially more donations during the year. It received $16.9m in non-government contributions to its capital campaign, causing a spike in donations in F2017. In 2017, YMCA GTA began the construction of a new YMCA location in Vaughan Metropolitan Centre (VMC). This also accounts for YMCA GTA’s increased capital spending, which was above $30 million for each of the past two fiscal years.

YMCA GTA has $58.0m in long-term debts, exceeding its liquid assets of $33.0m and resulting in a negative program cost coverage figure. These debts represent loans to finance the VMC YMCA construction and previous loans for the Cooper Koo Family YMCA, which opened in 2016. Excluding debts, YMCA GTA’s gross funding reserves can cover between one and two months of annual program costs.

This charity report is an update that has been sent to YMCA of Greater Toronto for review. Changes and edits may be forthcoming.

Updated August 27, 2020 by Eric Zhao.

Financial Review


Financial Ratios

Fiscal year ending March
201920182017
Administrative costs as % of revenues 6.1%6.1%7.1%
Fundraising costs as % of donations 25.2%23.4%6.7%
Total overhead spending 31.3%29.5%13.8%
Program cost coverage (%) (10.5%)(3.1%)9.9%

Summary Financial Statements

All figures in $000s
201920182017
Donations 7,1966,81021,032
Government funding 131,036113,747110,225
Fees for service 125,952120,218111,471
Investment income 3641,1872,825
Other income 6,5253,8354,009
Total revenues 271,073245,797249,562
Program costs - International 914395
Program costs - Canada 237,342216,273203,684
Administrative costs 16,56014,91517,486
Fundraising costs 1,8111,5931,411
Total spending 255,804232,824222,676
Cash flow from operations 15,26912,97326,886
Capital spending 33,35938,12323,124
Funding reserves (25,001)(6,608)20,226

Note: To report on a cash basis, Ci excluded amortization of deferred capital contributions and instead added the full amounts received from non-government sources to donations. This affected total revenues by ($2.6m) in F2019, ($2.4m) in F2018, and $13.8m in F2017. Ci included fair value changes in investments, affecting total revenues by ($346k) in F2019, $600k in F2018, and $2.3m in F2017. Ci included endowment contributions in donations, affecting total revenues by $75k in F2019, $44k in F2018, and $90k in F2017. Ci gathered international, administrative, and fundraising costs from T3010 filings with the CRA and removed the amounts from Canadian program costs.

Salary Information

Full-time staff: 2,868

Avg. Compensation: $42,566

Top 10 staff salary range:

$350k +
0
$300k - $350k
1
$250k - $300k
3
$200k - $250k
6
$160k - $200k
0
$120k - $160k
0
$80k - $120k
0
$40k - $80k
0
< $40k
0

Information from most recent CRA Charities Directorate filings for F2019

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Comments & Contact

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Charity Contact

Website: www.ymcagta.org
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 416-928-9622

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