YMCA of Greater Toronto
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.
25%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 25 cents are available for programs.
My anchor
OVERVIEW
About YMCA of Greater Toronto:
YMCA of Greater Toronto is a 2-star rated charity with an above-average results reporting score. Its overhead costs are outside Ci’s reasonable range for overhead spending, and it has reserve funds to cover program costs for almost two months.
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. YMCA GTA runs 440 locations across the Greater Toronto Area, offering health and fitness activities, childcare, camps and outdoor education, youth programs, immigration services, and employment services.
In F2022, YMCA GTA states that it had 439,930 participants across its programs. This included 116,093 participants in its youth services and 45,243 participants in its health and fitness programs.
The charity’s Child Care and Family Services program offers an early learning program, before and after school care, summer programs, and other family services. In F2022, the program had 193,830 participants.
YMCA GTA also offers camps and outdoor education programs over the summer or during the school year. It reported 11,231 participants at its camps in F2022. YMCA GTA’s employment services provide career guidance and workshops, which had 39,383 participants in F2022. The charity’s immigration services offer language programs and settlement advice. YMCA GTA reported that 28,820 participants used its immigration services in F2022, and 3,339 participants used its education and training services.
YMCA GTA provides financial assistance to clients in need through subsidized childcare and gym memberships. In F2022, it provided $1.2m in assistance to 9,534 clients, up from $500k in F2021.
My anchor
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.
This charity is not yet rated on impact (n/r).
My anchor
Finances
In F2022, YMCA of Greater Toronto received $2.6m in donations. It also received $170.3m in government funding (71% of revenues) and $58.4m in fees for service from programs and memberships (24% of revenues).
Administrative costs are 8% of revenues (less investment income) and fundraising costs are 67% of donations. This results in total overhead spending of 75%. For every dollar donated to the charity, 25 cents go to the cause. This falls outside Ci’s reasonable range for overhead spending. Given that donations are 1% of revenues and it is unclear what the charity has included in its fundraising costs, the fundraising ratio may be overstated.
YMCA GTA has gross reserve funds of $150.9m and long-term debts of $116.8m. These debts primarily represent loans to finance the Vaughan Metropolitan Centre YMCA construction and the McDonald Family YMCA. Excluding debts, YMCA GTA’s reserve funds can cover almost 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 June 9, 2023 by Kiara Andrade.
Financial Review
Fiscal year ending March
|
2022 | 2021 | 2020 |
|---|---|---|---|
| Administrative costs as % of revenues | 8.1% | 6.9% | 6.0% |
| Fundraising costs as % of donations | 66.5% | 39.6% | 48.3% |
| Total overhead spending | 74.6% | 46.4% | 54.3% |
| Program cost coverage (%) | 15.0% | (29.0%) | (20.2%) |
Summary Financial StatementsAll figures in $000s |
2022 | 2021 | 2020 |
|---|---|---|---|
| Donations | 2,618 | 2,919 | 3,547 |
| Government funding | 170,332 | 188,886 | 132,728 |
| Fees for service | 58,387 | 29,073 | 132,001 |
| Investment income | 2,532 | 5,738 | 342 |
| Other income | 5,847 | 6,413 | 5,553 |
| Total revenues | 239,716 | 233,029 | 274,171 |
| Program costs - International | 54 | 30 | 60 |
| Program costs - Canada | 227,784 | 188,850 | 250,850 |
| Administrative costs | 19,209 | 15,603 | 16,518 |
| Fundraising costs | 1,741 | 1,155 | 1,713 |
| Total spending | 248,788 | 205,638 | 269,141 |
| Cash flow from operations | (9,072) | 27,391 | 5,030 |
| Capital spending | 24,190 | 15,109 | 40,366 |
| Funding reserves | 34,096 | (54,698) | (50,712) |
Note: To report on a cash basis, Ci excluded amortization of deferred capital contributions affecting revenue by ($1.8m) in F2022, ($2.0m) in F2021, and ($3.1m) in F2020. Ci was unable to adjust for deferred capital contributions received as it was unclear if the contributions were government or general donations. The charity also had deferred revenues of $17.9m in F2022, $6.5m in F2021, and ($121k) in F2020. Ci could not break out changes in government vs. non-government deferred revenues and therefore could not adjust for them. Ci included fair value changes in investments, affecting total revenues by ($744k) in F2022, $4.3m in F2021, and ($638k) in F2020. Ci included endowment contributions in donations, affecting total revenues by $39k in F2022, $26k in F2021, and $42k in F2020. Ci gathered international, administrative, and fundraising costs from T3010 filings with the CRA and removed the amounts from Canadian program costs.
Salary Information
$350k + |
1 |
$300k - $350k |
0 |
$250k - $300k |
5 |
$200k - $250k |
4 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
0 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2022
My anchor
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: 416-928-9622