Jump Math

One Yonge Street, Suite 1014
Toronto, ON M5E 1E5
CEO: Scott McMeekin
Board Chair: Lisa O'Toole

Website: www.jumpmath.org
Charitable Reg. #: 86432 6814 RR0001
Sector: Education
Operating Charity

Charity Rating

[Charity Rating: 4/4]

Donor Accountability

Grade: A

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

Full-time staff #26

Avg. Compensation $79,433

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 3
$80k - $120k 3
$40k - $80k 4
< $40k 0
Information from most recent CRA Charities Directorate filings for F2015

About Jump Math:

Founded in 2001, Jump Math  develops math programs for children in  grades 1 to 8  and encourages  children to think mathematically.  The math programs are based on the latest cognitive science research and innovative instructional approaches.  The charity offers  educators, tutors and parents complete materials as well as training  based on its math programs.  In F2015, $1.3m or 35% of total revenue came from program training and the sales of program resources. Its programs are primarily sold to school districts, teachers, and parents.  Income earned from sales is re-invested into the organization to further its mission.  Currently, the charity's math programs are used by over 85,000 children in over 400 schools, tutoring programs, and at home.

Charity Intelligence has analyzed JUMP Math since 2010 and has consistently found it to be a high-impact charity. JUMP Math is included in Ci's 2016 Canadian Charity Impact Fund, one of 10 charities with high impact in the social services sector.

 

Financial Review:

Jump Math changed its reporting period from June to April in F2013. The audited financial statements for F2013 are for 10 months from July 2012 to April 2013. Fundraising and administrative costs are 11% of revenues, which is within Ci's reasonable range. Funding reserves of $1.3m can  cover 52% of annual program costs.  

Analysis updated by Ruoxi Gao in 2016, currently under review by  Jump Math.

Financial Ratios

Fiscal year ending April 		201520142013
Fundraising & admin costs as % of revenues 10.5%14.0%13.0%
Program cost coverage (%) 52.1%31.5%43.0%

Summary Financial Statements

All figures in $s 		201520142013
Donations 859,8651,298,3661,167,065
Goods in kind 0144,80065,277
Government funding 035,13717,350
Fees for service 2,829,987822,644435,690
Special events 19,3765,8174,886
Investment income 268909526
Total revenues 3,709,4962,307,6731,690,794
Program costs 2,588,5291,744,0661,348,029
Fundraising & administrative costs 390,673321,763219,172
Cash flow from operations 730,294241,844123,593
Funding reserves 1,347,853548,784580,024
Note: Charity Intelligence recognized deferred grants and royalties, increasing total revenue by $1.4m in F2015, $215k in F2014, and $137k in F2013.  In fees for service, Charity Intelligence excluded expenses from printing, distribution, communications, transactions, and training, lowering total revenue and expenses by $1.0m in F2015, $1.2m in F2014, and $624k in F2013.  Jump Math did not report administrative costs separately from fundraising costs in its audited financial statements or in CRA's T3010 filing.   

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