Inn from the Cold
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.
A-
RESULTS REPORTING
Grade based on the charity's public reporting of the work it does and the results it achieves.
Fair
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.
79%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 79 cents are available for programs.
My anchor
OVERVIEW
About Inn from the Cold:
Inn from the Cold Society is a 3-star charity. This charity has Fair demonstrated impact and an above average results reporting grade.
Founded in 1997, Inn from the Cold Society (IFTC) supports homeless families in Calgary. According to the charity, an average of 200 families sleep at an emergency shelter each night in Calgary. IFTC accepts any family with an expecting mother or at least one child under 18 years of age. The charity has three major programs: homeless prevention, emergency shelter, and supportive housing. IFTC does not provide a breakdown of spending on its programs.
IFTC provides assistance to prevent families from becoming homeless, which includes financial assistance, employment and parenting workshops, and referrals to other agencies for counselling or legal advice. In F2021, the charity supported 301 families, including 634 children, who were at risk of homelessness.
IFTC arranges for emergency shelters when homeless families come for help. Families arriving at IFTC receive a place to sleep, food, clothing, medical care, and access to educational programming. Families typically move to permanent housing within 30 days of staying at the shelter. In F2021, IFTC provided shelter to 80 families and served 37,980 meals.
IFTC helps families plan for the future by offering supportive housing programs. These include case management, housing, financial help, referrals, and early childhood development programs. In F2021, IFTC provided housing support to 102 families with an average length of stay of 16.4 months.
My anchor
Results and Impact
In 2018, a third-party research group conducted a Social Return on Investment (SROI) analysis which concluded that for every $1 invested in Inn from the Cold’s shelter and housing programs, $4.63 in social and economic value is created.
While Charity Intelligence highlights these key results, they may not be a complete representation of Inn from the Cold’s results and impact.
Charity Intelligence gave Inn from the Cold an impact rating of Fair for demonstrated social impact per dollar spent.
Impact Rating: Fair
•
My anchor
Finances
In F2021, Inn from the Cold had total donations of $5.8m. The charity also received $2.1m in government funding, representing 26% of total revenues. The amount of government funding reported in the charity's financial statements does not reconcile with the number on its T3010 filing with the CRA. Administrative costs are 18% of revenues and fundraising costs are 3% of donations. This results in total overhead spending of 20%. For every dollar donated, 80 cents go to the cause, which is within Ci’s reasonable range for overhead spending.
IFTC has $5.5m in funding reserves, once $736k in debt is accounted for. Inn from the Cold’s funding reserves can cover program costs for one year.
Charity Intelligence sent an update of this report to Inn from the Cold for review. Changes and edits may be forthcoming.
Updated on May 31, 2022 by Lin Zhu.
Financial Review
Fiscal year ending March
|
2021 | 2020 | 2019 |
|---|---|---|---|
| Administrative costs as % of revenues | 17.9% | 18.5% | 16.0% |
| Fundraising costs as % of donations | 2.6% | 4.0% | 6.0% |
| Total overhead spending | 20.5% | 22.5% | 21.9% |
| Program cost coverage (%) | 100.6% | 92.9% | 72.7% |
Summary Financial StatementsAll figures in $000s |
2021 | 2020 | 2019 |
|---|---|---|---|
| Donations | 5,806 | 5,511 | 5,787 |
| Goods in kind | 70 | 141 | 165 |
| Government funding | 2,133 | 1,533 | 1,719 |
| Fees for service | 42 | 144 | 117 |
| Investment income | 38 | 93 | 64 |
| Total revenues | 8,090 | 7,421 | 7,853 |
| Program costs | 5,482 | 5,099 | 6,446 |
| Administrative costs | 1,441 | 1,352 | 1,245 |
| Fundraising costs | 152 | 223 | 345 |
| Total spending | 7,075 | 6,674 | 8,036 |
| Cash flow from operations | 1,015 | 747 | (183) |
| Capital spending | 28 | 310 | 539 |
| Funding reserves | 5,517 | 4,737 | 4,688 |
Note: Ci did not adjust for deferred revenues and contributions in F2019, F2020, and F2021, because the total amount was not considered material (less than 10% of the revenue). Ci removed the amortization of deferred contributions related to capital assets ($568k in F2021, $548k in F2020, $455k in F2019) from the revenue. Ci also adjusted for the government funding based on the amount reported on the charity's T3010 filing with the CRA. Ci backed out the amortization from program and administrative expenses ($689k in F2021, $666k in F2020, $583k in F2019) and reported it separately. Fundraising costs ($152k in F2021, $223k in F2020, $345k in F2019) were deducted from program costs and reported separately.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
1 |
$80k - $120k |
4 |
$40k - $80k |
5 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2021
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: 403 512 0769