306 Gerrard Street East
Toronto, ON M5A 2G7
President & CEO: Angie Peters
Board Chair: Gundy Jackson

Charitable Reg. #:11930 6181 RR0001

STAR RATING

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

[Charity Rating: 4/5]

✔+

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.

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.

68%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 68 cents are available for programs.



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OVERVIEW

About Yonge Street Mission:

Founded in 1896, Yonge Street Mission (YSM) aims to end chronic poverty in Toronto, Ontario in one generation. YSM states that 500,000 people in Toronto face poverty. The charity believes this problem is rising due to the pandemic, as most covid-19 related job losses affected people who make less than $14 an hour. Yonge Street Mission provides programs and services to three groups: street-involved youth, families in need, and adults experiencing chronic poverty. YSM also provides community development services to vulnerable neighbourhoods.

YSM supports youth through its Evergreen Centre. In F2020, YSM allocated 35% of total program spending to Evergreen. Evergreen offers drop-in services, meal programs, health and dental care, nursery care, housing assistance, counselling, job support, and schooling programs. The charity reports serving from 1,709 to 2,467 meals a week at Evergreen in F2020. Additionally, 87 youth enrolled in Evergreen’s Helping Offenders on Probation Excel (HOPE) program, which promotes rehabilitation and reintegration.

YSM’s Cornerstone Family Services accounted for 22% of total program costs in F2020. Cornerstone offers Daycare, after school programs, a computer lab, a foodbank, mentoring, parenting workshops, job support, and housing services. While the Daycare originally shut down due to covid-19, it re-opened in July 2020, welcoming 30 children. Additionally, 31 male caregivers enrolled in Cornerstone’s Man2Man support group.

YSM’s Bridges services support adults aged 18-60 through holistic care, courses, warm meals, and community connection. In F2020, YSM allocated 14% of total program spending to Bridges. YSM reports that the food bank at Bridges had between 600 and 2,000 visitors each week in F2020, serving anywhere from 1,624 to 5,194 meals.

In F2020, YSM allocated 6% of total program spending to Community Development. YSM’s Community Development Team works with residents to help create changes in their neighbourhoods. YSM reports that 99 community members participated in 15 Community Development groups in F2020.

The rest of program spending (24%) went towards combined program support services for the programs mentioned above. These services include housing support, mental health counselling, job support, and food.

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Results and Impact

In F2020, Yonge Street Mission reported helping 2,832 community members make a positive move forward in their life, defined by the charity as securing shelter, employment, education, and/or healthier living. Of these community members, 928 were in Evergreen, 786 were in Cornerstone, 325 were in Bridges, 418 were in employment services, 94 were in housing, and 281 were in mental health counselling.

In F2020, YSM’s Daycare received the CITYKIDS Inclusion Award. The award recognized YSM for creating a safe and welcoming space for children and advocating for the needs of all participants.

Through its employment services, YSM helped 186 people secure jobs in F2020.

While Charity Intelligence highlights these key results, they may not be a complete representation of Yonge Street Mission’s results and impact. This charity is not yet rated on impact (n/r).

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Finances

Yonge Street Mission had total donations of $9.8m in F2020. YSM also collected $177k in goods in kind and $776k in housing revenue. Administrative costs are 5% of revenues (less investment income) and fundraising costs are 27% of donations. This results in total overhead spending of 32%. For every dollar donated, 68 cents go to the cause, which is within Ci’s reasonable range of overhead spending. 

The charity has funding reserves of $5.4m, once $2.0m in current and long-term debt is accounted for. Excluding $3.9m in donor-endowed funds, YSM could cover 17% or roughly two months of program costs with reserves, indicating a need for funding.

Charity Intelligence sent an update of this report to Yonge Street Mission for review. Changes and edits may be forthcoming.

Updated on June 15, 2021 by Sydney Olexa.  

Financial Review


Financial Ratios

Fiscal year ending September
202020192018
Administrative costs as % of revenues 5.3%5.8%4.4%
Fundraising costs as % of donations 26.6%29.5%26.7%
Total overhead spending 31.9%35.3%31.0%
Program cost coverage (%) 16.6%15.1%12.1%

Summary Financial Statements

All figures in $000s
202020192018
Donations 9,8138,5659,545
Goods in kind 177162194
Government funding 3,9633,4583,152
Business activities (net) 7761,1711,160
Investment income (23)24191
Total revenues 14,70713,38014,243
Program costs 9,3059,1548,738
Grants 010
Administrative costs 775778611
Fundraising costs 2,6102,5262,548
Total spending 12,69012,45911,897
Cash flow from operations 2,0179212,345
Capital spending 3011,8403,283
Funding reserves 5,4194,5844,067

Note: Ci included unrecognized investment gain (loss), affecting revenues by ($179k) in F2020, ($198k) in F2019, and $4K in F2018. To report on a cash basis, Ci removed amortization from program costs. Ci reported gifts to qualified donees from the charity's T3010 filings with the CRA. 

Salary Information

Full-time staff: 94

Avg. Compensation: $80,694

Top 10 staff salary range:

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

Information from most recent CRA Charities Directorate filings for F2020

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Comments & Contact

Comments added by the Charity:

No comments have been added by charity

Charity Contact

Website: www.ysm.ca
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: (416) 929-9614

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