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.

70%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 70 cents are available for programs.



My anchor

OVERVIEW

About Yonge Street Mission:

Yonge Street Mission is a 4-star charity. It has an above-average results reporting grade and reasonable overhead costs. Charity Intelligence has not assessed (n/r) Yonge Street Mission's impact. 

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 per 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 F2021, YSM allocated 36% 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 an average of 2,000 meals a week at Evergreen in F2021. Additionally, 71 youth enrolled in Evergreen’s Helping Offenders on Probation Excel (HOPE) program, which promotes rehabilitation and reintegration.

YSM’s Cornerstone Family Services accounted for 19% of total program costs in F2021. Cornerstone offers Daycare, after-school programs, a computer lab, a food bank, 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 F2021, YSM allocated 14% of total program spending to Bridges. YSM reports that in F2020, Bridges served 6,818 meals and offered 1,500 hours of training to 763 active participants.

In F2021, YSM allocated 7% 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 the program spending (23%) went towards combined program support services for the programs mentioned above. These services include housing support, mental health counselling, job support, and food.

My anchor

Results and Impact

In F2021, Yonge Street Mission reported helping 1,768 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, 866 were in Evergreen, 214 were in Cornerstone, and 688 were in Bridges.

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).

My anchor

Finances

Yonge Street Mission had total donations of $10.8m in F2021. YSM also collected $239k in goods in kind and $1.1m in business activities. Administrative costs are 5% of revenues (less investment income) and fundraising costs are 25% of donations. This results in total overhead spending of 30%. For every dollar donated, 70 cents go to the cause, which is within Ci’s reasonable range of overhead spending. 

The charity has funding reserves of $8.5m, once $1.8m in current and long-term debt is accounted for. Excluding $5.9m in donor-endowed funds, YSM could cover 29% or roughly three 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 July 26, 2022 by Lin Zhu.  

Financial Review


Financial Ratios

Fiscal year ending September
202120202019
Administrative costs as % of revenues 4.8%5.3%5.8%
Fundraising costs as % of donations 25.4%26.6%29.5%
Total overhead spending 30.2%31.9%35.3%
Program cost coverage (%) 28.5%16.6%15.1%

Summary Financial Statements

All figures in $000s
202120202019
Donations 10,8459,8138,565
Goods in kind 239177162
Government funding 4,5653,9633,458
Business activities (net) 1,0777761,171
Investment income 568(23)24
Total revenues 17,29414,70713,380
Program costs 9,4549,3059,154
Grants 001
Administrative costs 807775778
Fundraising costs 2,7572,6102,526
Total spending 13,01912,69012,459
Cash flow from operations 4,2752,017921
Capital spending 2,7253011,840
Funding reserves 8,4955,4194,584

Note: Ci included unrecognized investment gain (loss), affecting revenues by $431k in F2021, ($179k) in F2020, and ($198k) in F2019. 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: 107

Avg. compensation: $72,372

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 F2021

My anchor

Comments & Contact

Comments added by the Charity:

No comments have been added by the 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

Print  
Image

Charity Intelligence researches Canadian charities for donors to be informed and give intelligently. Our website posts free reports on more than 800 Canadian charities, as well as in-depth primers on philanthropic sectors like Canada’s environment, cancer, and homelessness. Today over 500,000 Canadians use our website as a go-to source for information on Canadian charities reading over 1.6 million charity reports. Through rigorous and independent research, Charity Intelligence aims to assist Canada’s dynamic charitable sector in being more transparent, accountable and focused on results.

 

Be Informed. Give Intelligently. Have Impact

 

Charitable Registration Number: 80340 7956 RR0001