306 Gerrard Street East
Toronto, ON M5A 2G7
President & CEO: Angie Draskovic
Board Chair: William Onuwa

Charitable Reg. #:11930 6181 RR0001

STAR RATING

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

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✔+

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.

69%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 69 cents are available for programs.



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Programs

About Yonge Street Mission:

Founded in 1896, Yonge Street Mission aims to end chronic poverty in Toronto in one generation. Services include a food bank and meal programs, employment and computer training, school readiness programs, health care, counselling and personal development, daycare, and a post-secondary scholarship fund. Yonge Street Mission aims to help people get out of poverty and gain independence. 

Yonge Street Mission runs four main programs: three centres that serve select groups, and a community development program. YSM Evergreen Centre (29% of program costs) serves youth aged 16-24, YSM Cornerstone (15% of program costs) provides family support services, and YSM Bridges (9% of program costs) provides support services to adults, aged 21-60. Yonge Street Mission uses a RISE model for its centres: Respond includes drop-in, food, and clothing programs; Invite includes health, counselling, and mentorship services; Support includes education, life skills, employment, and housing services; and Engage includes community engagement after individuals have transitioned to independence. In F2018, over 1,400 homeless and at-risk youth received housing supports, including assistance securing housing, eviction prevention, housing stabilization and budget assistance. 40% of program costs are made up by support services across the above programs, including food, housing, employment, and mental health services. 

Yonge Street Mission’s community development program (7% of program costs) works with vulnerable communities (currently Regent Park and Moss Park) composed of people who are marginalized due to cultural, economic, or social barriers. YSM’s programs promote social cohesion and community leadership development. In April 2018, YSM expanded community development efforts to York-South Weston and began building partnerships with local charities.  

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Results and Impact

In F2018, Yonge Street Mission reported a total of 1,191 individuals and families it has helped towards a positive outcome, defined by the charity as securing shelter, employment, education, and/or healthier living. Of this total figure, 130 were families, 601 were youth, 390 were adults, and 70 were individuals experiencing mental health challenges.  

As a result of YSM’s Employment Job Fair in March 2018, 40% of job seekers found employment. In addition, YSM’s youth program resulted in employment for 80% of youth participants.  

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Finances

Yonge Street Mission is a medium-sized charity with donations of $9.5m in F2018. Government funding contributed an additional $3.2m to revenues. Administrative costs were 4% of revenues (excluding investment income) and fundraising costs were 27% of donations. For every $1 donated, 69 cents go to Yonge Street Mission’s programs. This is within Ci’s reasonable range of overhead spending. 

The charity has funding reserves of $4.1m, including $3.0m of donor-endowed funds. Yonge Street Mission can cover annual program costs for months (less than 2 months excluding donor-endowed funds).  

This charity report is an update that was sent to Yonge Street Mission for review. Changes and edits may be forthcoming. 

Updated on June 26, 2019 by Caroline McKenna. 

Financial Review


Financial Ratios

Fiscal year ending September
201820172016
Administrative costs as % of revenues 4.4%4.7%4.7%
Fundraising costs as % of donations 26.7%35.3%28.3%
Total overhead spending 31.0%40.1%32.9%
Program cost coverage (%) 44.0%53.7%62.1%

Summary Financial Statements

All figures in $000s
201820172016
Donations 9,5458,0918,081
Goods in kind 194145204
Government funding 3,1523,2653,019
Business activities (net) 1,1601,1371,155
Investment income 187165141
Total revenues 14,23912,80412,600
Program costs 9,2539,2159,150
Administrative costs 611599579
Fundraising costs 2,5482,8592,283
Total spending 12,41212,67312,012
Cash flow from operations 1,826132588
Capital spending 3,2831,9016,457
Funding reserves 4,0674,9505,678

Salary Information

Full-time staff: 96

Avg. Compensation $67,086

Top 10 staff salary range

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
0
$120k - $160k
3
$80k - $120k
7
$40k - $80k
0
< $40k
0

Information from most recent CRA Charities Directorate filings for F2018

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Comments & Contact

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Charity Contact

Website: www.ysm.ca
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