United Way Toronto & York Region
Toronto, ON M5E 1W9
President & CEO: Susan McIsaac
Board Chair: Vince Timpano
Charitable Reg. #: 11927 8216 RR0001
Grade: A-The grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Full-time staff #204
Avg. Compensation $91,175
Top 10 Staff Salary Range
|$300k - $350k||1|
|$250k - $300k||1|
|$200k - $250k||1|
|$160k - $200k||7|
|$120k - $160k||0|
|$80k - $120k||0|
|$40k - $80k||0|
About United Way Toronto & York Region:
Founded in 1917, United Way Toronto merged with United Way of York Region in 2014 to form United Way Toronto and York Region (UWTYR). UWTYR works towards building strong communities, helping youth and fighting poverty. It also advocates for social issues and researches on unemployment and poverty in Greater Toronto Area. The charity raises funds from the community and grants to over 200 local charities. UWTYR is the biggest United Way in North America.
In F2016, United Way Toronto and York Region gave $108.9m in grants to other charities - $35.8m handling donor-designated donations (27% of donations) and stewarding $73.1m in grants to local charities in its area. United Way Toronto spent $4.7m on its own charity programs monitoring and evaluating grants and doing charity research. In F2015 United Way Toronto's largest grants were $3.8m to Family Service Toronto, $2.5m to Canadian Red Cross, $1.8m to Jewish Family and Child Service of Greater Toronto, $1.5m to YWCA Toronto and $1.3m to YMCA of Greater Toronto - 15% of total local charity grants. To address social issues and youth unemployment, charities funded by UWTYR provided 368 programs and 60,000 counselling sessions. UWTYR funded a further 966,000 meals for the poor and 183 programs for poverty reduction.
Through advocacy, United Way Toronto and York Region has influenced four key pieces of legislation. The new laws improved employment standards, regulated lending and implemented a Poverty Reduction Act. UWTYR contributed to the Poverty and Employment Precarity in Southern Ontario (PESPSO) research report. The report was cited 48 times in government proceedings and 55 times in journals and academic publications.
United Way Toronto and York Region is one of Canada’s Major 100 charities. It received donations of $131.5m in F2016. Administrative costs are 5% of total revenues and fundraising costs are 14% of total donations. Total overheads are 18%, falling within Ci’s reasonable range. United Way Toronto and York Region has total funding reserves of $119.2m, including $23.7m in donor-endowed funds. Excluding donor-endowed funds, funding reserves can cover the charity’s annual program costs for 1.2 years.
This report is an update and is currently being reviewed by the charity. Changes and edits may be forthcoming.
Updated July 15th, 2016 by Mirza Ali Shakir.
Financial RatiosFiscal year ending March
|Administrative costs as % of revenues||4.5%||3.5%||3.9%|
|Fundraising costs as % of donations||13.6%||12.7%||13.5%|
|Program cost coverage (%)||153.2%||172.6%||156.5%|
Summary Financial StatementsAll figures in $000s
|Cash flow from operations||300||5,789||2,537|