Covenant House Vancouver

575 Drake Street
Vancouver, BC V6B 4K8
Executive Director: Krista Thompson
Board Chair: Sean Muggah

Website: www.covenanthousebc.org
Charitable Reg. #: 89767 5625 RR0001
Sector: Social Services - At-Risk Youth
Operating Charity

Social Results Reporting

Grade: A-

The grade is based on the charity's public reporting of the work it does and the results it achieves.

Financial Transparency

Audited financial statements for current and previous years available on the charity's website [ Audited financial statement for most recent year ]

Program Cost Coverage

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #131

Avg. Compensation $59,109

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 1
$200k - $250k 0
$160k - $200k 0
$120k - $160k 2
$80k - $120k 7
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2015

About Covenant House Vancouver:

Founded in 1997, Covenant House Vancouver aims to provide shelter and services to children and youth who seek help. Its vision is to reunite young people with their families, collaborate with community agencies, and advocate on behalf of youth. Covenant House Vancouver is a part of the Covenant House international organization that was incorporated in 1972.

The charity provides homeless, runaway and at-risk youth between the ages of 16 and 24 with short-term residential care through its Crisis Program. The 54-bed shelter (30 for males and 24 for females) offers medical attention, food, clothing, a safe bed and counselling. In F2015, 528 youths stayed in the shelter, and 49% left the shelter with housing.

Covenant House Vancouver also provides up to 2 years of transitional living support with the Rights of Passage (ROP) program. ROP provides young people with safe and affordable housing, allowing them to develop life and social skills in a nurturing, supportive environment. In F2015, 25 youths stayed in the program, with the average length of stay increasing over the past 6 years. Further, 100% of youth left the ROP with secure housing.

The charity's Street Outreach program helps youth aged 16 to 24 who are living, or at risk of living, on Vancouver's streets. The program offers on-the-spot assistance, providing food, counselling, minor medical attention and friendship to the youths. In F2015, 3,685 points of contact with 630 individual youths were made on the streets.

Covenant House Vancouver also reports that 96% of its youth believe that the charity has helped them. Further, 83% of youth feel more confident about their future after staying with Covenant House.

Financial Review:

Covenant House Vancouver is a large charity, with $11.9m in donations in F2015. Its administrative costs at 8% of revenues and fundraising costs at 32% of donations. For every $1 donated to the charity, just under 60 cents is put towards its programs, falling just outside of Ci's reasonable range. Covenant House Vancouver's funding reserves of $2.7m result in a program cost coverage ratio of 34%. This means that the charity can fund 4 months of its annual programs with its existing funds.

This charity report is an update that is being reviewed by Covenant House Vancouver. Changes and edits may be forthcoming.

Updated on May 24, 2016 by Lynn Tay.

Financial Ratios

Fiscal year ending June
201520142013
Administrative costs as % of revenues 8.4%7.9%7.7%
Fundraising costs as % of donations 31.7%27.2%30.6%
Program cost coverage (%) 34.1%39.6%28.0%

Summary Financial Statements

All figures in $000s
201520142013
Donations 11,88211,11110,695
Government funding 776659771
Business activities (net) 132134137
Investment income 91215
Other income 10610784
Total revenues 12,90512,02211,703
Program costs 8,0047,6667,606
Administrative costs 1,084950896
Fundraising costs 3,7683,0183,272
Cash flow from operations 49389(71)
Funding reserves 2,7263,0332,126
Note: Ci has removed amortization of capital and equipment from fundraising and administrative expenses on a pro-rata basis. Ci has adjusted amortization of deferred capital contributions by ($291k) in F2015, by ($291k) in F2014, and by ($294k) in F2013. Ci has adjusted amortization of property and equipment by ($344k) in F2015, by ($342k) in F2014, and by ($326k) in F2013.

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