United Way Halifax
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
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.
73%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 73 cents are available for programs.
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OVERVIEW
About United Way Halifax:
United Way Halifax is a 4-star charity with a below-average results reporting grade. The charity has reasonable overhead spending and is financially transparent. With its current reserves, the charity can cover over 2 years of annual program costs.
Founded in 1925, United Way Halifax (UWH) raises funds to address poverty in the Halifax region. UWH focuses on poverty solutions, affordable housing, and homelessness. The charity reports that 43.9% of those aged 15-29 years living alone in Halifax cannot afford basic necessities.
In F2022, UWH spent $3.5 million into the community. This included $1.1m in in-house program costs, $1.4m in grants to other charities and $1.1m in donor-designated grants. Program costs include funds that UWH provides for partnership facilitation, research and public engagement on issues involving equity, housing and poverty. UWH’s granting falls into three categories: poverty to prosperity, increasing community connectedness, and creating affordable housing. In F2022, the charity directly supported 31 programs, helping 13,979 people. Of these programs, 40% focused on children and youth. It also supported 10 programs to renovate neighborhood kitchens and gathering spaces.
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Results and Impact
In F2022, United Way Halifax helped 553 people increase their quality of life with employment. The charity's community programs helped 5,478 access healthy food and 3,542 people create new social connections.
While Ci highlights these key results, they may not be a complete representation of United Way Halifax's results and impact. This charity is not yet rated for impact (n/r).
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Finances
In 2020, United Way Halifax changed its year-end from December to March. The information presented below for 2020 represents the 3-month period from January to March.
United Way Halifax received donations of $5.2m in F2022. Administrative costs are 7% of total revenues (excluding investment income) and fundraising costs are 21% of total donations. This means United Way Halifax spends 27% on overhead. For every dollar donated, 73 cents go to the cause. This is within Ci’s reasonable range for overhead spending.
United Way Halifax has $5.2m in reserve funds. These are the charity’s cash and investments. The charity could cover around two years and one month of program spending at the F2022 level. The program spending ratio increased from F2021 by 176% primarily due to a 75% reduction in grants dispersed.
The F2020 program cost coverage is not comparable as no grants were reported during the 3-month fiscal year.
This charity report is an update that has been sent to United Way Halifax for review. Changes and edits may be forthcoming.
Updated on June 23, 2023 by Alessandra Castino.
Financial Review
Fiscal year ending March
|
2022 | 2021 | 2020 |
---|---|---|---|
Administrative costs as % of revenues | 6.7% | 3.8% | 0.0% |
Fundraising costs as % of donations | 20.6% | 22.8% | 35.6% |
Total overhead spending | 27.2% | 26.6% | 35.6% |
Program cost coverage (%) | 211.1% | 76.6% | 265.5% |
Summary Financial StatementsAll figures in $000s |
2022 | 2021 | 2020 |
---|---|---|---|
Donations | 5,192 | 4,488 | 718 |
Government funding | 410 | 4,648 | 0 |
Investment income | 123 | 113 | 0 |
Other income | 268 | 50 | 36 |
Total revenues | 5,993 | 9,300 | 754 |
Program costs | 1,056 | 890 | 323 |
Grants | 1,400 | 5,658 | 0 |
Donor-designated donations | 1,082 | 683 | 20 |
Administrative costs | 393 | 351 | 0 |
Fundraising costs | 1,067 | 1,022 | 256 |
Total spending | 4,998 | 8,605 | 599 |
Cash flow from operations | 995 | 695 | 156 |
Capital spending | 0 | 0 | 0 |
Funding reserves | 5,185 | 5,017 | 3,428 |
Note: Ci used the charity's T3010 filing with the CRA to report its admin cost as a separate line item and removed the amount from program costs and grants on a pro-rata basis. Ci adjusted for deferred donations, affecting total revenues by $1.1m in F2022, ($54k) in F2021 and ($790k) in F2020.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
1 |
$80k - $120k |
5 |
$40k - $80k |
4 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2022
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Comments & Contact
Comments added by the Charity:
Charity Contact
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