Wellspring Cancer Support Foundation

4 Charles Street East, Suite 300
Toronto, ON M4Y 1T1
CEO: Christina Smith
Board Chair: Jeff Watchorn

Website: www.wellspring.ca
Charitable Reg. #: 89272 8940 RR0001
Sector: Health - Cancer
Operating Charity

Social Results Reporting

Grade: B-

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

Financial Transparency

Most recent audited financial statements 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 #25

Avg. Compensation $79,011

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 1
$160k - $200k 0
$120k - $160k 1
$80k - $120k 3
$40k - $80k 5
< $40k 0
Information from most recent CRA Charities Directorate filings for F2014

About Wellspring Cancer Support Foundation:

The Wellspring Cancer Support Foundation (Wellspring) is a network of 9 community-based cancer support centres in the Greater Toronto Area, Southern Ontario and Alberta that collectively offer over 50 different programs. Through these programs, Wellspring provides support, coping skills, and education at no charge and without need of medical referral to individuals, family members and professional caregivers affected by cancer. Specific programs include support groups catering to different types of cancer, educational courses like "Money Matters" and "Nourish: Eating Well During Treatment", various physical activities such as yoga and tai chi to aid stress management and coping skills, and art and music courses for cancer patients, children of cancer patients, and the bereaved. Wellspring charges no fees and receives no government funding; programs and operations are made possible entirely through donations.

Financial Review:

In F2014, Wellspring's administrative costs were 16% of revenues, while fundraising costs were 30% of donations. Wellspring had funding reserves of $7.2m, which cover annual program costs 3.3 times. Wellspring's major fundraising initiative, the Wellspring Henderson Hoedown, is held every other year, accounting for the spike in revenues in F2013.

Financial Ratios

Fiscal year ending March
Administrative costs as % of revenues 16.1%7.3%7.9%
Fundraising costs as % of donations 30.3%21.5%26.9%
Program cost coverage (%) 325.6%279.6%355.2%

Summary Financial Statements

All figures in $s
Donations 2,385,5933,108,1352,555,440
Business activities (net) 20,432113,0390
Special events 984,2411,983,677258,292
Investment income 106,887112,79567,151
Other income 17,77126,56858,089
Total revenues 3,514,9245,344,2142,938,972
Program costs 2,199,5182,405,7592,251,084
Administrative costs 547,550382,642227,559
Fundraising costs 1,019,9601,093,602756,951
Cash flow from operations (252,104)1,462,211(296,622)
Funding reserves 7,160,6046,725,3887,994,649
Note: Ci adjusted revenues for deferred donations and contributions by ($145k) in F2014, ($1.5m) in F2013 and $767k in F2012. Revenues were also adjusted for amortization of deferred capital contributions by ($272k) in F2014, ($209k) in F2013 and ($174k) in F2012.

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