5230 South Service Road
Burlington, ON L7L 5K2
President: Ken Forbes
Board Chair: Timothy Fallis

Website: www.speroway.com
Charitable Reg. #: 86886 9108 RR0001
Sector: International Aid
Operating Charity

Social Results Reporting

Grade: C+

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 available only through official request for information from Canada Revenue Agency [ Audited financial statement for most recent year ]

Program Cost Coverage

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #9

Avg. Compensation $62,289

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 1
$80k - $120k 1
$40k - $80k 3
< $40k 4
Information from most recent CRA Charities Directorate filings for F2014

About Speroway:

Speroway is a Christian relief and humanitarian organization whose aim is to respond to the needs of children and their families, in Canada and around the world. Speroway provides food, clothing, medicine, education and other essentials to needy children. It works in partnership with other relief and development organizations around the world to provide its services.

In F2014, Speroway distributed $5.4 million of food and other supplies globally. The charity also distributed 4,785 food boxes and 2,354 hygiene boxes across Canada. Speroway also offers a number of other programs including medical/dental services and scholarship programs. The charity's medical/dental team treated 4,919 patients in El Salvador. 21 students enrolled in the Wezesha scholarship program, where the charity hopes to empower youth in Kenya through education.

Financial Review:

In F2014 Speroway's administrative costs were 5% of revenues while its fundraising costs were 27% of donations. The charity has funding reserves of $699k, which can cover 41% of annual program costs excluding the cost of donated goods and 10% of annual program costs including the cost of donated goods. The charity paid off its long term debt in F2013, using the proceeds from the sale of assets which totalled $5.5m.

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

Updated July 14, 2015 by Yash Ahuja.

Financial Ratios

Fiscal year ending June
Administrative costs as % of revenues 4.7%1.7%1.9%
Fundraising costs as % of donations 27.4%33.1%38.1%
Program cost coverage (%) 40.7%32.1%(228.9%)

Summary Financial Statements

All figures in $000s
Donations 1,7951,7542,085
Goods in kind 5,35510,6657,779
Business activities (net) 18489613
Investment income 9030
Total revenues 7,25812,91110,478
Program costs 7,07212,2239,637
Administrative costs 336224197
Fundraising costs 491581794
Cash flow from operations (642)(118)(149)
Funding reserves 699500(4,252)
Note: Ci removed the gain/loss on the disposal of assets, changing revenues by $12k in F2014 and ($792k) in F2013.

Comments added by the Charity:

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