Burlington, ON L7L 5K2
President: Ken Forbes
Board Chair: Timothy Fallis
Charitable Reg. #: 86886 9108 RR0001
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.
Program Cost Coverage
Full-time staff #9
Avg. Compensation $62,289
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||1|
|$80k - $120k||1|
|$40k - $80k||3|
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.
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 RatiosFiscal 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 StatementsAll figures in $000s
|Goods in kind||5,355||10,665||7,779|
|Business activities (net)||18||489||613|
|Cash flow from operations||(642)||(118)||(149)|