5230 South Service Road, Unit 202
Burlington, ON L7L 5K2
President: Ken Forbes
Board Chair: Timothy Fallis

Charitable Reg. #:86886 9108 RR0001


Ci's Star Rating is calculated based on the following independent metrics:

[Charity Rating: 2/5]



Audited financial statements for current and previous years available on the charity’s website.



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



The demonstrated impact per dollar Ci calculates from available program information.


Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.



For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 84 cents are available for programs.

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About Speroway:

Speroway is a 2-star charity that is financially transparent. Its results reporting grade is a C-, which is below average. The overhead spending is 16%, which is within Ci’s reasonable range. Speroway has reserve funds to cover program costs for almost 2 years.

Founded in 2004, Speroway is a Christian charity that supports vulnerable children and communities around the world and in Canada by providing food, education, healthcare, and other essentials. The charity does development work in Malawi, Kenya, Haiti, Dominican Republic, El Salvador, and Nicaragua. The charity states that its goal is to find lasting and integrated solutions to hunger, malnutrition, illness, and illiteracy.

Food & Nutrition: Speroway helps with school feeding programs and community feeding programs to provide necessary meals and nutrition to vulnerable families and children. The charity also runs agricultural projects by giving improved seeds and teaching better farming practices to increase agricultural productivity. Speroway states that it provided over 6,500,000 meals across the world last year. It also states that it contributes nearly 1,000,000 meals to vulnerable people in Canada per year, and nearly 80,000 meals monthly to people in Malawi.

Education: Speroway works at providing scholarships to motivated and high academic achievers, but whose families cannot afford education. The students receive financial support for tuition and school supplies, as well as mentoring, career counselling and leadership development. Speroway also runs life skills programs which focus on trades, such as sewing and language, to increase economic opportunities.

Healthcare: Speroway’s healthcare program includes work on malnutrition, deworming, community health, and basic healthcare and medicine. A clinic in Nicaragua, which is staffed by Nicaraguan nurses, serves approximately 40 people per day.

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Results and Impact

Speroway reports that 2,639 people received medical care from its clinic in Nicaragua in F2019. Speroway also provides meals to vulnerable people that would otherwise go hungry.

While Ci highlights these key results, they may not be a complete representation of Speroway's results and impact.

Charity Intelligence has given Speroway an Average impact rating based on demonstrated impact per dollar spent.

Impact Rating: Average

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Speroway had donations of $1.1m in F2023. Speroway also received donated goods and supplies valued at $8.8m.

The charity received $12k in government funding representing 1% of total revenues (excluding donated goods).

Administrative costs are 1% of revenues (less investment income) and fundraising costs are 15% of donations. This results in total overhead spending of 16%. This is within Ci’s reasonable range for overhead spending. 

Speroway has $1.4m in reserve funds. These reserve funds are the charity’s cash and investments. The charity has 1 year and 11 months of annual program costs (excluding donated goods) covered by its current reserves.

This charity report is an update that has been sent to Speroway for review. Changes and edits may be forthcoming. 

Updated on June 4, 2024, by Lily Ferguson.

Financial Review

Financial Ratios

Fiscal year ending June
Administrative costs as % of revenues 0.8%1.3%1.0%
Fundraising costs as % of donations 15.3%9.9%14.5%
Total overhead spending 16.1%11.2%15.5%
Program cost coverage (%) 190.4%180.7%236.7%

Summary Financial Statements

All figures in $000s
Donations 1,0611,021860
Goods in kind 8,8095,8006,511
Government funding 122499
Investment income 68(102)52
Total revenues 9,9516,7447,522
Program costs 709653458
Donated goods exp 8,8095,8006,511
Administrative costs 818972
Fundraising costs 163101125
Total spending 9,7626,6447,166
Cash flow from operations 189100356
Capital spending 000
Funding reserves 1,3501,1801,085

Note: Ci removed donations received in past years that are reported in this year. This adjustment for deferred donations affects total revenue by ($4k) in F2023, $69k in F2022, and $42k in F2021. Ci added investment income to revenues affecting total revenue by $68k in F2023, ($102k) in F2022, and $52k in F2021. Speroway does not disclose donor-endowed funds separate from board-endowed funds. As such, no deduction for endowments is made to funding reserves.

Salary Information

Full-time staff: 4

Avg. compensation: $50,821

Top 10 staff salary range:

$350k +
$300k - $350k
$250k - $300k
$200k - $250k
$160k - $200k
$120k - $160k
$80k - $120k
$40k - $80k
< $40k

Information from most recent CRA Charities Directorate filings for F2023

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Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

Website: www.speroway.com
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 1-289-861-1346


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Charitable Registration Number: 80340 7956 RR0001