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Watch Tower and Tract Society of Canada

13893 Highway 7
Georgetown, ON L7G 4S4
President: Kenneth Little
Board President: Warren Shewfelt

Website: n/a
Charitable Reg. #: 11928 8918 RR0001
Sector: Religion
Operating Charity

Donor Accountability

Grade: D

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 ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Cents to The Cause

95¢
75¢
avg
65¢
50¢
2015 2016 2017
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #0

Avg. Compensation $0

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 0
$80k - $120k 0
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2017

About Watch Tower and Tract Society of Canada:

Founded in 1967, Watch Tower Bible and Tract Society of Canada is the head office of the Jehovah's Witnesses in Canada. Watch Tower granted $8.3 million to 11 Jehovah’s Witness charities across Canada with $8.1m to JW Congregation Support, which helps other JW congregations to build, buy, and remodel churches and other religious buildings as well as provides emergency relief to natural and man-made disasters. Watch Tower’s largest area of program spending is grants and gifts in kind to international charities. Excluding the $2.1m backed out due to amortization, Watch Tower sent $58.6m in F2017 to support charitable programs in other countries to further the worldwide Bible educational work of Jehovah's Witnesses. The Society also works with the Order of Special Full-Time Servants for Bible education, including special training schools for those that lead preaching activities of Jehovah's Witnesses.

During F2017, Watch Tower Bible and Tract Society of Canada sponsored 45 annual conventions in 24 locations within Canada to promote Bible education. It also printed 286 million Bible-based tracts, 86 million copies of the semi-monthly Bible journal ‘The Watchtower’, 62 million copies of ‘Awake!’ (companion to The Watchtower), and 8 million Bible-based brochures. These literature items were given for free to the public and congregation members throughout Canada, the United States, the Caribbean, and Guyana. The charity reported that it did not have any paid employees in F2017.

Financial Review:

Watch Tower and Tract Society of Canada is a Major 100 charity with $64.4m in donations in F2017. Its administrative costs are 3% of revenues and the charity does not report any fundraising costs. For every dollar donated, 97 cents go towards the charities programs, falling outside of Ci’s reasonable range for overhead spending.  Before its $21m in bank loans, the charity has $16.9m in gross funding reserves, resulting in a net program cost coverage ratio of -5%. The financial statements Watch Tower provides to the CRA Charities Directorate are incomplete, missing the financial notes and auditors information. 

This charity report is an update that has been sent to Watch Tower Bible and Tract Society of Canada for review. Changes and edits may be forthcoming.

Updated July 5, 2018 by Joeyanne Cheung.

Financial Ratios

Fiscal year ending August
201720162015
Administrative costs as % of revenues 2.7%2.0%3.2%
Fundraising costs as % of donations 0.0%0.0%0.0%
Program cost coverage (%) (4.9%)6.4%(8.1%)

Summary Financial Statements

All figures in $000s
201720162015
Donations 64,43478,10279,688
Investment income 161158548
Other income 4525683,086
Total revenues 65,04778,82883,322
Program costs - International 56,53834,23457,339
Program costs - Canada 21,54721,85427,424
Grants 8,2599,2603,846
Administrative costs 1,7771,5752,677
Fundraising costs 000
Cash flow from operations (23,074)11,904(7,964)
Funding reserves (4,235)4,186(7,201)
Note: There is no indication that the financial statements have been audited.

Comments added by the Charity:

The charity provided these comments for a previous version. Updated comments may be provided shortly.

During the 2010 fiscal year, the Society’s printery, located in Georgetown, Ontario underwent a major retrofit to accommodate the installation of a new MANRoland Lithoman double wide printing press.  The press is now being used to produce approximately 260 million copies of The Watchtower and Awake! magazines annually, a ten fold increase in production.  These Bible based journals are distributed at no charge to the general public and to members of its congregations throughout Canada, the United States and the Caribbean. As a result, our program costs are expected to increase significantly beginning with the 2011 fiscal year.

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