Special Olympics Ontario Inc.
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
FINANCIAL TRANSPARENCY
Audited financial statements for current and previous years available on the charity’s website.
C
RESULTS REPORTING
Grade based on the charity's public reporting of the work it does and the results it achieves.
n/r
DEMONSTRATED IMPACT
The demonstrated impact per dollar Ci calculates from available program information.
NEED FOR FUNDING
Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.
75%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 75 cents are available for programs.
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OVERVIEW
About Special Olympics Ontario Inc.:
Special Olympics Ontario is a 2-star rated, financially transparent charity. It has a below average results reporting grade and its overhead spending is within Ci’s reasonable range. The charity has $7.4m in reserve funds, which can cover a year and seven months of annual program costs.
Founded in 1968, Special Olympics Ontario (SOO) provides year-round training and sports competitions for kids and adults with intellectual disabilities. The charity gives athletes the opportunity to play 18 sports and improve their physical skills. Sports are designated as winter, spring, and summer offerings. Winter sports include alpine skiing, curling, figure skating, floor hockey, Nordic skiing, snowshoeing, and speed skating. Spring sports include five-pin bowling, ten-pin bowling, basketball, powerlifting, rhythmic gymnastics, and swimming. Summer sports include athletics, bocce, golf, soccer and softball. In F2022, the charity served over 26,000 athletes in 95 communities.
In F2022, Special Olympics Ontario ran both virtual and in-person sporting events. 557 athletes participated in provincial virtual games while the virtual fitness and health programs had 14,788 participants.
Special Olympics Ontario reports that, on a typical team of ten athletes, nine have problems with flexibility or balance, seven are overweight or obese, four need eyeglasses, four have untreated tooth decay, three would fail a hearing test, and one needs urgent referral to a dentist. To help solve these health issues, Special Olympics Ontario’s Health program runs health screenings. There are eight different health screenings with the goal to improve athletes’ ability to train and compete. The charity has 13 eye exam locations in Kingston, nine in Guelph, and seven in Niagara. Currently, the charity has 118 healthcare providers in its network.
Special Olympics Ontario runs school and youth programs which help over 13,000 athletes. In F2022, 5,827 volunteers contributed to 1,249 programs and 110 events held in schools.
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Results and Impact
Special Olympics Ontario highlights multiple testimonials on its website of athletes who experienced personal growth, made friends, and became better athletes while participating in SOO’s programming.
Charity Intelligence did not find any quantified outcomes on the Special Olympics Ontario website. This may not be a complete representation of SOO's results and impact.
This charity is not yet rated on impact (n/r).
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Finances
Special Olympics Ontario is financially transparent. Its audited financial statements are publicly available on its website.
Special Olympics Ontario received donations and special events revenue of $3.3m in F2022. The charity also received $2.0m in government funding, representing 31% of total revenue. Administrative costs are 7% of revenues (excluding investment income) and fundraising costs are 17% of donations. This means overhead costs are 25%. For every dollar donated, 75 cents are available for programs. This is within Ci’s reasonable range of overhead spending.
Special Olympics Ontario has reserve funds of $7.4m, which can cover a year and seven months of annual program costs. Although reserve funds increased by $1.3m from F2021 to F2022, program costs increased by $1.2m, maintaining a relatively steady program cost coverage ratio.
This charity report is an update that was sent for review to Special Olympics Ontario. Changes and edits may be forthcoming.
Updated on August 2, 2023 by Victoria Allder.
Financial Review
Fiscal year ending June
|
2022 | 2021 | 2020 |
---|---|---|---|
Administrative costs as % of revenues | 7.2% | 8.7% | 7.9% |
Fundraising costs as % of donations | 17.4% | 23.1% | 21.1% |
Total overhead spending | 24.6% | 31.7% | 28.9% |
Program cost coverage (%) | 161.5% | 180.0% | 116.7% |
Summary Financial StatementsAll figures in $000s |
2022 | 2021 | 2020 |
---|---|---|---|
Donations | 129 | 158 | 154 |
Goods in kind | 128 | 115 | 18 |
Government funding | 1,974 | 1,712 | 1,106 |
Fees for service | 637 | 449 | 284 |
Lotteries (net) | 164 | 170 | 173 |
Special events | 3,184 | 2,358 | 3,740 |
Investment income | 88 | 83 | 220 |
Total revenues | 6,305 | 5,045 | 5,696 |
Program costs | 4,560 | 3,382 | 4,503 |
Administrative costs | 447 | 430 | 431 |
Fundraising costs | 577 | 580 | 820 |
Total spending | 5,585 | 4,393 | 5,754 |
Cash flow from operations | 720 | 652 | (58) |
Capital spending | 0 | 0 | 0 |
Funding reserves | 7,362 | 6,089 | 5,255 |
Note: Ci adjusted for deferred donations, affecting total revenues by ($24k) in F2022, $22k in F2021 and $39k in F2020. Ci has presented lottery revenue (Nevada Tickets) net of expenses, decreasing total revenues and expenses by $124k in F2022, $116k in F2021 and $107k in F2020.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
1 |
$80k - $120k |
2 |
$40k - $80k |
7 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2022
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Comments & Contact
Comments added by the Charity:
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: (416) 447-8326