Dreams Take Flight
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✖
FINANCIAL TRANSPARENCY
Audited financial statements available only through official request for information from Charities Directorate.
D
RESULTS REPORTING
Grade based on the charity's public reporting of the work it does and the results it achieves.
Low
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.
68%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 68 cents are available for programs.
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OVERVIEW
About Dreams Take Flight:
Founded in 1989, Dreams Take Flight (DTF) gives one-day all expenses paid trips to Walt Disney World or Disneyland to children facing medical, mental, physical, social, or emotional challenges. Air Canada donates planes and volunteers raise money throughout the year. Donors give to cover all the expenses—aircraft fuel, park admission, spending money, plus cash for souvenirs and gifts.
Dreams Take Flight Canada sends planes from eight locations across Canada: Vancouver, Edmonton, Calgary, Winnipeg, Toronto, Ottawa, Montreal, and Halifax. Each year, Dreams Take Flight Canada aims to take over 100 children on board from each chapter.
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Results and Impact
Due to the high cost per child, Charity Intelligence has evaluated Dreams Take Flight to have Low impact per dollar.
Impact Rating: Low
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Finances
Dreams take flight is not financially transparent and does not produce audited financial statements. This financial review is based on unaudited and redacted statements provided by the CRA.
Donated goods in kind are not disclosed separately from donations on financial statements.
Dreams Take Flight Canada received total donations and special events revenues of $2.2m in F2018. Administrative costs are 9% of revenues (excluding investment income) and fundraising costs are 22% of donations. This gives a total overhead spending of 32%. For every dollar donated, 68 cents go to the cause. This is within Ci’s reasonable range for overhead spending.
Funding reserves of $4.2m can cover 2.8 years of annual program costs.
This charity report is an update that has been sent to Dreams Take Flight Canada for review. Changes and edits may be forthcoming.
Updated on July 27, 2021 by Asha McMullin.
Financial Review
Fiscal year ending December
|
2018 | 2017 | 2016 |
|---|---|---|---|
| Administrative costs as % of revenues | 9.1% | 10.0% | 6.5% |
| Fundraising costs as % of donations | 22.5% | 24.9% | 21.4% |
| Total overhead spending | 31.5% | 34.9% | 27.9% |
| Program cost coverage (%) | 282.4% | 342.1% | 278.4% |
Summary Financial StatementsAll figures in $s |
2018 | 2017 | 2016 |
|---|---|---|---|
| Donations | 1,159,308 | 944,636 | 959,030 |
| Lotteries (net) | 27,245 | 92,527 | 81,384 |
| Business activities (net) | (34,621) | (95,240) | (7,973) |
| Special events | 1,082,346 | 1,349,106 | 1,207,963 |
| Investment income | 17,061 | (13,483) | 31,862 |
| Other income | 1,643 | 7,063 | 96,288 |
| Total revenues | 2,252,982 | 2,284,609 | 2,368,554 |
| Program costs | 1,471,450 | 1,257,115 | 1,474,641 |
| Administrative costs | 202,539 | 230,761 | 151,161 |
| Fundraising costs | 503,850 | 570,466 | 463,506 |
| Other costs | 144,340 | 119,916 | 57,478 |
| Total spending | 2,322,179 | 2,178,258 | 2,146,786 |
| Cash flow from operations | (69,197) | 106,351 | 221,768 |
| Capital spending | 8,796 | 749 | 0 |
| Funding reserves | 4,155,169 | 4,301,033 | 4,105,250 |
Note: Ci presented merchandise sales net of expenses, affecting revenues and expenses by ($51k) in F2018, ($101k) in F2017, and ($13k) in F2016. Ci includes foreign exchange gain and loss in investment income affecting revenues by ($13k) in F2018 and ($42k) in F2017. The charity reports having no paid employees in F2019.
Salary Information
$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 F2019
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Comments & Contact
Comments added by the Charity:
Charity Contact
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