P.O. Box 7000 Airport Station
Dorval, QC H4Y 1J2
President: Bev Watson
Vice President: Kyle Chrystian

Charitable Reg. #:88657 7857 RR0001

STAR RATING

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

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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.

65%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 65 cents are available for programs.

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Programs

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 in Canada: Vancouver, Edmonton, Calgary, Winnipeg, Toronto, Ottawa, Montreal, and Halifax. In F2019, 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 wish (estimated to be roughly $2,000 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 Canada is a ­­­­medium-sized charity, with total donations and special events revenues of $2.3m in F2017. Administrative costs are 10% of revenues (excluding investment income) and fundraising costs are 25% of donations. For every dollar donated, 65 cents go to the cause. This is within Ci’s reasonable range for overhead spending. Funding reserves of $4.3m can cover 3.4 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 August 15, 2019 by Lauren Chin.

Financial Review


Financial Ratios

Fiscal year ending December
201720162015
Administrative costs as % of revenues 10.0%6.5%4.6%
Fundraising costs as % of donations 24.9%21.4%17.8%
Total overhead spending 34.9%27.9%22.4%
Program cost coverage (%) 342.1%278.4%361.6%

Summary Financial Statements

All figures in $s
201720162015
Donations 944,636959,0301,020,607
Lotteries (net) 92,52781,3840
Business activities (net) (95,240)(7,973)(2,032)
Special events 1,349,1061,207,963996,521
Investment income 28,79131,86245,443
Other income 7,06396,288179,353
Total revenues 2,326,8832,368,5542,239,892
Program costs 1,257,1151,474,6411,100,880
Administrative costs 230,761151,161100,868
Fundraising costs 570,466463,506358,137
Other costs 119,91657,47899,099
Total spending 2,178,2602,146,7901,658,980
Cash flow from operations 148,625221,768580,908
Capital spending 74901,478
Funding reserves 4,301,0334,105,2503,980,266

Note: Ci presented merchandise sales net of expenses, affecting revenues and expenses by ($101k) in F2017, ($13k) in F2016, and ($4k) in F2015. The charity reports having zero paid employees.

Salary Information

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

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Comments & Contact

Comments added by the Charity:

Charity Contact

Website: www.dreamstakeflight.ca
This email address is being protected from spambots. You need JavaScript enabled to view it.

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