Gates of Mercy

110 Eglinton Ave West, Suite 401
Toronto, ON M4R 1A3
Director: Michael Loghrin
Director: Laurell Salcman

Website: n/a
Charitable Reg. #: 89128 3145 RR0001
Sector: Fundraising Organization
Operating Charity

Donor Accountability

Grade: F

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

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 F2012

About Gates of Mercy:

Gates of Mercy (GOM) is a fundraising charity. Donations are raised and given to to charities around the world. According to its 2012 T3010 CRA filing, GOM granted $18.5m to various charities including organizations outside of Canada, listing AF Torah Emesorah Latinoamerica, and Ohel Iaacov in Argentina and Yesoday Hatorah in the UK. According to its 2012 T3010 CRA filing, GOM provides grants to charities in Argentina, Israel, the UK, the USA as well as to numerous Canadian organizations. GOM does not have a website and does not report any paid employees.

Financial Review:

Financial analysis is performed using the charity’s unaudited financial statements. GOM’s revenue in F2012 was $17.7m of which GOM issued tax receipts for $7.9m and $9.2m are donations from other charities. GOM’s administrative costs were 0.4% of revenues and the charity reported no fundraising costs. GOM has ($742k) in funding reserves due to $934k in loans payable.

Financial Ratios

Fiscal year ending August
Administrative costs as % of revenues 0.4%0.3%3.9%
Fundraising costs as % of donations 0.0%0.1%0.1%
Program cost coverage (%) (4%)1.0%(4.7%)

Summary Financial Statements

All figures in $000s
Donations 17,68020,43914,660
Goods in kind 002,430
Total revenues 17,68020,43917,090
Grants 18,45519,44917,237
Administrative costs 6966667
Fundraising costs 01915
Cash flow from operations (844)905(829)
Funding reserves (742)189(811)
Note: Ci performed analysis on GOM’s unaudited financial statements as audited statements are not available.

Comments added by the Charity:

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