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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: Intermediary
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

Cents to The Cause

2013 2014 2015
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 F2015

About Gates of Mercy:

Established in 1991, Gates of Mercy is a fundraising charity that distributes funds to provide relief of poverty, educational subsidies and bursaries as well as donations to other registered charities. According to its F2015 financial statements, Gates of Mercy granted $4.1m, of with $1.1m was distributed to registered charities. The charity’s T3010 filing indicates $1.0m was distributed to charities and organizations outside of Canada, including Corpoacion Aish and Ieladeinu in Chile, and AF Birchas Hatorah in Israel.

DONOR ADVISORY: Gates of Mercy does not have a website and does not report any paid employees. All information in this report was gathered through the charity’s T3010 filing and unaudited financial statements provided by the CRA.

Financial Review:

This financial review was prepared using unaudited financial statements provided from the CRA. Gates of Mercy is a medium-sized charity with $4.1m in donations in F2016. Administrative costs were 1% of revenues and no fundraising costs were reported. As such, for every $1 donated, 99 cents went to the cause. This falls outside of Charity Intelligence’s reasonable range for overhead spending. Gates of Mercy is in debt with loans payable of $1.2m exceeding liquid assets of $104k in F2015. It is unclear whether these loans are interest-bearing.

This charity review is an update that is currently being reviewed by Gates of Mercy. Changes and edits may be forthcoming.

Updated on June 22, 2017 by Juliana Badovinac.

Financial Ratios

Fiscal year ending August
Administrative costs as % of revenues 0.7%0.8%1.0%
Fundraising costs as % of donations 0.0%0.0%0.0%
Program cost coverage (%) (27.8%)(30.2%)(23%)

Summary Financial Statements

All figures in $s
Donations 4,124,1623,119,8393,591,696
Investment income 0(40,000)0
Total revenues 4,124,1623,079,8393,591,696
Grants 4,114,5483,111,7823,595,583
Administrative costs 29,06223,41835,811
Fundraising costs 000
Cash flow from operations (19,448)(55,361)(39,698)
Funding reserves (1,142,270)(939,703)(826,873)
Note: Loss on investments was reallocated to revenues, decreasing revenues and expenses by $40k in F2014. Ci performed analysis on Gates of Mercy's unaudited financial statements as audited statements are not available.

Comments added by the Charity:

No comments have been added by charity
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