True Patriot Love Foundation
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.
61%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 61 cents are available for programs.
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OVERVIEW
About True Patriot Love Foundation :
True Patriot Love Foundation is a 2-star, financially transparent charity. It has a below average results reporting grade and its overhead spending is outside of Ci's reasonable range. The charity has $6.5m in reserve funds, which can cover two years of program costs.
Founded in 2009, True Patriot Love Foundation (TPL) raises money to fund programs that support Canadian military, veterans and their families. TPL funds programs that fit into four focus areas: Stronger Military Families, Well-being and Mental Health, Rehabilitation and Recovery, and Connection with Communities. Since 2009, TPL states that it has committed over $37 million to fund research and support 979 community-based programs across Canada, impacting over 38,340 lives. The charity does not provide a breakdown of program costs.
In F2022, True Patriot Love Foundation reports granting over $1.6 million to 34 programs from 22 charities. The charities that received the biggest grants were Support Our Troops ($293k), Wounded Warriors Canada ($196k) and Veterans Transition Network ($180k). The charity reports that its work impacted over 740 people in F2022. The charity does not indicate which grants are associated with the four focus areas.
Stronger Military Families programming addresses the needs of military and veteran families. True Patriot Love reports that children in military families experience double the rate of mental health issues compared to children in civilian families.
Well-being and Mental Health programs acknowledge the effects that military service can have on those who serve and their families. TPL reports that 41% of Canadian Armed Forces personnel who are medically released suffer from mental health injury or illness. The charity’s Bell True Patriot Love Fund supports organizations that provide immediate mental health support for the military community. Since 2013, the fund has provided 124 grants to organizations across Canada.
Rehabilitation and Recovery programs provide accommodations that help severely injured military members and their families adjust to civilian life. TPL reports that 60% of military personnel who are medically released have permanent physical limitations whereas 42% suffer from musculoskeletal injuries.
Connection with Communities programs aim to foster connection with communities through mentorships, volunteering and advocacy. The charity states that 39% of veterans report difficulty in adjusting to civilian life.
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Results and Impact
Charity Intelligence did not find any quantified outcomes on True Patriot Love Foundation’s website. This may not be a complete representation of TPL's results and impact.
This charity is not yet rated on impact (n/r).
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Finances
True Patriot Love Foundation is financially transparent. Its audited financial statements are publicly available on its website.
True Patriot Love Foundation reported a change in fiscal year end from December to March, in 2020. The F2021 audited financial statement reflects financial activity from January 2020 to March 2021.
True Patriot Love Foundation received $4.2m in donations and special events fundraising in F2022, a 35% ($2.2m) drop from F2021. It also received $195k in donated goods in kind. Administrative costs are 9% of total revenue and fundraising costs are 30% of donations and special events fundraising. For every dollar donated to TPL, 61 cents go to the cause. This is outside Ci’s reasonable range for overhead spending.
TPL has $6.5m in reserve funds, which can cover two years of annual program costs and grants spending. Reserve funds went from $1.4m in F2019 to over $6.0m in F2021 and F2022. This is mostly due to an increase in donations and governemnt funding in F2021.
This report is an update that has been sent to True Patriot Love Foundation for review. Comments and edits may be forthcoming.
Updated on July 7, 2023 by Victoria Allder.
Financial Review
Fiscal year ending March
|
2022 | 2021 | 2019 |
|---|---|---|---|
| Administrative costs as % of revenues | 9.2% | 5.9% | 11.5% |
| Fundraising costs as % of donations | 29.6% | 15.6% | 46.1% |
| Total overhead spending | 38.8% | 21.5% | 57.5% |
| Program cost coverage (%) | 200.1% | 273.0% | 38.9% |
Summary Financial StatementsAll figures in $000s |
2022 | 2021 | 2019 |
|---|---|---|---|
| Donations | 1,769 | 4,867 | 2,560 |
| Goods in kind | 195 | 145 | 205 |
| Government funding | 987 | 2,242 | 250 |
| Special events | 2,414 | 1,558 | 1,706 |
| Investment income | 15 | 32 | 0 |
| Other income | 0 | 0 | 56 |
| Total revenues | 5,380 | 8,843 | 4,777 |
| Program costs | 1,620 | 1,172 | 1,093 |
| Grants | 1,631 | 1,047 | 2,382 |
| Donated goods exp | 145 | 102 | 67 |
| Administrative costs | 493 | 517 | 548 |
| Fundraising costs | 1,244 | 1,006 | 1,966 |
| Total spending | 5,134 | 3,844 | 6,056 |
| Cash flow from operations | 246 | 5,000 | (1,279) |
| Capital spending | 0 | (1) | 14 |
| Funding reserves | 6,508 | 6,058 | 1,353 |
Note: Ci adjusted for deferred donations, affecting revenue by $95k in F2022, $2.9m in F2021 and ($375k) in F2019. Ci removed amortization of capital assets (nil on F2022, $9k in F2021 and $6k in F2019) from administrative costs. Ci’s fundraising ratio calculation includes donated goods used in fundraising (on both the expense and revenue side) as disclosed in the audited financial statements ($25k in F2022, $22k in F2021, $100k in F2019).
Salary Information
$350k + |
0 |
$300k - $350k |
1 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
2 |
$80k - $120k |
6 |
$40k - $80k |
1 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2022
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Comments & Contact
Comments added by the Charity:
The following comments were provided by the charity with respect to a previous profile. Updated comments may be forthcoming.
The True Patriot Love Foundation supports transparency in financial reporting so that donors can make informed choices on where to direct their funds. We invite you to visit http://truepatriotlove.com/content/uploads/2017/08/2016-Annual-Report_FINAL-2-1.pdf and read our annual report to better understand the context of the data and the impact of our work.
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 416-628-1432