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.
56%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 56 cents are available for programs.
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OVERVIEW
About True Patriot Love Foundation :
True Patriot Love Foundation is a 2-star charity that is financially transparent. It has a below-average results reporting grade of C- and its overhead spending is 44% which is outside of Ci's reasonable range.
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 $47m to fund research and support 1,065 community-based programs across Canada, impacting over 41,000 lives. The charity does not provide a breakdown of program costs.
In F2023, True Patriot Love Foundation reports granting over $2.7 million to 46 programs. According to its financial statements, it also spent $1.4m on program activities and granted $592k to Vancouver Whistler Games Corporation activities, which is a non-profit that TPL controls.
Stronger Military Families programming addresses the needs of military and veteran families and supports spouses, caregivers, and children. True Patriot Love reports that children in military families experience double the rate of mental health issues compared to children in civilian families. In F2023, the charity supported 16 primary programs and nine secondary programs.
Well-being and Mental Health programs acknowledge the effects that military service can have on those who serve and their families. TPL invests in mental health and transition programs. The charity reports that over 461,000 veterans and their families currently live in Canada, many of whom are impacted by challenges related to transitioning to civilian life. In F2023, the charity supported 14 primary programs and 27 secondary programs.
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. Additionally, one in five Canadian veterans experience mental health disorders such as depression, PTSD, and anxiety. In F2023, the charity supported 16 primary programs and two secondary programs.
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. In F2023, the charity supported eight secondary programs.
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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 had donations and special event revenues of $4.3m in F2023. The charity also received $1.2m in government funding representing 22% of total revenues.
Administrative costs are 8% of revenues (less investment income) and fundraising costs are 37% of donations and special events. This results in total overhead spending of 44%, which is outside of Ci’s reasonable range for overhead spending.
True Patriot Love Foundation has $5.4m in reserve funds. These reserve funds are the charity’s cash and investments. The charity has one year and two months of annual program costs covered by its current reserves.
This charity report is an update that has been sent to True Patriot Love Foundation for review. Changes and edits may be forthcoming.
Updated on August 9, 2024, by Lily Ferguson.
Financial Review
Fiscal year ending March
|
2023 | 2022 | 2021 |
---|---|---|---|
Administrative costs as % of revenues | 7.5% | 8.6% | 5.9% |
Fundraising costs as % of donations | 36.6% | 29.6% | 15.6% |
Total overhead spending | 44.1% | 38.2% | 21.5% |
Program cost coverage (%) | 116.3% | 200.1% | 273.0% |
Summary Financial StatementsAll figures in $000s |
2023 | 2022 | 2021 |
---|---|---|---|
Donations | 2,395 | 1,912 | 4,867 |
Goods in kind | 0 | 195 | 145 |
Government funding | 1,238 | 1,350 | 2,242 |
Special events | 1,888 | 2,271 | 1,558 |
Investment income | 143 | 15 | 32 |
Other income | 88 | 0 | 0 |
Total revenues | 5,752 | 5,743 | 8,843 |
Program costs | 1,372 | 1,620 | 1,172 |
Grants | 3,305 | 1,631 | 1,047 |
Donated goods exp | 0 | 145 | 102 |
Administrative costs | 423 | 493 | 517 |
Fundraising costs | 1,567 | 1,244 | 1,006 |
Total spending | 6,667 | 5,134 | 3,844 |
Cash flow from operations | (915) | 610 | 5,000 |
Capital spending | 23 | 13 | 1 |
Funding reserves | 5,438 | 6,508 | 6,058 |
Note: Ci adjusted for deferred events and program revenue, deferred donations, and deferred government funding, affecting revenues by ($473k) in F2023, $95k in F2022, and $2.9m in F2021. The Foundation controls Vancouver Whistler Games Corporation (VWGC) and is its sole member. In F2023, TPL spent $592k on VWGC activities and recovered $588k from VWGC. TPL also advanced $500k to VWGC. Ci adjusted for these in other revenue and total grant expenses. In F2023, TPL did not disclose the use of donated goods.
Salary Information
$350k + |
1 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
3 |
$80k - $120k |
5 |
$40k - $80k |
1 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2023
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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