Streetohome is a 1-star charity. It has reasonable overhead costs and an above average results reporting grade. However, it is not financially transparent, has Low demonstrated impact, and funding reserves that can cover over three years of program and grant spending. Before you give, read Charity Intelligence's report.

Streetohome Foundation (Streetohome) was established in 2008 through a partnership between Vancouver Foundation, the City of Vancouver, and the Province of British Columbia. Streetohome tackles homelessness by providing safe, supportive, and affordable housing for people at risk of or experiencing homelessness in Vancouver. The charity does not directly provide housing – it funds charities and other non-profits in the Vancouver community that build homes or run housing programs. In 2015, Streetohome shifted its focus to include homelessness prevention. Streetohome granted a total of $1.2m in F2020, a 2385% increase from grants of $47k in F2019.

In its F2021 annual report, Streethome reported granting a total of $235k to Recovery Café, Want2, Vancouver Rent Bank, and Homeward Bound.

In F2021, Streetohome spent $91k on the Recovery Café project, representing 40% of total grants. The Recovery Café is a safe place for people recovering from homelessness, poverty, drug abuse, and mental health challenges. It will open during summer 2022 and will support up to 400 at-risk individuals in their recovery.

Streetohome also spent $85k on Want2, representing 35% of F2021 grants. Want2 is a mobile and web app that helps people set their goals and access community support services. The tool was piloted among a group of 350 tenants in 11 supportive housing buildings. In June 2022, the final version was released.

Streetohome granted $30k to Vancouver Rent Bank in F2021, representing 13% of grants. Vancouver Rent Bank provides interest free loans for people in danger of eviction or essential utility cut-off. It makes loans of up to $1,300 to individuals or $1,800 to families. 

In F2021, Streetohome gave $25k to First United Church for the Homeward Bound Program, representing 11% of total grants. Through Homeward Bound, Homelessness Services System providers coordinate travel for people in need. The providers ensure that housing is available in the new community and family and friends will support the participant. Since 2019, the program has helped 80 participants move into their chosen communities with verified housing and supports.

The following financial analysis uses figures from unaudited financial statements. Streetohome is not financially transparent. Ci received unaudited statements after making a formal request from Canada Revenue Agency. F2020 figures reflect the most recent information Ci received.

In F2020, Streetohome received $882k in donations. It also received $404k in government funding, representing 30% of total revenues. In F2019, donations dropped 76% from F2018 without indication of potential reasons.

Administrative costs are 16% of revenues and fundraising costs are 9% of donations. This results in total overhead spending of 25%. For every dollar donated, 75 cents go to the cause. This is within Ci’s reasonable range for overhead spending.

In F2020, Streetohome had funding reserves of $5.1m. These funding reserves could cover Streetohome's grants and program spending for three years and eight months at the F2020 level. 

Charity Intelligence sent an update of this report to Streetohome for review. Changes and edits may be forthcoming.

Updated on August 29, 2022 by Emily Downing.