YMCA of Greater Vancouver
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.
68%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 68 cents are available for programs.
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OVERVIEW
About YMCA of Greater Vancouver:
YMCA of Greater Vancouver is a 2-star charity. It is financially transparent and has low overhead costs. However, it has a below average results reporting grade.
Founded in 1886, YMCA of Greater Vancouver (YMCA Vancouver) runs programs for children and families to strengthen communities. The charity helps people live healthier lives and teaches children leadership skills. It supports peoples’ spiritual, mental, and physical health. F2022 was the final year for YMCA Vancouver operating on its own. It has now merged with YMCAs in Kamloops Community and Northern BC to form YMCA British Columbia.
YMCA of Greater Vancouver runs four main programs: Child Care, Community Programs, Membership Branches, and Association Services.
In F2022, the Child Care program received 32% of program funds. YMCA Vancouver added 16 new childcare locations in F2022, which can care for 600 more kids. When the charity last counted in 2019, it provided childcare for 3,304 kids. This number has increased due to multiple expansions in recent years. In F2022, YMCA Vancouver held a panel discussion about childcare needs with government officials.
In F2022, YMCA Vancouver allocated 32% of program spending to its Community Programs. The charity ran multiple day and overnight camps which had 5,827 attendees in F2022. It also leads an Outdoor Education program which taught over 5,200 people. In F2022, the charity's mental health services supported 469 youth.
The remaining program funds were split between Membership Branches (22%) and Association Services (14%). YMCA Vancouver reported limited data on its activities in these areas. It helped open two new YMCA branches in British Columbia: the Bettle Allard YMCA and the Bob Chan-Kent Family YMCA.
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Results and Impact
Charity Intelligence found that YMCA of Greater Vancouver reported many stories but no numeric results on its work.
While Ci highlights these key results, they may not be a complete representation of YMCA of Greater Vancouver’s results and impact. This charity is not yet rated on impact (n/r).
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Finances
Ci consolidated the financial statements of YMCA of Greater Vancouver, YMCA of Greater Vancouver Foundation, and YMCA of Greater Vancouver Properties Foundation.
YMCA Vancouver received donations of $1.m in F2022. On its balance sheet, YMCA Vancouver Foundation included $13.7m in Strategic Reserve Donations. However, this value was backed out on the Statement of Cash Flow and had not yet come in at the end of F2022. YMCA Vancouver also received $26.5m in fees for services (47% of total revenues), $25.8m in government grants (453of total revenues), and $4.7m in business or rental income (8% of total revenues). Administrative costs are 9% of total revenues (less investment income) and fundraising costs are 24% of donations. This creates total overhead spending of 33%. For every dollar donated, 68 cents go to its programs. This falls within Ci’s reasonable range for overhead spending.
YMCA Vancouver and its foundations have $53.6m in total funding reserves, of which $11.6m is donor endowed. Excluding donor-endowed funds, YMCA Vancouver can cover around 11 months of program costs.
This charity report is an update that has been sent to YMCA of Greater Vancouver. Changes and edits may be forthcoming.
Updated on June 22, 2023 by Clive Stevens.
Financial Review
Fiscal year ending December
|
2022 | 2021 | 2020 |
|---|---|---|---|
| Administrative costs as % of revenues | 8.7% | 8.4% | 6.5% |
| Fundraising costs as % of donations | 23.5% | 4.6% | 11.2% |
| Total overhead spending | 32.2% | 13.0% | 17.7% |
| Program cost coverage (%) | 74.2% | 140.8% | 160.5% |
Summary Financial StatementsAll figures in $000s |
2022 | 2021 | 2020 |
|---|---|---|---|
| Donations | 1,336 | 3,836 | 2,520 |
| Government funding | 25,754 | 25,846 | 25,567 |
| Fees for service | 26,530 | 17,734 | 15,450 |
| Business activities (net) | 4,666 | 4,987 | 5,215 |
| Investment income | (1,316) | 10,250 | 6,353 |
| Other income | 3 | 87 | 14 |
| Total revenues | 56,973 | 62,739 | 55,119 |
| Program costs | 57,040 | 43,623 | 41,974 |
| Grants | 14 | 16 | 12 |
| Administrative costs | 5,042 | 4,405 | 3,178 |
| Fundraising costs | 314 | 176 | 283 |
| Other costs | 711 | 995 | 1,043 |
| Total spending | 63,122 | 49,216 | 46,489 |
| Cash flow from operations | (6,148) | 13,524 | 8,629 |
| Capital spending | 3,357 | 4,855 | 5,476 |
| Funding reserves | 53,551 | 73,637 | 77,946 |
Note: Ci consolidated the audited financial statements of YMCA of Greater Vancouver, YMCA of Greater Vancouver Foundation, and YMCA of Greater Vancouver Properties Foundation. Ci excluded grants from the foundation recognized as revenue, affecting total revenues and expenses by ($2.4m) in F2022, ($826K) in F2021, and ($485k) in F2020. Ci excluded grants from the properties foundation recognized as revenue, affecting total revenues and expenses by ($3.0m) in F2022, ($3.2m) in F2021, and ($3.3m) in F2020. Ci excluded grants from the foundation for the “What Really Matters” capital campaign, affecting total expenses by ($600k) in F2022, ($600k) in F2021, and ($500k) in F2020. To report on a cash basis, Ci adjusted donations by changes in deferred revenue from non-government sources. This affected revenues by $202k in F2022, $2.8m in F2021, and $1.2m in F2020. Ci included interest expenses, affecting other expenses and total expenses by ($432k) in F2022, ($532k) in F2021, and ($567k) in F2020.
Salary Information
$350k + |
0 |
$300k - $350k |
1 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
4 |
$120k - $160k |
5 |
$80k - $120k |
0 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2022
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Comments & Contact
Comments added by the Charity:
The YMCA is a powerful association of people of all ages and abilities joined together by a shared commitment: to strengthen community. We accomplish this goal by helping vulnerable children and families, promoting healthy living and reducing isolation. Last year, the YMCA helped more than 120,000 children, youth, adults, families and seniors become stronger through life-enhancing programs and services. The YMCA of Greater Vancouver has been serving the Lower Mainland, Fraser Valley and Sunshine Coast for 130+ years and currently offers programs at more than 222 locations. We are accredited by the Imagine Canada Charitable Standards Program and rigorously meet 73 dimensions in the areas of board governance, financial accountability and transparency, fundraising, staff management and volunteer involvement.
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 604-939-9622