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.
B-
RESULTS REPORTING
Grade based on the charity's public reporting of the work it does and the results it achieves.
Average
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.
22%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 22 cents are available for programs.
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OVERVIEW
About Renascent:
Renascent Fellowship is a 2-star charity with Average demonstrated impact. It is financially transparent and has a below-average results reporting grade. It has persistently high fundraising costs leading to overhead spending outside Ci's reasonable range.
Founded in 1970, Renascent Fellowship (Renascent) treats drug and alcohol addiction and related mental health issues. The charity reports that Ontario has seen a 74% increase in people with mental health or addiction issues in recent years. Renascent offers comprehensive addiction treatment programs using the abstinence-based 12-step model, virtual outpatient care, family programs, and alumni services. It runs four addiction treatment centres: three in Toronto and one in Brooklin, ON.
Inpatient and Continuing Care Treatment programs comprised 70% of total program spending in F2022. Of this, 66% of programs were for men, and 33% were for women. Renascent offers gender-specific rehabilitation programs to address the unique concerns of men and women. The charity reports that it admitted 510 people into intensive inpatient treatment and delivered 18,589 patient days in F2022.
Renascent's Virtual Outpatient Intensive Treatment program accounted for 15% of program spending in F2022. In response to covid-19, the charity launched the program to continue its addiction recovery services online. Using video calls, participants engage in group counselling sessions with clinicians and therapists twice daily, every weekday. The charity reports admitting 291 people to treatment through this program in F2022.
The charity's Access Centre accounted for 9% of program spending in F2022. Renascent reports handling 32,418 phone calls from individuals looking for support in F2022.
Renascent's Family Care Program made up 5% of program spending in F2022. The Family program is tailored to meet the needs of everyone impacted by a family member's substance use. The charity reports that 318 people participated in the program through virtual platforms in F2022.
The remaining 1% of program spending was allocated to Alumni Services in F2022.
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Results and Impact
Renascent states that the tools and counselling it provides help people recover from the impacts of addiction.
While Ci highlights these key results, they may not be a complete representation of Renascent's results and impact.
Charity Intelligence has given Renascent an Average impact rating based on demonstrated impact per dollar spent.
Impact Rating: Average
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Finances
Charity Intelligence has consolidated the audited financial statements of Renascent Fellowship and Renascent Foundation.
Renascent is a small charity in terms of donations. It received $740k in donations and special events revenue in F2022. It also received $4.1m in government funding (48% of revenue) and $3.6m in fees for service (43% of revenue).
Administrative costs are 14% of revenues, and fundraising costs are 65% of donations and special events revenue. This results in total overhead spending of 78%. For every dollar donated to the charity, 22 cents go to the cause, which is well outside Ci's reasonable range for overhead spending. Renascent's overhead costs have been outside Ci's reasonable range since it was first analyzed in 2014.
Renascent has $1.6m in reserve funds (cash and investments) and $1.7m in interest-bearing debt, resulting in negative net funding reserves. Excluding its debt, the charity could cover 25% or three months of its annual program costs.
This charity report is an update that has been sent to Renascent for review. Changes and edits may be forthcoming.
Updated on August 22, 2023, by Sydney Olexa.
Financial Review
Fiscal year ending March
|
2022 | 2021 | 2020 |
---|---|---|---|
Administrative costs as % of revenues | 13.5% | 15.4% | 18.1% |
Fundraising costs as % of donations | 64.5% | 35.1% | 49.6% |
Total overhead spending | 78.0% | 50.5% | 67.7% |
Program cost coverage (%) | (1.1%) | (3.3%) | (17.7%) |
Summary Financial StatementsAll figures in $000s |
2022 | 2021 | 2020 |
---|---|---|---|
Donations | 554 | 543 | 750 |
Goods in kind | 5 | 6 | 23 |
Government funding | 4,080 | 4,183 | 2,806 |
Fees for service | 3,604 | 2,898 | 3,234 |
Special events | 187 | 156 | 314 |
Other income | 7 | 9 | 22 |
Total revenues | 8,437 | 7,795 | 7,149 |
Program costs | 6,489 | 5,433 | 4,989 |
Administrative costs | 1,139 | 1,196 | 1,291 |
Fundraising costs | 477 | 245 | 528 |
Total spending | 8,106 | 6,874 | 6,808 |
Cash flow from operations | 331 | 921 | 340 |
Capital spending | 311 | 120 | 223 |
Funding reserves | (69) | (181) | (885) |
Note: Ci has consolidated audited financial statements of Renascent Fellowship and Renascent Foundation. Ci removed related party transactions, decreasing revenues and expenses by $4.2m in F2022, $3.0m in F2021, and $3.7m in F2020. Ci reported administrative and fundraising costs from the operating charity and the Foundation's T3010 filings with the CRA. Ci included donated goods in kind, increasing revenues by $5k in F2022, $6k in F2021, and $23k in F2020.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
2 |
$80k - $120k |
8 |
$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:
Charity Contact
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