38 Isabella Street
Toronto, ON M4Y 1N1
CEO: Laura Bhoi
Board Chair: Sue Jaffe

Charitable Reg. #:11911 5426 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

[Charity Rating: 2/5]

✔+

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.

Fair

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 fair 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 a Fair impact rating based on demonstrated impact per dollar spent.

Impact Rating: Fair

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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.

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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


Financial Ratios

Fiscal year ending March
202220212020
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 Statements

All figures in $000s
202220212020
Donations 554543750
Goods in kind 5623
Government funding 4,0804,1832,806
Fees for service 3,6042,8983,234
Special events 187156314
Other income 7922
Total revenues 8,4377,7957,149
Program costs 6,4895,4334,989
Administrative costs 1,1391,1961,291
Fundraising costs 477245528
Total spending 8,1066,8746,808
Cash flow from operations 331921340
Capital spending 311120223
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

Full-time staff: 68

Avg. compensation: $70,191

Top 10 staff salary range:

$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:

No comments have been added by the charity.

Charity Contact

Website: www.renascent.ca
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 1-866-232-1212

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Charitable Registration Number: 80340 7956 RR0001