3475 Mainway P.O. Box 5070 STN LCD 1
Burlington, ON L7R 3Y8
Executive Director: Ida Kaastra-Mutoigo
Board President: Andrew Geisterfer

Charitable Reg. #:11885 7366 RR0001

STAR RATING

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

[Charity Rating: 5/5]

✔+

FINANCIAL TRANSPARENCY

Audited financial statements for current and previous years available on the charity’s website.

A-

RESULTS REPORTING

Grade based on the charity's public reporting of the work it does and the results it achieves.

Good

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.

83%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 83 cents are available for programs.



My anchor

OVERVIEW

About World Renew:

Founded in 1962, World Renew runs disaster relief and development projects to promote health, food security, and peace. The charity is a ministry of the Christian Reformed Church and partners with local churches and Christian aid organizations. It also works closely with both World Renew USA and Canadian Foodgrains Bank to run its global projects.

World Renew’s main programs include Disaster Programs, Overseas Development, Education and Justice, and Domestic Development.

Disaster Programs were 73% of program costs in F2020. World Renew responds to emergencies such as the refugee crisis in Bangladesh, floods in South Sudan, and conflict in Yemen. In F2020, the charity helped 1,139,531 people in 27 countries through its disaster programs. During the year, World Renew also contacted 994 disaster-affected families to assess their needs and rebuilt 214 damaged homes.

Overseas Development made up 22% of program costs in F2020. World Renew works with 76 Christian partners and 1,254 communities to promote sustainable development. The charity’s development programs aim to improve food security, health, economic opportunity, and peace and justice across 21 countries. World Renew helped a total of 274,495 people through its development projects in F2020. This included 1,100 women who received health checks and maternal health training in Kenya.

The remaining 5% of program costs included Education and Justice (4%) and Domestic Development (1%). In F2020, World Renew helped to settle 147 refugees in Canada.

My anchor

Results and Impact

In response to the covid-19 pandemic, World Renew launched a new covid-19 disaster response program. In F2020, it helped to distribute 80,693 pounds of food, 14,360 masks, and 5,748 bottles of disinfectant. Through its development programs, World Renew reports that it increased vaccination rates from 65% to 95% across communities in Mozambique.

While Ci highlights these key results, they may not be a complete representation of World Renew’s results and impact.

Charity Intelligence has given World Renew a Good impact rating based on demonstrated impact per dollar spent.

Impact Rating: Good

My anchor

Finances

World Renew received $11.9m in Canadian donations in F2020. It also received $6.9m in government funding (32% of revenues) and $2.4m in international donations (11% of revenues) during the year. According to its financial notes, World Renew receives funding from two related parties: World Renew USA and the Christian Reformed Church in North America – Canada Corporation. However, the charity does not disclose the amounts of related party transfers included within donations.

Administrative costs are 6% of revenues (less investment income) and fundraising costs are 12% of Canadian donations. This results in total overhead spending of 17%. For every dollar donated to the charity, 83 cents go to the cause. This is within Ci’s reasonable range for overhead spending.

World Renew has $5.9m in funding reserves. It can cover 31% or less than four months of annual program costs with its existing reserves.

In F2020, World Renew granted $2.4m to Canadian Foodgrains Bank (CFGB). CFGB works with Global Affairs Canada and 15 partners, including World Renew, to provide aid to developing countries.

World Renew also works with World Renew USA to administer certain programs. In F2020, World Renew allocated $2.8m in project expenses to World Renew USA, while World Renew USA allocated $5.3m in project expenses to World Renew. World Renew also paid $794k in administrative costs to the Christian Reformed Church in F2020.

Charity Intelligence has sent this update to World Renew for review. Changes and edits may be forthcoming.

Updated on August 24, 2021 by Eric Zhao.

Financial Review


Financial Ratios

Fiscal year ending June
202020192018
Administrative costs as % of revenues 5.8%5.9%5.5%
Fundraising costs as % of donations 11.7%11.0%15.4%
Total overhead spending 17.5%17.0%20.9%
Program cost coverage (%) 30.5%41.3%47.4%

Summary Financial Statements

All figures in $000s
202020192018
Donations 11,88516,48314,108
International donations 2,3723,1612,649
Government funding 6,9146,2487,010
Investment income 557271243
Total revenues 21,72826,16324,010
Program costs - International 16,01218,41316,769
Program costs - Canada 1,0279251,034
Grants 2,4792,3602,630
Administrative costs 1,2281,5341,306
Fundraising costs 1,3871,8182,168
Total spending 22,13325,05023,908
Cash flow from operations (405)1,113102
Capital spending 000
Funding reserves 5,9498,9659,687

Note: Ci gathered international donations from the charity’s T3010 filings with the CRA and removed the amounts from Canadian donations. Ci gathered grants to qualified donees from T3010 filings and removed the amounts from international program costs. To report on a cash basis, Ci adjusted international program costs by changes in field advances. This affected expenses by ($298k) in F2020, $56k in F2019, and ($69k) in F2018. Ci removed amortization from administrative costs.

Salary Information

Full-time staff: 45

Avg. compensation: $72,673

Top 10 staff salary range:

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
1
$120k - $160k
1
$80k - $120k
8
$40k - $80k
0
< $40k
0

Information from most recent CRA Charities Directorate filings for F2020

My anchor

Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

Website: www.worldrenew.net
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 1-888-975-3769

Print