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.

85%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 85 cents are available for programs.



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OVERVIEW

About World Renew:

World Renew is a 5-star rated charity with Good demonstrated impact on its international development programs. The charity has reasonable overhead costs and best practices in financial transparency. Its annual report and website disclose information about its programs and outputs, leading to a high grade in results reporting.

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 World Renew USA and Canadian Foodgrains Bank to run its global projects. In F2021, World Renew worked in 31 countries across Africa, Asia, the Middle East, and Latin America.

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

Disaster Programs represented 68% of program costs in F2021. World Renew responds to emergencies of violence, drought, flooding, storms, and covid-19. In F2021, the charity helped 865,158 people in 26 countries through its disaster programs. World Renew also cleaned up 39 homes during the year.

World Renew launched a covid-19 disaster response program. In F2021, the charity distributed 101,421 bars of soap, 46,165 masks, 5,098 bottles of sanitizer, and 9,010 L of disinfectant.

International Development made up 25% of program costs in F2021. World Renew works with 73 Christian partners and 1,275 communities to promote sustainable development. The charity’s development programs aim to improve food security, health, economic opportunity, and peace and justice across 19 countries. World Renew helped 263,943 people through its development projects in F2021.

The remaining 8% of program costs included Education and Justice (6%) and Domestic Development (2%). In F2021, World Renew helped to settle 65 refugees in Canada.

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Results and Impact

In response to the covid-19 pandemic, World Renew distributed 170,122 lb of emergency food in F2021.

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

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Finances

World Renew received $16.1m in Canadian donations in F2021. It also received $6.7m in government funding (27% of revenues) and $1.5m in international donations (6% 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 10% of Canadian donations. This results in total overhead spending of 15%. For every dollar donated to the charity, 85 cents go to the cause. This is within Ci’s reasonable range for overhead spending.

World Renew has $11.0m in funding reserves. Its funding reserves can cover 70% or just over eight months of annual program costs.

In F2021, 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 specific programs. In F2021, World Renew allocated $4.6m in project expenses to World Renew USA, while World Renew USA allocated $1.0m in project expenses to World Renew. World Renew also paid $815k in administrative costs to the Christian Reformed Church in F2021.

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

Updated on June 28, 2022 by Ann Lei.

Financial Review


Financial Ratios

Fiscal year ending June
202120202019
Administrative costs as % of revenues 5.6%5.8%5.9%
Fundraising costs as % of donations 9.7%11.7%11.0%
Total overhead spending 15.3%17.5%17.0%
Program cost coverage (%) 70.2%30.5%41.3%

Summary Financial Statements

All figures in $000s
202120202019
Donations 16,13011,88516,483
International donations 1,5372,3723,161
Government funding 6,7396,9146,248
Investment income 342557271
Total revenues 24,74921,72826,163
Program costs - International 10,62216,01218,413
Program costs - Canada 1,2071,027925
Grants 3,9112,4792,360
Administrative costs 1,3691,2281,534
Fundraising costs 1,5601,3871,818
Total spending 18,66922,13325,050
Cash flow from operations 6,080(405)1,113
Funding reserves 11,0435,9498,965

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 ($403k) in F2021, ($298k) in F2020, and $56k in F2019. Ci removed amortization from administrative costs.

Salary Information

Full-time staff: 46

Avg. compensation: $67,635

Top 10 staff salary range:

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

Information from most recent CRA Charities Directorate filings for F2021

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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

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Charitable Registration Number: 80340 7956 RR0001