World Renew
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.
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:
Founded in 1962, World Renew provides aid in disaster areas and seeks to reduce hunger, poverty, and illness in developing countries. The charity is a ministry of the Christian Reformed Church and works in partnership with many Christian aid organizations. In F2019, World Renew ministered to 918,663 people worldwide through its programs. 39% of World Renew's programs are focused on Bangladesh.
World Renew’s largest program was overseas development, receiving 52% of program spending in F2019. The charity worked with 64 development partners in 1,330 communities to support 241,154 people. World Renew aims to improve several issues in partner communities, including peace & justice, community health, food security, and economic opportunity.
Disaster programs represented 42% of spending in F2019. The charity helped 677,509 people in 24 countries harmed by conflict or natural disaster including disease, drought, and flooding. In the short term, World Renew provides emergency supplies and helps to repair damaged homes. In the long run, disaster areas are supported in rebuilding their economy and receive training to lessen the effects of future disasters. In F2019, World Renew volunteers repaired or rebuilt 290 damaged homes.
The remaining 5% of program spending was allocated to education and justice. World Renew helped 206 people to settle in Canada last year, many being refugees from Syria.
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Results and Impact
In F2018, World Renew finished an HIV and AIDS project in Akokma, Uganda. The fishing village had experienced a high HIV transmission rate. In response, World Renew and a Ugandan partner trained volunteers to provide HIV testing, counselling, and treatment. The volunteers also trained couples in communication, health, and marital faithfulness. A year after the program ended, HIV infections decreased from 34.7% to 2.2%.
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 is a Major 100 charity, meaning it is one of Canada’s largest charities in terms of donations. World Renew received $19.6m in donations in F2019. The charity also received $6.2m in government funding, representing 24% of total revenues. Administrative costs are 6% of revenues and fundraising costs are 9% of donations. For every dollar donated, 85 cents go the cause. This is within Ci’s reasonable range for overhead spending. Funding reserves of $9m can cover 5 months of annual program costs.
In F2019, World Renew granted $2.3m to Canadian Foodgrains Bank Association (CFGB). CFGB works with Global Affairs Canada and 15 partners to provide support to developing countries.
This charity report is an update that has been sent to World Renew for review. Changes and edits may be forthcoming.
Updated on June 1, 2020 by Tenzin Shomar.
Financial Review
Fiscal year ending June
|
2019 | 2018 | 2017 |
|---|---|---|---|
| Administrative costs as % of revenues | 5.9% | 5.5% | 5.2% |
| Fundraising costs as % of donations | 9.3% | 12.9% | 8.9% |
| Total overhead spending | 15.2% | 18.4% | 14.1% |
| Program cost coverage (%) | 41.4% | 47.3% | 44.7% |
Summary Financial StatementsAll figures in $000s |
2019 | 2018 | 2017 |
|---|---|---|---|
| Donations | 19,644 | 16,757 | 17,795 |
| Government funding | 6,248 | 7,010 | 7,221 |
| Investment income | 271 | 243 | 209 |
| Total revenues | 26,163 | 24,010 | 25,225 |
| Program costs - International | 18,354 | 16,834 | 19,215 |
| Program costs - Canada | 925 | 1,034 | 887 |
| Grants | 2,360 | 2,630 | 1,526 |
| Administrative costs | 1,536 | 1,310 | 1,301 |
| Fundraising costs | 1,818 | 2,168 | 1,580 |
| Total spending | 24,993 | 23,977 | 24,510 |
| Cash flow from operations | 1,170 | 33 | 716 |
| Capital spending | 0 | 0 | 9 |
| Funding reserves | 8,965 | 9,687 | 9,668 |
Note: Ci removed amortization from program costs to report on a cash basis.
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 F2019
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Comments & Contact
Comments added by the Charity:
Charity Contact
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