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.
B+
RESULTS REPORTING
Grade based on the charity's public reporting of the work it does and the results it achieves.
High
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.
82%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 82 cents are available for programs.
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OVERVIEW
About World Renew:
World Renew is a 5-star charity with High demonstrated impact on its international development programs. The charity is financially transparent and has reasonable overhead costs. Its results reporting grade is above average.
Founded in 1964, World Renew Canada is a Christian international aid charity, running disaster relief and international development programs. It focuses on promoting peace, justice, health, nutrition, and economic development in the communities it serves. World Renew Canada also works to resettle refugees. It works closely with World Renew USA and Canadian Foodgrains Bank to run its global projects.
A Charity Intelligence 2024 Top 100 Rated Charity.
World Renew’s main programs comprise Disaster Programs, Overseas Development, Education and Justice, and Domestic development. In F2023, the charity helped 549,795 people in 1,200 communities across 29 countries.
The Overseas Development programs comprised 53% of its overall program spending. In F2023, World Renew partnered with 66 churches and Christian organizations around the world providing support in 29 developing countries. World Renew’s overseas development programs helped 221,652 people in F2023.
The Disaster Relief programs represented 28% of World Renew’s spending in F2023. The programs provide emergency food, water, shelter, sanitation, economic assistance, and livelihood rehabilitation. In addition to providing short-term support immediately after a disaster, World Renew aims to address the longer-term effects of disasters with its programs. In F2023, World Renew submitted sponsorship applications for 206 refugees, 45 of whom were sponsored through the government of Canada’s Operation Afghanistan Safety Program. The charity helped 328,134 disaster beneficiaries in 21 countries.
The Education and Justice programs accounted for 15% of World Renew’s overall program spending. The programs aim to improve social and gender equity in the communities served. In the last ten years, World Renew reports that 618,539 people have benefited from its Education and Justice programs.
The remaining 5% of program spending was on Domestic Development.
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Results and Impact
In F2023, World Renew helped 173 refugees resettle in Canada. From 2012-2017 in Bangladesh, Honduras, Mali, Mozambique, and Tanzania, World Renew ran a program to enhance livelihood security for vulnerable households. 89% of farmers who received training as part of the program reported improved crop yields. A 2015-2020 project to encourage farmers to join Village Savings and Loan Associations resulted in nearly 8,000 program participants reporting higher incomes.
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 High impact rating based on demonstrated impact per dollar spent.
Impact Rating: High
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Finances
In F2023, World Renew Canada received $13.9m in Canadian donations and $821k in international donations. It also received $7.5m in government funding, accounting for 33% of revenue. 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, and fundraising costs are 12% of revenues for a total overhead spending of 18%. For every dollar donated, 82 cents are available to go to the cause. This is within Ci’s reasonable range for overhead spending.
World renew has $16.2m in funding reserves and can cover about nine months of its current rate of program spending.
In F2023, World Renew granted $14.0m to Canadian Foodgrains Bank (CFGB). CFGB works with Global Affairs Canada and 15 partners, including World Renew, to aid developing countries.
Charity Intelligence has sent this update to World Renew for review. Changes and edits may be forthcoming.
Updated on June 24, 2024 by Ben Dobozy.
Financial Review
Fiscal year ending June
|
2023 | 2022 | 2021 |
---|---|---|---|
Administrative costs as % of revenues | 5.6% | 7.7% | 6.0% |
Fundraising costs as % of donations | 11.9% | 8.1% | 10.6% |
Total overhead spending | 17.6% | 15.8% | 16.6% |
Program cost coverage (%) | 76.4% | 100.9% | 70.2% |
Summary Financial StatementsAll figures in $000s |
2023 | 2022 | 2021 |
---|---|---|---|
Donations | 13,908 | 18,171 | 14,708 |
International donations | 821 | 2,105 | 1,537 |
Government funding | 7,512 | 9,300 | 6,739 |
Investment income | 492 | (74) | 342 |
Total revenues | 22,733 | 29,503 | 23,327 |
Program costs - International | 14,742 | 15,375 | 10,622 |
Program costs - Canada | 1,448 | 1,040 | 1,207 |
Grants | 5,115 | 4,372 | 3,911 |
Administrative costs | 1,254 | 2,268 | 1,369 |
Fundraising costs | 1,659 | 1,470 | 1,560 |
Total spending | 24,216 | 24,525 | 18,669 |
Cash flow from operations | (1,483) | 4,978 | 4,658 |
Capital spending | 0 | 0 | 0 |
Funding reserves | 16,283 | 20,974 | 11,043 |
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 ($209k) in F2023, $205k in F2022, and ($403k) in F2021. Ci adjusted for deferred donations, affecting revenues by ($1.1m) in F2023, $1.6m in F2022, and ($1.4m) in F2021. Ci removed amortization from administrative costs.
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 F2023
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Comments & Contact
Comments added by the Charity:
Charity Contact
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