SHARELIFE

1155 Yonge St.
Toronto, ON M4T 1W2
Executive Director: Arthur Peters
Board Member: Thomas Collins

Website: www.sharelife.org
Charitable Reg. #: 13063 2474 RR0001
Sector: Religion
Public Foundation

Donor Accountability

Grade: C+

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

Financial Transparency

Most recent audited financial statements available on the charity's website [ Audited financial statement for most recent year ]

Need for Funding

donor
endowed
Funding Reserves Program Costs

Spending Breakdown

Cents to The Cause

95¢
75¢
avg
65¢
50¢
2014 2015 2016
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #9

Avg. Compensation $74,881

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 1
$80k - $120k 1
$40k - $80k 6
< $40k 1
Information from most recent CRA Charities Directorate filings for F2016

About SHARELIFE:

Founded in 1976, ShareLife was established by the Roman Catholic Episcopal Corporation for the Diocese of Toronto in Canada. Its mission in F2016 is to “live the Gospel by providing for those in need.” Its previous mission statement in F2015 was to “provide care and outreach to those in need through its social services agencies and grant recipients, by raising and allocating funds effectively, and fulfilling its obligations to respect life at all stages.” Today, ShareLife funds over 42 different agencies and grant recipients. While no numbers were published for F2016, in F2015 Sharelife provided over 381,000 services to over 114,000 people in need. ShareLife works in 42 municipalities in 225 parishes, communicating with its clients in over 20 languages.

ShareLife supports agencies that work with families, children and youth, the elderly, single and teen parents, people with special needs, and immigrants and refugees. Its agencies work to address social issues such as mental health, safe affordable housing, food security, isolation among seniors and domestic violence.

ShareLife reports that, in F2016, it helped over 21,000 people deal with stress, anxiety, personal crisis, domestic violence and troubled relationships through its Catholic Family Service agencies. Further, Camp Ozanam sent over 600 boys from families experiencing financial or domestic challenges to summer camp. Finally, its agencies assisted over 2,000 seniors and people with special needs.

In F2016, ShareLife’s largest grant recipients were Catholic Family Services of Toronto (at $1.6m), Catholic Charities of the Archdioceses of Toronto (at $0.9m), and Catholic Family Services of Simcoe County (at $0.7m).

Financial Review:

ShareLife is a big-cap charity, with donations of $13.9m in F2016. Its administrative costs are 4% of revenues and its fundraising costs are 7% of donations. For every $1 donated to the charity, 89 cents are put towards its programs, falling within Ci’s reasonable range. The charity’s funding reserves of $12.1m include $4.8m in donor-endowed funds. This results in a program cost coverage ratio excluding donor-endowed funds of 56%. This means that the charity can fund 6.7 months of its annual programs using its current reserves, excluding donor-endowed funds, indicating a need for funding.

This charity report is an update that is being reviewed by ShareLife. Changes and edits may be forthcoming.

Updated on June 1, 2017 by Kevin Silberberg.

Financial Ratios

Fiscal year ending July
201620152014
Administrative costs as % of revenues 3.7%3.4%3.6%
Fundraising costs as % of donations 7.1%6.5%6.3%
Program cost coverage (%) 91.4%105.8%91.5%

Summary Financial Statements

All figures in $000s
201620152014
Donations 13,89014,14214,103
Investment income 344374275
Total revenues 14,23414,51614,378
Grants 13,20012,42513,260
Administrative costs 514476502
Fundraising costs 985925890
Cash flow from operations (465)690(274)
Funding reserves 12,06113,14212,136

Comments added by the Charity:

No comments have been added by charity
Go to top