Canadian Tire Jumpstart
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.
Fair
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.
86%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 86 cents are available for programs.
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OVERVIEW
About Canadian Tire Jumpstart:
Canadian Tire Jumpstart is a 3-star charity with Fair demonstrated impact. It has an above-average results reporting grade and overhead spending within Ci's reasonable range.
Founded in 2005, Canadian Tire Jumpstart (Jumpstart) is registered as the private foundation of Canadian Tire, a national retailer. Jumpstart seeks to improve kids' lives through sport and physical activity. Jumpstart states that 44% of parents say they cannot afford to register their children for organized sports. It also states that 62% of Canadian girls are not participating in any kind of sport.
Jumpstart runs three major programs: Grants, Inclusive Play, and Girls in Sport. The charity reports it spent $32.5m on its programs in 2023. It reports spending on its Grants and Inclusive Play programs but not its Girls in Sport program.
In 2023 Grants are 77% of reported program spending ($25.0 million). Jumpstart’s Individual Child Grants provide families with money so they can afford the costs of their child’s sport. Children must be 4-18 years of age, and families must be low-income. In 2023 Jumpstart awarded 29,748 Individual Child Grants. Jumpstart also offers Community Development Grants to organizations that run sports programming. In 2023 Jumpstart awarded 1,016 Community Development Grants.
Inclusive Play was 23% of reported program spending ($7.5 million). This program focuses on breaking barriers to sport faced by children with disabilities. Jumpstart reports it has built 24 inclusive playgrounds. It also reports it has supported the development of an additional 19 inclusive play spaces across Canada. This includes one para hockey ice rink and two inclusive baseball fields.
The Girls in Sport program supports equitable access to sport for girls and provides them with leadership opportunities. The Play to Lead subprogram builds skills and confidence among young female athletes. In 2023 Play to Lead engaged 133 young women in Toronto and Edmonton.
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Results and Impact
Jumpstart reports that its programming has generated an estimated total social value of $224m. This estimation uses Jumpstart data from 2022 in a social return on investment (SROI) model.
This may not be a complete representation of Canadian Tire Jumpstart’s results.
Charity Intelligence has given Canadian Tire Jumpstart a Fair impact rating based on demonstrated impact per dollar spent.
Impact Rating: Fair
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Finances
Canadian Tire Jumpstart is a Major 100 charity, meaning it is one of Canada’s largest charities in terms of donations. In 2023 Canadian Tire Jumpstart received $31.6m in cash donations. Of this, $27.7m (88%) came from Canadian Tire Corporation - or a flow-through of customer donations at the check out?
Administrative costs are 8% of revenues (excluding investment income). Fundraising costs are 6% of donations (Ci has excluded the money flowed through from Canadian Tire Corporation in the fundraising ratio calculation). This results in total overhead spending of 14%. For every dollar donated, 86 cents are available to go to the cause. This falls within Ci’s reasonable range for overhead spending.
In 2023 Jumpstart spent $32.5m on its programs, which is 93% of its revenue. In 2023 it had a deficit of $512k.
Canadian Tire Jumpstart has $3.6m in reserve funds. Excluding $490k in donor-endowed funds, this can cover 10%, or one month of its annual program spending.
Jumpstart reports that 100% of donations go to the cause as Canadian Tire Corporation covers all general and administrative expenses.
This charity report is an update that has been sent for review to Canadian Tire Jumpstart. Changes and edits may be forthcoming.
Updated on July 15, 2024, by Grady Simpson.
Financial Review
Fiscal year ending December
|
2023 | 2022 | 2021 |
---|---|---|---|
Administrative costs as % of revenues | 7.9% | 7.7% | 7.6% |
Fundraising costs as % of donations | 6.4% | 7.6% | 5.2% |
Total overhead spending | 14.3% | 15.3% | 12.8% |
Program cost coverage (%) | 9.5% | 10.5% | 30.1% |
Summary Financial StatementsAll figures in $000s |
2023 | 2022 | 2021 |
---|---|---|---|
Donations | 31,557 | 25,475 | 28,236 |
Government funding | 2,981 | 7,456 | 220 |
Investment income | 232 | 118 | 69 |
Total revenues | 34,770 | 33,049 | 28,525 |
Program costs | 32,472 | 35,603 | 33,389 |
Administrative costs | 2,723 | 2,524 | 2,156 |
Fundraising costs | 88 | 129 | 57 |
Total spending | 35,283 | 38,257 | 35,602 |
Cash flow from operations | (512) | (5,208) | (7,077) |
Capital spending | 0 | 0 | 0 |
Funding reserves | 3,571 | 4,223 | 10,541 |
Note: DEFERRED ADJUSTMENT: Jumpstart uses deferred accounting. To show donors information on a consistent basis, Ci adjusted for these deferred revenues. This affected revenues by $2.5m in 2023, ($2.9m) in 2022, and ($9.6m) in 2021. Deferred adjustments affected government revenues by ($1.2m) in 2023 and $1.2m in 2022. T3010: The most recent T3010 filing available at the time of analysis was from 2022.
Salary Information
$350k + |
0 |
$300k - $350k |
1 |
$250k - $300k |
0 |
$200k - $250k |
2 |
$160k - $200k |
0 |
$120k - $160k |
3 |
$80k - $120k |
4 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2022
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Comments & Contact
Comments added by the Charity:
Charity Contact
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