400-163 W Hastings St.
Vancouver, BC V6B 1H5
President & CEO: Joanna Kerr
Board Chair: Andrew Heintzman

Charitable Reg. #:86894 7797 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

[Charity Rating: 4/5]

✔+

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.

n/r

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.

89%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 89 cents are available for programs.



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OVERVIEW

About MakeWay:

Makeway is a 4-star charity that is financially transparent. It has a B results reporting grade, which is average. For every dollar donated to the charity, 89 cents are available to go to the cause. This is within Ci’s reasonable range for overhead spending

Founded in 2000, MakeWay supports environmental and social change efforts nationwide with funding and partnerships. Amid the climate and biodiversity crises, MakeWay strives for nature and communities to thrive together. 77% of Canadians recognize the urgency of climate action. The charity reports that our harmful consumption habits drive the ecological crisis, impacting the vulnerable in our communities the hardest. 51% of Canadians see the importance of balancing economic concerns with environmental preservation.

MakeWay consists of two separately registered charities: MakeWay Charitable Society and MakeWay Foundation. Before June 2020, MakeWay was known as Tides Canada. In F2023, MakeWay spent $46.3m on its programs and grants. The charity reports it partnered with 180 foundations, 120 businesses, 40 governments and over 1,200 individuals through its programs in F2023.

MakeWay's 2022-2025 Strategic Plan, informed by community feedback, prioritizes transformative change while upholding expertise. Its seven connected priorities encompass fostering trust, providing flexible grants, and advocating for fairness. MakeWay’s Theory of Change centers on building trust, offering solutions for communities, and driving significant transformations toward its mission of a thriving planet.

MakeWay’s three largest spending areas are the Shared Platform programming, the BC Program, and the Northern Program.

Shared Platform programming represents 70% of program spending. This program supports over 60 community-led projects tackling diverse social and environmental issues across Canada. Multiple charitable projects that align with MakeWay’s mission join together instead of operating individually. Its shared platform provides projects with governance, HR assistance, financial and risk management, grant management, and charitable expertise. To be a part of MakeWay’s shared platform, the project must have an annual budget of more than $100k. Each project is responsible for its own fundraising and revenue generation, with 12% of revenue contributing to shared overhead cost. Projects include: BC Freshwater initiative, Binners’ Project, East Scarborough Storefront, and Northern Youth Leadership.

BC Program represents 13% of program spending. This program collaborates with communities to foster transformation in one of North America’s most culturally and ecologically diverse regions. In F2023, MakeWay deployed $13 million in holistic funding to over 61 First Nations in support of their initiatives. The Indigenous Watersheds Initiative (IWI) is a three-year effort (2022-2025) supporting 49 Indigenous-led projects in British Columbia to enhance watershed health and security.

Northern Program represents 10% of program spending. MakeWay supports Northern innovators, prioritizing community, economy, and environment. This program is centered on four key priorities: Northern Leadership, Sustainable Livelihoods, Indigenous Cultural Resurgence, and Land & Water Stewardship.

The remaining 7% of program spending includes the Prairies Program (in Northern Manitoba and Saskatchewan) and National and Cross-Regional Programs and Advisory Services.

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Results and Impact

The Binners' Project aids individuals who gather recyclables for income, aiming to boost economic opportunities and reduce stigma with support staff. In F2023, MakeWay saw a 54% increase in Binners’ Project’s social enterprise economic opportunities.

While Ci highlights these key results, they may not be a complete representation of MakeWay’s results and impact.

MakeWay is not yet rated for demonstrated impact (n/r).

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Finances

MakeWay consolidates its financial statements, including both MakeWay Charitable Society and MakeWay Foundation. Ci used the consolidated statements in the analysis below.

MakeWay received $55.5m in donations in F2023. The charity received $7.1m in new government grants along with $15.0m in funding allocated in F2022. This total of $22.1m represents 26% of revenues. During F2023, MakeWay did not recognize any government contributions related to either the Canada Emergency Wage (or Rent) Subsidy. MakeWay received $4.4m in fees for service, representing 5% of revenue. In F2023, 54% of revenues were spent on its programs and grants.

MakeWay does not report administrative and fundraising costs separately in its audited financial statements. MakeWay’s fundraising and administrative costs are 11% of revenue. For every dollar donated to the charity, 89 cents are available to go to the cause, which is inside Ci’s reasonable range.

In F2023, MakeWay had a surplus of $26.3mm (31%) of total revenue and spent $1.6m on capital expenditures. MakeWay has $99.7m in reserve funds, which can cover 2 years and two months of its annual program costs.

In F2023, MakeWay reported $10.6m in professional and consulting fees, which is 55% of total employee compensation. MakeWay Charitable Society paid external fundraisers $35k and reported no donations in F2023.

This charity report is an update that was sent for review to MakeWay. Changes and edits may be forthcoming. 

Updated on June 3, 2024 by Alexia Tudose.

Financial Review


Financial Ratios

Fiscal year ending March
202320222021
Fundraising & admin costs as % of revenues 11.1%11.9%16.8%
Total overhead spending 11.1%11.9%16.8%
Program cost coverage (%) 215.6%214.7%184.0%

Summary Financial Statements

All figures in $000s
202320222021
Donations 55,47747,77926,806
Government funding 22,0637,7427,597
Fees for service 4,3954,7224,784
Investment income 1,9432588,583
Other income 1,192754683
Total revenues 85,07061,25548,453
Program costs 28,58823,48118,026
Grants 17,67010,41113,323
Donor-designated donations 3,2533,9873,693
Fundraising & administrative costs 9,2607,2326,692
Total spending 58,77045,11041,733
Cash flow from operations 26,30016,1456,720
Capital spending 1,5526,1082,565
Funding reserves 99,73172,77857,675

Note: Ci removed amortization from fundraising and administration as reported by the charity, and the remainder was removed from program costs. This affected fundraising and admin costs by $334k in F2023, ($317k) in F2022, and ($283k) in F2021. This affected program costs by ($346k) in F2023, ($152k) in F2022, and ($8k) in F2021. MakeWay included a $15.0m grant from the Province of British Columbia in awards receivable as at March 31, 2022. To give donors a clear picture of a charity’s results for the current year, financials are presented on a cash basis. Thus, this $15.0m was included in government funding for F2023, and removed in F2022.

Salary Information

Full-time staff: 259

Avg. compensation: $55,876

Top 10 staff salary range:

$350k +
0
$300k - $350k
0
$250k - $300k
1
$200k - $250k
0
$160k - $200k
5
$120k - $160k
4
$80k - $120k
0
$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:

Evaluation based on one-size-fits-all financial analysis does not accurately measure charities’ effectiveness or need for donations.

MakeWay is committed to long-term and responsive solutions that support nature and communities thriving together. As an intermediary, MakeWay receives programmatic funding that we must allocate over multiple years. The “funding reserves” noted above include $34M in community and donor-advised funds and much of the remaining funds are restricted to future programmatic activities, not organizational operations. A list of our advised funds is publicly available on our website. All grants from advised funds are posted quarterly to our website grants listing, which includes grant amounts, grantee names, and grant purposes.

MakeWay’s approach to impact evaluation is rooted in deep partnership with communities advancing justice, reconciliation, and economic and ecological well-being. The complexity of this work and the number of partnerships, geographies, and issues addressed means that a snapshot of a single fiscal year portrays a skewed view of revenues and programmatic expenditures.

We engage in community-defined evaluation to measure impact as part of our commitment to our community partners to reduce barriers in funding guidelines, which often hold rigid impact measurements and evaluation expectations.

Our evaluation process aims to be highly relational and embraces culture-based practices. We meet partners where they are with flexible proposal and reporting structures. In addition to informal check-ins and community visits, we gather feedback from community partners through convenings, surveys, and regular grant reporting. Some funding collaboratives and initiatives hosted at MakeWay also use story-sharing to further learning and inform decision-making.

Charity Contact

Website: www.makeway.org
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 604-647-6611

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Charitable Registration Number: 80340 7956 RR0001