BGC Toronto Kiwanis
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.
C
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.
79%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 79 cents are available for programs.
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OVERVIEW
About BGC Toronto Kiwanis:
BGC Toronto Kiwanis is a two-star charity. It has a C results reporting grade, which is below average. For every dollar donated, 86 cents are available to go to the cause, which is inside Ci's reasonable range.
Founded in 1921, BGC Toronto Kiwanis (BGCTK) provides safe, supportive spaces where children and teens gain confidence, develop skills, and build positive relationships. It formerly operated as Toronto Kiwanis Boys and Girls Clubs. It runs six locations in Toronto’s Regent Park, Cabbagetown, and Trinity Bellwoods neighbourhoods. According to its annual report, BGCTK runs two main programs. These include Strong Clubs and Strong Communities.
Ci identified five subprograms as part of its BGCTK Strong Clubs program. This includes After-School Programs, Evening Youth Programs, Break Programs, Cabbagetown Boxing Club, and its Summer Camp. The charity reports that 713 members were part of its Strong Clubs in 2023. In 2023, BGCTK provided 201,342 hours in its After School Program and 37,341 hours in its Summer Camp.
The BGCTK Strong Communities program focuses on supporting youth through community initiatives. This includes its Holiday Hamper Program, Scholarship Program, and Back-to-School Campaign. In 2022, BGCTK supported 403 youths through its Holiday Hamper Program. In 2023, the charity provided 63,861 snacks and donated over 600 backpacks.
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Results and Impact
Ci did not find any publicly available quantified outcomes for the charity's programs. This may not be a complete representation of BGC Toronto Kiwanis’ results and impact.
This charity is not yet rated on impact (n/r).
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Finances
BGC Toronto Kiwanis received $2.3m in donations in F2023 (up 41% from F2022). The charity received $1.3m in government funding, representing 34% of total revenues.
Administrative costs are 16% of revenue, and reported fundraising costs are 5% of donations. This results in total overhead spending of 21%. For every dollar donated, 79 cents are available to go to the cause. This falls within Ci’s reasonable range for overhead spending.
In F2023 the charity spent $3.0m on programs, which is 78% of total revenues. The charity had a surplus of $107k.
The charity has $704k in reserve funds (down 45% from F2021). This means the charity can cover 24% or three months of its annual program costs using its existing reserves.
This charity report is an update that has been sent to BGC Toronto Kiwanis for review. Changes and edits may be forthcoming.
Updated August 28, 2024 by Alessandra Castino.
Financial Review
Fiscal year ending December
|
2023 | 2022 | 2021 |
|---|---|---|---|
| Administrative costs as % of revenues | 16.4% | 13.9% | 12.2% |
| Fundraising costs as % of donations | 4.7% | 4.2% | 0.6% |
| Total overhead spending | 21.1% | 18.1% | 12.7% |
| Program cost coverage (%) | 23.8% | 32.5% | 58.4% |
Summary Financial StatementsAll figures in $s |
2023 | 2022 | 2021 |
|---|---|---|---|
| Donations | 2,349,884 | 1,663,436 | 1,340,380 |
| Goods in kind | 0 | 0 | 12,000 |
| Government funding | 1,289,290 | 1,298,733 | 895,916 |
| Fees for service | 124,274 | 110,926 | 45,344 |
| Other income | 35,067 | 359,393 | 769,707 |
| Total revenues | 3,798,515 | 3,432,488 | 3,063,347 |
| Program costs | 2,958,969 | 2,865,902 | 2,195,997 |
| Donated goods exp | 0 | 0 | 12,000 |
| Administrative costs | 621,686 | 476,319 | 372,305 |
| Fundraising costs | 111,171 | 69,612 | 7,860 |
| Total spending | 3,691,826 | 3,411,833 | 2,588,162 |
| Cash flow from operations | 106,689 | 20,655 | 475,185 |
| Capital spending | 33,489 | 548,553 | 197,660 |
| Funding reserves | 703,846 | 930,152 | 1,282,978 |
Note: DONATED GOODS: Ci accounted for donated goods and removed the amount from donations of $nil in F2023, $nil in F2022, and $12k in F2021. Ci included donated goods used in programs, impacting expenses by $nil in F2023, $nil in F2022, and $12k in F2021. DEFERRED REVENUES: Ci included deferred revenue, affecting revenue by $101k in F2023, ($131k) in F2022, and ($56k) in F2021. DEFERRED CAPITAL CONTRIBUTIONS: Ci removed amortization of deferred capital contributions and included received capital contributions, affecting total revenues by ($132k) in F2023, ($616k) in F2022, and ($260k) in F2021. ACTIVITY-BASED COSTING: Ci reported administrative costs from the charity's T3010 filing with the CRA.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
1 |
$80k - $120k |
1 |
$40k - $80k |
8 |
< $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
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 416-925-2243