Toronto People with AIDS Foundation
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.
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.
23%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 23 cents are available for programs.
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OVERVIEW
About Toronto People with AIDS Foundation:
The Toronto People With AIDS Foundation is a 2-star charity with a B- results reporting score, which is below average. Its overhead spending is outside Ci’s reasonable range for overhead spending and it has reserve funds to cover program costs for a year and one month.
Founded in 1987, the Toronto People With AIDS Foundation (PWA) provides services for people living with HIV/AIDS (PHAs). PWA aims to enhance the health and well-being of PHAs and inspire them to live their dreams. Its services are informed by the experiences of PHAs. The charity has two programs: client services and financial assistance. In the fiscal year ending in April 2023 (F2023), 2,628 people accessed services from PWA.
Client services were 78% of program spending ($1.5m) in F2023. This program includes four main subprograms: practical support, dreaming and engagement, community access, and health and therapeutic care. Practical support includes food programs, boutique and furniture access, harm reduction supplies, and immigration and settlement services. The dreaming and engagement program supports PWA volunteers. The community access program connects people to services outside the PWA. This includes government income programs, treatment access, and community food access. Health and therapeutic care offers free on-site holistic healthcare for PHAs. Services include acupuncture, massage therapy, and dental hygiene.
Financial Assistance was 20% of program spending ($396k) in F2023. This program helps to reduce the financial burdens faced by PHAs. It is available to all members of the PWA community. The Children’s Holiday Gift Certificate program offers $40 gift certificates to HIV+ families with dependent children. The Positive Children’s Fund helps HIV+ children and their families manage financial burdens. The Positive Seniors Fund helps HIV+ seniors manage financial burdens when they receive Old Age Security. The Health and Wellness Fund helps PHAs manage healthcare expenses.
The remaining 2% of program spending was a grant to Trellis HIV and Community Care in Kingston, Ontario.
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Results and Impact
Charity Intelligence did not find any quantified outcomes on the Toronto People With AIDS Foundation’s website. This may not be a complete representation of PWA’s results and impact.
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Finances
In F2023, the Toronto People With AIDS Foundation received $672k in general Canadian donations and $1.5m in fundraising revenue for a total of $2.2m. The charity also received $933k in government funding, accounting for 29% of total revenue. Administrative costs are 27% of total revenue and fundraising costs are 51% of donations. Overhead spending is 77% which is outside Ci’s reasonable range. For every dollar donated to PWA, 23 cents are available for the cause. In F2023, PWA spent $1.9m on its programs, which is 62% of its revenue.
In F2023, the People With AIDS Foundation had a deficit of $730k and spent $5.5k on capital expenditures.
At the end of F2023, PWAF has $2.2m in reserve funds, which can cover 112% or around a year and one month of its program costs.
This charity report is an update that was sent for review to the Toronto People with AIDS Foundation. Changes and edits may be forthcoming.
Profile created on May 28, 2024, by Thea Clark
Financial Review
Fiscal year ending March
|
2023 | 2022 | 2021 |
|---|---|---|---|
| Administrative costs as % of revenues | 26.8% | 19.4% | 18.0% |
| Fundraising costs as % of donations | 50.7% | 30.5% | 34.0% |
| Total overhead spending | 77.5% | 49.9% | 52.0% |
| Program cost coverage (%) | 111.6% | 172.7% | 165.3% |
Summary Financial StatementsAll figures in $s |
2023 | 2022 | 2021 |
|---|---|---|---|
| Donations | 672,042 | 1,083,055 | 482,386 |
| Government funding | 932,792 | 1,169,127 | 1,743,259 |
| Fees for service | 12,260 | 10,180 | 0 |
| Special events | 1,494,728 | 1,072,614 | 979,178 |
| Investment income | 0 | 0 | 15,036 |
| Other income | 53,255 | 10,128 | 0 |
| Total revenues | 3,165,077 | 3,345,104 | 3,219,859 |
| Program costs | 1,908,069 | 1,738,588 | 1,605,510 |
| Grants | 40,861 | 500 | 196,112 |
| Administrative costs | 847,476 | 648,285 | 576,594 |
| Fundraising costs | 1,098,186 | 658,445 | 497,111 |
| Total spending | 3,894,592 | 3,045,818 | 2,875,327 |
| Cash flow from operations | (729,515) | 299,286 | 344,532 |
| Capital spending | 5,488 | 7,281 | 269,451 |
| Funding reserves | 2,175,169 | 3,002,672 | 2,977,757 |
Note: DEFERRED ADJUSTMENT: PWA uses deferred accounting. To show donors this information on a consistent basis, Ci adjusts for these deferred revenues. This affected revenue by ($305k) in F2023, $507k in F2022, and ($216k) in F2021. AMORTIZATION: Ci removed amortization from administrative and fundraising costs on a pro-rata basis.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
4 |
$40k - $80k |
6 |
< $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) 506-1400