The Redwood
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.
75%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 75 cents are available for programs.
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OVERVIEW
About The Redwood:
The Redwood is a four-star financially transparent charity with an Average impact rating. It has a B results reporting grade, which is average, as well as both reasonable overhead spending and a reasonably sized reserve fund. For every dollar donated, 75 cents are available to go to the cause.
Founded in 1993, The Redwood (Redwood) helps women and children escape domestic, partner, and other forms of gender based violence. It does so by operating a 35-bed emergency shelter in Toronto that can house 11 families, which specifically houses women and children fleeing violence. At its shelter, women receive meals, personal care supplies, and other support. The charity also runs a 24/7 crisis hotline and trades-focused jobs training programs for its clients.
Redwood has two programs: emergency shelter and other programs. The charity spent $4.2m on its programs in the fiscal year ending in March 2024 (F2024). It did not provide a program spending breakdown in its audited financial statements or latest annual report at the time of this update.
Emergency shelter is the charity’s main program. During F2024, Redwood housed 162 unique clients (67 women and 95 children) who lived at its shelter for an average of 3-6 months, a decrease from 154 clients housed (62 women and 92 children) during F2023. The charity also ran 109 counselling sessions attended by 45 people in F2024. According to the charity, these sessions were designed for children navigating trauma associated with domestic violence.
Other programs include Redwood’s iDetermine 24/7 crisis hotline and Women in Trades job training subprograms. During F2024, the charity’s crisis hotline made 1,980 connections with callers and texters. Redwood also trained 15 women on heating, ventilation, and air conditioning maintenance (HVAC) skills during F2024 (10 women trained in F2023).
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Results and Impact
During F2024, The Redwood housed 192 victims of domestic violence who would have otherwise become homeless or continued living with an abuser.
The charity trained 15 women as part of its HVAC training program. Of these, 13 earned G2 or G3 Gas Fitter certifications and six found full time jobs in the HVAC field during F2024.
While Charity Intelligence highlights these key results, they may not completely represent The Redwood’s results and impact.
Charity Intelligence has rated The Redwood as having Average impact based on demonstrated impact per dollar spent.
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Finances
The Redwood’s audited financial statements follow line-item costing, meaning Ci could not determine spending on program, administrative, and fundraising activities using its audited financials alone. This does not align with financial reporting best practices.
In F2024, Redwood received $2.9m worth of cash donations (64% of total revenue) and $1.5m worth of government funding (32% of total revenue). This is a 14% increase from $2.6m donations received and a 4% decrease from $1.6m government funding received during F2023.
Administrative costs are 14% of revenue less investment income and fundraising costs are 11% of donations. This means Redwood’s total overhead spending is 25%. For every dollar donated, 75 cents are available to go to the cause.
During F2024, Redwood spent $3.2m on its programs (8% increase from $3.0m spent in F2023).
At the end of F2024, Redwood had $4.3m worth of net reserve funds (cash and investments). This covers 133% or around one year and four months of its annual program spending.
Profile updated by Julian Dranitsaris on April 23, 2025. Comments and corrections may be forthcoming.
Financial Review
Fiscal year ending March
|
2024 | 2023 | 2022 |
---|---|---|---|
Administrative costs as % of revenues | 14.3% | 12.5% | 5.3% |
Fundraising costs as % of donations | 10.5% | 16.4% | 12.8% |
Total overhead spending | 24.7% | 28.9% | 18.1% |
Program cost coverage (%) | 133.3% | 139.3% | 133.0% |
Summary Financial StatementsAll figures in $000s |
2024 | 2023 | 2022 |
---|---|---|---|
Donations | 2,944,100 | 2,590,200 | 2,931,600 |
Government funding | 1,478,400 | 1,539,700 | 2,363,500 |
Investment income | 147,800 | 37,900 | 1,500 |
Other income | 11,800 | 29,300 | 11,100 |
Total revenues | 4,582,100 | 4,197,100 | 5,307,700 |
Program costs | 3,224,169 | 2,989,174 | 3,131,714 |
Administrative costs | 632,950 | 519,965 | 283,107 |
Fundraising costs | 307,582 | 424,361 | 373,979 |
Cash flow from operations | 417,400 | 263,600 | 1,518,900 |
Capital spending | 0 | (25,000) | 305,800 |
Funding reserves | 4,298,800 | 4,163,700 | 4,163,900 |
Note: 1. LINE-ITEM COSTING: Since Redwood follows line-item costing, Ci referred to its T3010 filings with the CRA to report program, administrative, and fundraising expenses. 2. CHANGES IN DEFERRED GOVERNMENT FUNDING: Since Redwood follows deferred accounting, Ci adjusted government funding for changes in deferred government revenue to show donors financial information more clearly. This affected revenue by ($151k), ($15k), and $280k in F2024, F2023, and F2022, respectively. 3. CHANGES IN HST REFUNDABLE OUTSTANDING: Ci also adjusted government funding for receivables related to HST rebates. This affecting revenue by $19k, ($11k), and ($30k) in F2024, F2023, and F2022, respectively. 4. AMORTIZATION: Ci backed out amortization on a pro-rata basis from program, administrative, and fundraising expenses.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
1 |
$120k - $160k |
0 |
$80k - $120k |
3 |
$40k - $80k |
6 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2024
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Comments & Contact
Comments added by the Charity:
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