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.
Average
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.
83%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 83 cents are available for programs.
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OVERVIEW
About The Redwood:
The Redwood is a 4-star charity with Average demonstrated impact. It is financially transparent and has an above-average results reporting grade.
Founded in 1993, Redwood provides emergency shelter and services for women and children escaping abuse in the Greater Toronto Area. The charity reports that one in five Canadian women experience emotional or economic abuse in intimate relationships. Through on-site counseling and services, Redwood helps clients live independently and work to break the cycle of abuse.
Redwood’s main priority is providing a safe place for women and children escaping abuse. Residents at Redwood’s emergency shelter receive three meals a day, hygiene items, bedding, and childcare supplies. Peer support groups, art and play therapy, wellness resources, and parenting classes help women and children work through trauma. In F2022, the Redwood Bike Club taught 27 children to bike. Women are connected to other community support, including housing services, subsidized daycare and school registration referrals, job training, and legal support. In the Women on the Move program, Redwood organized a virtual career fair that connected 70 participants to future employers.
Redwood’s 24-hour crisis line provides women in desperate need with counseling. In F2020, the charity introduced an online platform called iDetermine.ca. The platform allows women to live chat or text to get in touch with a Redwood counselor discreetly. In F2022, iDetermine.ca provided counseling and safety planning for 652 callers, increasing 21% from 540 in the previous year.
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Results and Impact
In F2022, Redwood housed 178 women and children escaping abuse. These clients left a dangerous situation and received support and 24-hour protection at Redwood.
While Charity Intelligence highlights these key results, they may not be a complete representation of Redwood’s results and impact.
Charity Intelligence has rated Redwood as Average impact based on demonstrated impact per dollar spent.
Impact Rating: Average
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Finances
In F2022, Redwood had total donations of $3.2m. The charity also received $2.1m in government funding, representing 40% of total revenues. Administrative costs are 5% of revenues (less investment income) and fundraising costs are 12% of donations. This results in total overhead spending of 17%. For every dollar donated, 83 cents go to the cause, which is within Ci’s reasonable range for overhead spending.
Redwood has $4.2m in reserve funds, which could cover 133% or one year and four months of its annual program costs.
Charity Intelligence sent an update of this report to Redwood for review. Changes and edits may be forthcoming.
Updated on June 23, 2023 by Krystie Nguyen.
Financial Review
Fiscal year ending March
|
2022 | 2021 | 2020 |
---|---|---|---|
Administrative costs as % of revenues | 5.3% | 6.7% | 7.5% |
Fundraising costs as % of donations | 11.6% | 13.7% | 12.8% |
Total overhead spending | 16.9% | 20.4% | 20.2% |
Program cost coverage (%) | 133.0% | 121.8% | 85.6% |
Summary Financial StatementsAll figures in $000s |
2022 | 2021 | 2020 |
---|---|---|---|
Donations | 3,212 | 2,210 | 1,797 |
Government funding | 2,113 | 1,751 | 1,556 |
Investment income | 2 | 30 | 18 |
Other income | 11 | 16 | 8 |
Total revenues | 5,338 | 4,007 | 3,379 |
Program costs | 3,132 | 2,340 | 2,327 |
Administrative costs | 283 | 266 | 250 |
Fundraising costs | 374 | 302 | 229 |
Total spending | 3,789 | 2,908 | 2,807 |
Cash flow from operations | 1,549 | 1,099 | 572 |
Capital spending | 306 | 0 | 0 |
Funding reserves | 4,164 | 2,850 | 1,992 |
Note: Ci adjusted for deferred donations, increasing revenues by $280k in F2022, $101k in F2021, and $164k in F2020. Ci reported administrative and fundraising costs from the Charity's T3010 filings with the CRA. Ci removed amortization from program, administration 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 |
2 |
$80k - $120k |
1 |
$40k - $80k |
7 |
< $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
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 416-533-9372