Children's Wish Foundation Of Canada

350-1101 Kingston Rd
Pickering, ON L1V 1B5
CEO: Chris  Kotsopoulos 
Board Chair: Brenda Abrams 

Charitable Reg. #: 12403 8878 RR0001
Sector: Social Services - Youth
Operating Charity

Social Results Reporting

Grade: B+

The grade is based on the charity's public reporting of the work it does and the results it achieves.

Financial Transparency

Audited financial statements for current and previous years available on the charity's website [ Audited financial statement for most recent year ]

Program Cost Coverage

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #92

Avg. Compensation $70,095

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 1
$200k - $250k 0
$160k - $200k 0
$120k - $160k 3
$80k - $120k 6
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2015

About Children's Wish Foundation Of Canada:

Founded in 1984, The Children's Wish Foundation's (CWF) mission is to "work with communities across the country to provide children with life threatening illnesses the opportunity to realize their most heartfelt wish." In fulfilling wishes, CWF aims to improve the quality of life for children and families. CWF has no waiting list and is ready to grant a child's wish as soon as medical approval is received. In an emergency, it can fulfill a wish in a matter of days. CWF reports that it has granted almost 25,000 wishes to date.

The Children's Wish Foundation reports that it grants three wishes every day. In F2015, CWF wish children came from 470 cities and towns across Canada. Also in F2015, 685 healthcare professionals in 97 hospitals and clinics referred wish children to CWF.

The Children's Wish Foundation has broadened the range of children to whom it will grant wishes. Eligibility is now expanded to include children with serious genetic and neurological diagnoses. CWF reports that, with the expanded eligibility, it expects a 20% increase in the number of eligible referrals over the next eighteen months.

The Children's Wish Foundation reports that a single wish can impact up to one hundred people. Those impacted include parents, grandparents, siblings, classmates, volunteers, business and community groups, nurses, doctors and social workers.

Financial Review:

Children's Wish Foundation of Canada is a Major 100 charity, with donations and special events revenues of $18.2m in F2015. CWF's special events revenues comprise of its nation-wide fundraisers. Its administrative costs are 16% of revenues and its fundraising costs are 32% of donations. For every $1 donated to the charity, 52 cents is put towards its programs, falling below Ci's reasonable range. The charity's funding reserves of $39.1m include $646k in donor-endowed funds. This results in a program cost coverage ratio, excluding donor-endowed funds, of 278%. This means that the charity can cover 2.8 years of its annual programs using its existing reserves.

This charity report is an update that is being reviewed by Children's Wish Foundation of Canada. Changes and edits may be forthcoming.

Updated on July 26, 2016 by Lynn Tay.

Financial Ratios

Fiscal year ending March
Administrative costs as % of revenues 15.8%14.0%14.2%
Fundraising costs as % of donations 32.3%30.2%29.6%
Program cost coverage (%) 282.1%270.9%254.2%

Summary Financial Statements

All figures in $000s
Donations 6,3487,7456,656
Goods in kind 1,8731,5271,451
Government funding 253740
Lotteries (net) 315550778
Special events 11,81111,80411,562
Investment income 3,7545,1612,706
Total revenues 24,12626,82323,193
Program costs 13,85814,08513,383
Administrative costs 3,2193,0292,907
Fundraising costs 5,8715,9055,400
Cash flow from operations 1,1793,8041,503
Funding reserves 39,08638,15834,012
Note: Ci has adjusted amortization of deferred capital contributions, unrealized gains and losses, lottery expenses and realized gain on investments affecting revenues by $143k in F2015, by $1.9m in F2014, and by ($975k) in F2013. Ci has adjusted lottery expenses and amortization affecting expenses by ($2.5m) in F2015, by ($2.4m) in F2014, and by ($3m) in F2013.

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