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Children's Wish

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

Donor Accountability

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 ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Cents to The Cause

2014 2015 2016
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Impact Rating: Low

Full-time staff #97

Avg. Compensation $66,984

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 F2016

About Children's Wish:

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 wishes to almost 24,000 children to date.

The Children's Wish Foundation reports that it grants three wishes every day. In F2016, CWF granted 1,195 wishes to children from 557 cities and towns across Canada. Also in F2016, 1,239 healthcare professionals referred wish children to CWF. A survey conducted in F2016 by Impakt on behalf of CWF reports that 100% of wish parents saw positive emotional or physical benefits for their child.

In F2015, The Children's Wish Foundation broadened the range of children to whom it will grant wishes. Eligibility expanded to include children with serious genetic and neurological diagnoses. Since the expansion, CWF reported a 22% increase in wishes granted and an 18% increase in approved referrals in F2016.

Total operating costs per wish granted in F2016 were $21,274. The Children's Wish Foundation reports that each 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 is a Major 100 charity, with donations and special events revenues of $18m in F2016. CWF's special events revenues are comprised of its nation-wide fundraisers. Its administrative costs are 15% of revenues and its fundraising costs are 35% of donations. For every $1 donated to the charity, 51 cents go towards CWF’s programs, falling below Ci’s reasonable range. The charity’s funding reserves of $34.1m include $730k in donor-endowed funds. This results in a program cost coverage ratio, excluding donor-endowed funds, of 196%. This means that the charity can cover 2 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 May 16, 2017 by Kevin Silberberg.

Financial Ratios

Fiscal year ending March
Administrative costs as % of revenues 14.7%15.8%14.0%
Fundraising costs as % of donations 34.7%32.3%30.2%
Program cost coverage (%) 200.0%282.1%270.9%

Summary Financial Statements

All figures in $000s
Donations 7,2086,3487,745
Goods in kind 2,4641,8731,527
Government funding 272537
Lotteries (net) 361315550
Special events 10,79811,81111,804
Investment income 1733,7545,161
Total revenues 21,03124,12626,823
Program costs 17,05113,85814,085
Administrative costs 3,0693,2193,029
Fundraising costs 6,2395,8715,905
Cash flow from operations (5,328)1,1793,804
Funding reserves 34,10739,08638,158
Note: Ci has adjusted amortization of deferred capital contributions, unrealized gains and losses, lottery expenses and realized gain on investments, affecting revenues by ($3.4m) in F2016, $143k in F2015, and by $1.9m in F2014. Ci has adjusted lottery expenses and amortization, affecting expenses by ($2.5m) in F2016, ($2.5m) in F2015, and by ($2.4m) in F2014.

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