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Covenant House Toronto

20 Gerrard Street East
Toronto, ON M5B 2P3
Executive Director: Bruce Rivers
Board Chair: Kevin Patterson

Website: www.covenanthousetoronto.ca
Charitable Reg. #: 10699 0195 RR0001

Sector: Social Services - Homeless (Shelter)

Operating Charity

Charity Rating

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Donor Accountability

Grade: A-

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

♦	♦	♦
			95¢



			75¢
			avg
			65¢


			50¢

2014	2015	2016

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

Full-time staff #166

Avg. Compensation $71,119

Top 10 Staff Salary Range

$350k +	0
$300k - $350k	0
$250k - $300k	0
$200k - $250k	1
$160k - $200k	3
$120k - $160k	4
$80k - $120k	2
$40k - $80k	0
< $40k	0

Information from most recent CRA Charities Directorate filings for F2015

About Covenant House Toronto:

Founded in 1982, Covenant House Toronto (CHT) is Canada’s largest agency for at risk, homeless and trafficked youth. Its mission is to “…serve suffering children of the street, and protect and safeguard all young people...with absolute respect and unconditional love.” Its vision is “to lead change that challenges at risk, homeless and trafficked youth to pursue a life of opportunity.”

Covenant House Toronto provides youth, aged 16 to 24, with a 24/7 crisis shelter, and longer-term housing on-site and in the community. CHT also provides a wide range of services including health care, education, job training, transitional housing and employment assistance. As many as 250 youth benefit from the agency's service and support daily.

Covenant House Toronto is part of a leading international agency and has served over 90,000 youths since its inception. It has recently completed a 5-year strategic plan that included annual goals focused on housing and aftercare, employment opportunities, community support, advocacy, fiscal stewardship and expansion. Its new 2018-2022 plan builds on these key priorities.

In F2017, Covenant House Toronto provided residential programs to 947 youth, drop-in services to 1,640 and supported 81 victims of sexual exploitation and trafficking. Further, 702 youths were treated over 5,739 visits to its health care clinic. Over the year, CHT also provided 23 local and national sex trafficking presentations and training sessions. In F2017, 185 youth were reunited with their families, and 382 young people realized jobs or job-training placements. More than 34,000 GTA students participated in its school presentations, including 5,000 in sex trafficking prevention.

Financial Review:

Covenant House Toronto is one of Canada’s top 100 charities by donations, with donations of $19.5m in F2016. Its administrative costs were 6% of revenues and fundraising costs were 33% of donations. As such, for every $1 donated, 61 cents go towards the cause. This falls just outside of Charity Intelligence’s reasonable range of overhead spending. Covenant House Toronto has funding reserves of $13.6m, resulting in a program cost coverage ratio of 92%. This means that the charity can cover 11 months of its annual programs.

This charity report is an update that is being reviewed by Covenant House Toronto. Changes and edits may be forthcoming.

Updated on July 24, 2017 by Juliana Badovinac.

Financial Ratios Fiscal year ending June	2016	2015	2014
Administrative costs as % of revenues	5.8%	6.5%	6.1%
Fundraising costs as % of donations	33.0%	33.4%	32.3%
Program cost coverage (%)	92.2%	84.4%	88.1%

Summary Financial Statements All figures in $000s	2016	2015	2014
Donations	19,505	18,172	17,339
Government funding	1,007	292	517
Fees for service	2,620	2,561	2,490
Investment income	165	138	567
Other income	94	88	45
Total revenues	23,391	21,251	20,959
Program costs	14,730	13,659	12,969
Administrative costs	1,341	1,372	1,237
Fundraising costs	6,441	6,066	5,603
Cash flow from operations	879	154	1,149
Funding reserves	13,581	11,525	11,428

Note: Ci has adjusted amortization of deferred capital contributions and amount due from Toronto Hostel Services affecting revenues by ($509k) in F2016, ($515k) in F2015 and ($514k) in F2014. Ci has adjusted amortization of capital assets affecting expenses by ($788k) in F2016, ($749k) in F2015 and ($723k) in F2014.

Comments added by the Charity:

Reserves: Covenant House maintains reserves equivalent to up to six months of annual operating revenue to ensure it can deliver services to youth and maintain its operation in the event that donations decline. Unlike other not-for-profit service delivery organizations in the country, CHT relies on fundraising as its primary source of income. Over 80% of every dollar spent to support our services to youth and our operations comes from donations. Given our substantial reliance on donations, it is critical, both from a legal and an accounting perspective, that we have sufficient reserves to ensure uninterrupted services which include costs associated with our facilities, staff, and delivery of programs to as many as 250 youth daily.