Covenant House Toronto

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

Website: http://www.covenanthousetoronto.ca/
Charitable Reg. #: 10699 0195 RR0001
Sector: Social Services - Homeless (Shelter)
Operating Charity

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

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

Covenant House Toronto provides 24/7 crisis care to youth aged 16 to 24, giving them access to a bed, clothes, food and pastoral support. The youths are expected to work on their plans for the future, and meet goals and expectations set out for them. CHT also provides a wide range of services including health care, education, job training, transitional housing and employment assistance.

Covenant House Toronto is part of a leading international agency, and has served over 90,000 youths since its inception. Its 5-year strategic plan is nearing culmination as Covenant House Toronto moves into its fifth and final year of the plan in F2017. The plan includes annual goals that focus on housing and aftercare, employment opportunities, community support, advocacy, fiscal stewardship and expansion.

In F2016, Covenant House Toronto provided drop-in services to 1,591 kids, and supported 64 human-trafficking victims. Further, 776 youths were treated over 6,741 visits to its health care clinic. Over the year, CHT also provided 23 awareness presentations and training sessions. In F2016, 340 youths were reunited with their families, and 431 youths realized jobs or job-training placements.

Financial Review:

Covenant House Toronto is one of Canada’s Major 100 charities, 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 below Charity Intelligence’s reasonable range for 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 May 25, 2017 by Juliana Badovinac

Financial Ratios

Fiscal year ending June
201620152014
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
201620152014
Donations 19,50518,17217,339
Government funding 1,007292517
Fees for service 2,6202,5612,490
Investment income 165138567
Other income 948845
Total revenues 23,39121,25120,959
Program costs 14,73013,65912,969
Administrative costs 1,3411,3721,237
Fundraising costs 6,4416,0665,603
Cash flow from operations 8791541,149
Funding reserves 13,58111,52511,428
Note: Ci has adjusted amortization of deferred capital contributions and changes to 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.

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