Covenant House Toronto
Toronto, ON M5B 2P3
Executive Director: Bruce Rivers
Board Chair: Ken Morell
Charitable Reg. #: 10699 0195 RR0001
Grade: A-The grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Cents to the Cause
Impact Rating: Low
Full-time staff #188
Avg. Compensation $75,055
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||1|
|$200k - $250k||2|
|$160k - $200k||2|
|$120k - $160k||5|
|$80k - $120k||0|
|$40k - $80k||0|
About Covenant House Toronto:
Founded in 1982, Covenant House Toronto (COVT) works to protect at-risk, homeless and trafficked youth. At any point, up to 18% of the homeless population in Canada are youth and 40% of those youth were first homeless before the age of 16. Many homeless youth are escaping trauma or face mental health issues. Left on the streets, kids can become involved in drugs, sex trafficking, or gangs.
In F2018, COVT allocated 47% of program spending to the crisis shelter. A total of 743 youth used the shelter, a 20% decrease since F2017. COVT notes that this is due to a record high daily number of youth staying in the shelter for longer periods of time, which is attributable to the lack of stable, affordable housing and sustainable employment opportunities for youth. The on-site health centre provided 4,843 healthcare visits in F2018. There are emergency beds reserved for young women who have experienced sex trafficking or exploitation.
Long-Term Transitional Housing received 17% of program funding in F2018. This program prepares youth for living independently by offering workshops on budgeting, laundry, and grocery shopping. Job training and career counselling services are also available. If youth stick to a personal plan including work or school, they are allowed to live in an apartment while paying a third of the market-rate rent. Covenant House Toronto has recently opened Avdell Home, its second supported housing program for victims of sex trafficking.
Covenant House Toronto allocated 21% of program funding to Community Support Services and Outreach. Support Services help youth who are homeless or low-income but live outside of the crisis shelter. Kids can access a COVT foodbank, get clean clothes, or access counselling. In F2018, 140 youth received support for mental health and addiction issues, 90 victims of sexual exploitation had specialized support, and 42 youth were matched with mentors.
In F2018, 7% of program spending was allocated to educating the public about youth homelessness and sex trafficking, 5% covered healthcare costs for youth, and 3% was allocated to program evaluation and research.
Results and Impact:
Covenant House Toronto is a Major 100 charity, receiving $24.4m in donations in F2017. Its administrative costs are 5% of revenues and fundraising costs are 28% of donations. For every $1 donated, 66 cents go to the cause. This is within Ci’s reasonable range for overhead spending. COVT has $18.8m in funding reserves, which can cover program costs for just over one year.
This charity report is an update that has been sent to Covenant House Toronto for review. Changes and edits may be forthcoming.
Updated on June 7, 2019 by Caroline McKenna.
Financial RatiosFiscal year ending June
|Administrative costs as % of revenues||5.5%||5.6%||5.8%|
|Fundraising costs as % of donations||28.1%||28.5%||33.0%|
|Program cost coverage (%)||103.2%||109.2%||92.2%|
Summary Financial StatementsAll figures in $000s
|Fees for service||2,675||2,917||2,620|
|Cash flow from operations||2,657||3,338||879|