United Way Southern Vancouver Island

201-1405 Douglas Street
Victoria, BC V8W 2G2
CEO: Erika Stenson
Board Chair: Victoria Schmid

Charitable Reg. #:11927 8224 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

[Charity Rating: 3/5]

✔+

FINANCIAL TRANSPARENCY

Audited financial statements for current and previous years available on the charity’s website.

B

RESULTS REPORTING

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

n/r

DEMONSTRATED IMPACT

The demonstrated impact per dollar Ci calculates from available program information.

NEED FOR FUNDING

Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.

42%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 42 cents are available for programs.



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OVERVIEW

About United Way Southern Vancouver Island:

United Way Southern Vancouver Island is a 3-star charity. It is financially transparent and has overhead costs outside of Ci's reasonable range. It has an average results reporting grade.

Founded in 1937, United Way Southern Vancouver Island (UWSVI), formerly United Way of Greater Victoria, grants funds to local charities to improve lives and build a stronger community. UWSVI’s four main grant areas are Mental Health and Addictions; Families; Seniors; and Diversity, Equity, and Inclusion. 

At the time of this update, the charity has not yet published the F2024 Annual Report. As such the information below comes from the F2023 annual report.  

In F2023, UWSVI granted $3.5m. Of this amount, $557k was donor-designated. The remaining $3.0m in grants is divided into the four main grant areas: 

Families - 40% of grants. In F2023, 43,960 people benefitted from 49 programs. 13,368 children, youths and their families accessed nutritious and affordable food, skills training courses, housing support, and intervention services to help them navigate crisis situations. 

Mental Health and Addiction - 27%. In F2023, UWSVI-funded agencies ran 31 programs, helping 21,818 people. 4,418 kids, youths, adults, and seniors accessed affordable counselling services. 8,068 children, youths, adults and seniors were helped through outreach and peer-to-peer mental health support. 

Seniors - 21%. UWSVI-funded agencies ran 16 programs in F2023. These programs helped 8,808 people. 2,394 seniors and their families and caregivers were provided with essential supports like hygiene and other basic needs. 

Diversity, Equity, and Inclusion - 12%. In F2023, UWSVI funded ten programs, helping 1,478 people. 343 primarily Indigenous adults and youths took part in culturally supportive and enriching programs. 

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Results and Impact

UWSVI reports that many seniors experience extreme loneliness and isolation, malnutrition or food insecurity, mobility issues and limited income that greatly impacts their physical, mental, and emotional well-being. In F2023, United Way’s More than Meals program delivered 67,000 meals, up from 50,000 the year before. 

While Ci highlights these key results, they may not be a complete representation of United Way Southern Vancouver Island’s results and impact. This charity is not yet rated on impact (n/r). 

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Finances

United Way of Southern Vancouver Island received $4.2m in donations in F2024. Administrative costs are 26% of revenues (excluding investment income) and fundraising costs are 32% of donations. This results in total overhead spending of 58%. For every dollar donated, 42 cents are available for programs. This is outside Ci’s range for overhead spending. This is partially due to an increase in administrative costs of 251% since F2022. 

In F2024, UWSVI spent $2.2m on its grants, which is 49% of total revenues, excluding donor-designated grants. The charity also spent $245k (5% of revenues) on programs. This program spending includes the costs and salaries related to the management of the grants and is 11% of grants.  The charity also had a deficit of $350k. 

UWSVI has funding reserves of $6.6m, of which $1.7m are endowed by donors. Excluding donor-endowed funds, the charity can cover its program and granting activities for just over two years. 

This charity report is an update that has been sent to United Way of Southern Vancouver Island. Changes and edits may be forthcoming. 

Updated on August 1, 2024 by Alessandra Castino. 

Financial Review


Financial Ratios

Fiscal year ending March
202420232022
Administrative costs as % of revenues 25.5%16.2%6.8%
Fundraising costs as % of donations 32.2%29.4%24.8%
Total overhead spending 57.7%45.6%31.5%
Program cost coverage (%) 205.8%157.7%188.9%

Summary Financial Statements

All figures in $s
202420232022
Donations 4,187,3194,463,9434,601,160
Government funding 81,5251,288,9890
Investment income 684,410(164,273)302,820
Other income 3,54588,317887
Total revenues 4,956,7995,676,9764,904,867
Program costs 244,777247,033631,700
Grants 2,212,1982,958,9082,459,877
Donor-designated donations 412,006556,967799,768
Administrative costs 1,088,680943,856310,449
Fundraising costs 1,349,5411,312,9721,138,829
Total spending 5,307,2026,019,7365,340,623
Cash flow from operations (350,403)(342,760)(435,756)
Capital spending 0096
Funding reserves 6,600,0816,640,7417,426,654

Note: PLEDGES RECEIVABLE: Ci adjusted for pledges receivable, affecting donations by $143k in F2024, $376k in F2023, and ($277k) in F2023.  DEFERRED DONATIONS: Ci adjusted for deferred donations, affecting donations by $nil in F2024, ($150k) in F2023, and ($52k) in F2022.  AMORTIZATION: Amortization was removed from administrative costs as outlined in the charity’s audited financial statements.   

Salary Information

Full-time staff: 17

Avg. compensation: $97,994

Top 10 staff salary range:

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
0
$120k - $160k
1
$80k - $120k
9
$40k - $80k
0
< $40k
0

Information from most recent CRA Charities Directorate filings for F2023

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Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

Website: www.uwgv.ca
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 250-385-6708

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Charitable Registration Number: 80340 7956 RR0001