SIM Canada
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
FINANCIAL TRANSPARENCY
Audited financial statements for current and previous years available on the charity’s website.
F
RESULTS REPORTING
Grade based on the charity's public reporting of the work it does and the results it achieves.
Low
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.
87%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 87 cents are available for programs.
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OVERVIEW
About SIM Canada:
Serving in Mission Canada is a 1-star charity. It has an F in results reporting, meaning it publicly reports very little information about its programs; however, the charity is financially transparent. Before you give, read Charity Intelligence’s report.
SIM Canada is the Canadian division of Serving in Mission (SIM) International, which was founded in 1893. SIM sends missionaries to 70 countries, and states that the charity’s purpose is that “no one should live and die without hearing God's good news, we believe that He has called us to make disciples of the Lord Jesus Christ in communities where he is least known.” SIM International claims that because of its services, over nine million people have become believers and more than 18,000 churches have been established.
In addition to missionary services, SIM Canada runs development projects. It is unclear what areas of development the charity works within or how many development projects it runs. SIM Canada does not publicly report detailed information on its projects. In 2023, the charity reports that it responded to four disasters.
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Results and Impact
Charity Intelligence did not find any quantified outcomes on SIM Canada’s website. This may not be a complete representation of SIM Canada’s results and impact.
SIM Canada was rated as Low impact based on demonstrated social impact per dollar spent.
Impact Rating: Low
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Finances
SIM Canada received $12.0m in Canadian donations and $1.0m in international donations in F2023. The charity also reports $467k in investment income and $71k in unrealized investment losses.
Administrative costs are 12% of revenues (excluding investment income) and fundraising costs are 1% of donations. For every dollar donated, 87 cents go towards SIM Canada’s programs. This is within Ci’s reasonable range for overhead spending.
SIM Canada has reserve of $13.6m that can cover 14 months of program costs at the F2023 level.
SIM Canada paid $11k to external fundraisers in F2023, however, it did not report the gross revenue collected by fundraisers on its T3010 filings with the CRA.
Ci has sent this profile update to SIM Canada for review. Changes and edits may be forthcoming.
Updated March 19, 2023 by Emily Downing.
Financial Review
Fiscal year ending September
|
2023 | 2022 | 2021 |
|---|---|---|---|
| Administrative costs as % of revenues | 11.6% | 10.8% | 10.9% |
| Fundraising costs as % of donations | 1.2% | 0.9% | 0.8% |
| Total overhead spending | 12.8% | 11.7% | 11.7% |
| Program cost coverage (%) | 120.2% | 117.5% | 128.8% |
Summary Financial StatementsAll figures in $000s |
2023 | 2022 | 2021 |
|---|---|---|---|
| Donations | 11,958 | 12,302 | 10,723 |
| International donations | 1,042 | 1,140 | 950 |
| Investment income | 396 | (730) | 829 |
| Other income | 151 | 154 | 142 |
| Total revenues | 13,548 | 12,867 | 12,644 |
| Program costs - International | 10,911 | 10,606 | 9,247 |
| Program costs - Canada | 443 | 408 | 350 |
| Administrative costs | 1,525 | 1,463 | 1,285 |
| Fundraising costs | 140 | 116 | 86 |
| Total spending | 13,020 | 12,593 | 10,968 |
| Cash flow from operations | 528 | 274 | 1,676 |
| Capital spending | 52 | (494) | 8 |
| Funding reserves | 13,648 | 12,945 | 12,363 |
Note: To report on a cash basis, amortization of property and equipment was removed from administrative costs. Ci also adjusted for deferred donations, affecting revenue by ($3k) in F2023, ($2k) in F2022, and ($24k) in F2021.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
8 |
$40k - $80k |
2 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2023
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Comments & Contact
Comments added by the Charity:
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 1-800-294-6918