10 Huntingdale Blvd
Scarborough, ON M1W 2S5
Executive Director: Russell Wolf
Board Chair: Elaine Maxwell

Charitable Reg. #:12994 7537 RR0001

STAR RATING

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

[Charity Rating: 1/5]

✔+

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.

88%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 88 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 publically report detailed information on its projects. 

 

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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 $12.3m in Canadian donations and $1.1m in international donations in F2022. The charity also reports $369k in investment income and $1.1m in unrealized investment losses. 

Administrative costs are 11% of revenues (excluding investment income) and fundraising costs are 1% of donations. For every dollar donated, 88 cents go towards SIM Canada’s programs, which is within Ci’s reasonable range for overhead spending.

SIM Canada has total funding reserves of $12.9m, which can cover 14 months of its annual program costs.

SIM Canada paid $13k to external fundraisers in F2022, however, it did not report the gross revenue these fundraisers collected 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 May 30th, 2023 by Brenleigh Jebb. 

Financial Review


Financial Ratios

Fiscal year ending September
202220212020
Administrative costs as % of revenues 10.8%10.9%13.6%
Fundraising costs as % of donations 0.9%0.8%1.0%
Total overhead spending 11.7%11.7%14.5%
Program cost coverage (%) 117.5%128.8%115.8%

Summary Financial Statements

All figures in $000s
202220212020
Donations 12,30210,72310,000
International donations 1,140950978
Investment income (730)829143
Other income 154142432
Total revenues 12,86712,64411,552
Program costs - International 10,6069,2478,897
Program costs - Canada 408350361
Administrative costs 1,4631,2851,547
Fundraising costs 1168698
Total spending 12,59310,96810,903
Cash flow from operations 2741,676649
Capital spending (494)8134
Funding reserves 12,94512,36310,721

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 ($2k) in F2022, ($24k) in F2021, and $23k in F2020. 

Salary Information

Full-time staff: 158

Avg. compensation: $39,514

Top 10 staff salary range:

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
0
$120k - $160k
0
$80k - $120k
5
$40k - $80k
5
< $40k
0

Information from most recent CRA Charities Directorate filings for F2022

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Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

Website: www.sim.ca
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 1-800-294-6918

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Charitable Registration Number: 80340 7956 RR0001