360°Kids Support Services
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.
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.
78%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 78 cents are available for programs.
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OVERVIEW
About 360°Kids Support Services:
360°kids is a 4-star charity. It is financially transparent and has an above-average results reporting grade and overhead costs within Ci’s reasonable range.
360°kids was founded in 1998 when the Markham Neighbourhood Support Centre and Youth Housing Markham merged. 360°kids provides a variety of services to support homeless youth in York, Ontario. The charity runs four programs: Housing; Education; Health and Well-Being; and Employment. 360°kids does not provide a breakdown of program spending. Charity Intelligence calculates it spent $8.3m on its programs in F2023.
360°kids provides a range of housing programs to address housing needs of youth in York. The charity reports it provided direct housing support to 201 youths in F2023. This amounted to 16,523 bed nights in total. Its HOPE subprogram provides transitional housing and supports for female-identifying survivors of human trafficking. The HOPE program provided housing support to six young women in F2023.
360°kids states that low school participation is a factor for most homeless youth. The charity’s iGrad program provides support to help youth earn their high school diploma. Students registered for iGrad take online courses to fulfill their high school credits. 360°kids also gives money to help students pay for education. It provided $23k to 18 youths in F2023.
360°kids provides a variety of supports to improve the health and well-being of youth in York. The charity provided counseling to 304 youths in F2023. It also facilitated 1,680 life-skills sessions. 360°kids’ LEGIT subprogram assists youth who are involved in gangs or at-risk of gang involvement. LEGIT served 795 youths in F2023.
360°kids offers employment supports to help youth get the skills needed to find and keep jobs. The charity conducted 1,278 pre-employment workshops in F2023. The Every Bite Matters subprogram helps youth pursue a career in the food industry. The charity states that in F2024 it will expand this program with a new training kitchen in Newmarket. In total, 399 youths participated in the charity’s employment programs.
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Results and Impact
360°kids reports 79% of youth in its programs improved their overall well-being in F2023.
Eight youths graduated high school through the iGrad program in F2023.
67% of youth in 360°kids’ employment programs gained employment or returned to school in F2023.
While Ci highlights these key results, they may not be a complete representation of 360°kids’ results and impact.
The charity is not yet rated on impact (n/r).
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Finances
In F2023 360°kids received $3.6m in cash donations. The charity received $7.2m in government funding, representing 66% of total revenues.
Administrative costs are 11% of revenues (excluding investment income). Fundraising costs are 10% of donations. This results in total overhead spending of 22%. For every dollar donated, 78 cents are available to go to the cause. This falls within Ci’s reasonable range for overhead spending.
In F2023 360°kids spent $8.3m on its programs, which is 76% of its revenue. In F2023 it had a surplus of $1.0m.
360°kids has $5.5m in gross funding reserves and $20k in interest-bearing debt. This results in net funding reserves of $5.4m. The net funding reserves can cover 66%, or eight months of program costs.
This charity report is an update that has been sent for review to 360°kids. Changes and edits may be forthcoming.
Updated on August 13, 2024, by Grady Simpson.
Financial Review
Fiscal year ending March
|
2023 | 2022 | 2021 |
|---|---|---|---|
| Administrative costs as % of revenues | 11.1% | 5.3% | 5.4% |
| Fundraising costs as % of donations | 10.4% | 6.0% | 7.6% |
| Total overhead spending | 21.5% | 11.3% | 13.0% |
| Program cost coverage (%) | 65.6% | 46.6% | 50.6% |
Summary Financial StatementsAll figures in $000s |
2023 | 2022 | 2021 |
|---|---|---|---|
| Donations | 3,545 | 4,143 | 2,563 |
| Goods in kind | 5 | 40 | 15 |
| Government funding | 7,212 | 8,046 | 6,791 |
| Investment income | (9) | 42 | 202 |
| Other income | 188 | 128 | 108 |
| Total revenues | 10,941 | 12,397 | 9,678 |
| Program costs | 8,283 | 9,047 | 7,463 |
| Donated goods exp | 5 | 40 | 15 |
| Administrative costs | 1,214 | 649 | 507 |
| Fundraising costs | 369 | 250 | 196 |
| Other costs | 25 | 5 | 16 |
| Total spending | 9,896 | 9,991 | 8,196 |
| Cash flow from operations | 1,045 | 2,407 | 1,482 |
| Capital spending | 229 | 1,635 | 3 |
| Funding reserves | 5,430 | 4,217 | 3,779 |
Note: DEFERRED ADJUSTMENT: 360°kids uses deferred accounting. To show donors information on a consistent basis, Ci adjusted for these deferred revenues. This affected revenues by $nil in F2023, ($164k) in F2022, and $164k in F2021. T3010: Ci reported program, administrative, and fundraising costs using the charity’s T3010 form. AMORTIZATION: Ci removed amortization on a pro rata basis from program, administrative and fundraising costs in F2023, F2022 and F2021. DONATED GOODS IN KIND: Ci removed donated goods in kind from fundraising and donations revenue and reported it under goods in kind. Ci removed donated goods expense from program costs and reported it as donated goods expense.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
2 |
$80k - $120k |
2 |
$40k - $80k |
6 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2023
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Comments & Contact
Comments added by the Charity:
Updated on October 20, 2023:
Young people deserve excellent and diverse services and supports. Donors deserve to have transparency and to know of the impact of their giving. At 360kids, we’re committed to these goals and are grateful for the many partnerships that allow us to address our community’s needs.
This is from a previous profile:
For more than 30 years, 360°kids has been making a difference in the lives of young people who are homeless or at risk of homelessness. We believe that they all deserve a safe place to call home and provide a range of supports and services aimed at achieving this vision. We are proud of the evaluation by Charity Intelligence as an organization that delivers impact for our donors as well as for the young people we serve. - Clovis Grant, CEO 360°kids
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 905-475-6694