B'Nai Levy Foundation
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✖
FINANCIAL TRANSPARENCY
Audited financial statements available only through official request for information from Charities Directorate.
F
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.
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 B'Nai Levy Foundation:
B'Nai Levy Foundation is a 0-star charity with Low demonstrated impact. The charity had $21.6m in donations in F2021 but despite this, B'Nai Levy Foundation publicly reports very little information on its programs. The charity does not have a website, nor is it financially transparent. Before you give, read Charity Intelligence's report.
B’Nai Levy Foundation collects money to support Jewish education and maintain a house of worship, a Synagogue. It aims to strengthen the spiritual, ethical, and moral values of Jewish culture. The charity is located in the Quebec community of Kiryas Tosh which is home to approximately 3,000 Hasidic Jews. B’Nai Levy Foundation discloses operations in Canada, USA, Israel and countries in Europe but does not specify how much of its programming occurs in each of the countries.
In F2021, B’Nai Levy Foundation allocated $11.3 million of its grants and program spending to community support and educational programs. The other $2.4m was spent on occupancy costs.
In F2021, the charity reports granting $5.6 million to other charities. Since F2019, the charity has not provided a breakdown of its grantees to the CRA. Its biggest grant in F2019 went to Cong. Aniyei Itcho for which Ci was unable to find any information. The second biggest grantee was Kehilas Tosh which operates in the Canadian Kiryas Tosh community, giving money to poor people and providing scholarships to students.
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Results and Impact
B’Nai Levy Foundation has no website. Hence, Charity Intelligence did not find any quantified outcomes for B’Nai Levy Foundation. This may not be a complete representation of B’Nai Levy Foundation's results and impact.
Charity Intelligence has rated B'Nai Levy Foundation as Low impact based on demonstrated impact per dollar spent.
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Finances
Charity Intelligence received B’Nai Levy Foundation’s financial statements from the CRA. The statements are redated and hide the auditor’s name, the date of the statements and the name of a firm that has links to the charity.
B’Nai Levy Foundation received donations of $21.6m in F2021. It also received $1.8m in fees for service revenue for its educational and administrative services. This is an alarming sum of money, considering how little information is publicly available about the charity.
Administrative costs are 10% of revenues and fundraising costs are 2% of donations. This results in total overhead spending of 12%. For every dollar donated, 88 cents are available for the charity's programs. This falls within Ci’s reasonable range for overhead spending.
B’Nai Levy Foundation has ($592k) in net reserve funds after accounting for $6.0m in debt. The charity's gross reserve funds could cover just under five months of annual program costs.
On its T3010 filing with the CRA, the charity reports an increase of 13 full-time staff (from three to 16) and 25 part-time staff (from six to 31) from F2020 to F2021. The charity provides no information as to why there was such a big increase in staff.
Ci used the most recent financial information available at the time of writing this report. No website or email address associated with this charity have been identified.
Updated August 21, 2023 by Victoria Allder.
Financial Review
Fiscal year ending December
|
2021 | 2020 | 2019 |
|---|---|---|---|
| Administrative costs as % of revenues | 9.8% | 12.4% | 12.5% |
| Fundraising costs as % of donations | 2.2% | 1.5% | 3.1% |
| Total overhead spending | 12.1% | 13.9% | 15.6% |
| Program cost coverage (%) | (4.4%) | (16.3%) | (39.7%) |
Summary Financial StatementsAll figures in $000s |
2021 | 2020 | 2019 |
|---|---|---|---|
| Donations | 21,585 | 24,813 | 16,364 |
| Fees for service | 1,893 | 2,041 | 1,444 |
| Total revenues | 23,478 | 26,854 | 17,808 |
| Program costs | 7,967 | 15,080 | 12,907 |
| Grants | 5,593 | 3,176 | 754 |
| Administrative costs | 2,310 | 3,335 | 2,221 |
| Fundraising costs | 484 | 359 | 509 |
| Total spending | 16,355 | 21,951 | 16,391 |
| Cash flow from operations | 7,123 | 4,902 | 1,417 |
| Capital spending | 0 | 0 | 0 |
| Funding reserves | (592) | (2,974) | (5,419) |
Note: Ci reports grants listed on the charity’s T3010 for F2021, F2020 and F2019. The charity does not report any amount granted out to qualified donnees in F2021 on its T3010. It lists $5.6m as other expenses, which Ci has reported as grants for consistency with previous years. In previous years, the charity reported grants but did not report other expenses. In F2021, the charity's capital assets increased from $1.1m to $4.2m. Since the charity's audited financial statements do not inlcude a cash flows statement or other accompanying notes, Ci did not report capital spending. For this same reason, it is unclear whether the charity's loans bear interest. Ci has included these loans in debts.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
0 |
$40k - $80k |
0 |
< $40k |
10 |
Information from most recent CRA Charities Directorate filings for F2021
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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: 450-419-5055