MSC Canada
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔
FINANCIAL TRANSPARENCY
Most recent Audited financial statements available on the charity’s website.
D
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.
93%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 93 cents are available for programs.
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OVERVIEW
About MSC Canada:
MSC Canada is a 1-star charity. It has a below-average results reporting grade of D, meaning it reports very little outputs or outcomes of its programs. Its overhead spending is 6.6% which is within Ci reasonable range.
Founded in 1940, MSC Canada (Mission + Service Connections Canada) supports Christian missionaries with money and donated goods. MSC workers are sent out from their local churches and MSC provides both the church and the workers with logistical and financial support. MSC Canada helps active mission workers in their work but also offers financial assistance for retired mission workers and the education of their children.
MSC Canada provides support for over 400 missionaries in Canada and 250 missionaries working internationally. Mission workers introduce people to the Christian faith while undertaking a variety of projects relating to children, disaster relief, and healthcare in low-income communities. In F2023, MSC Canada spent $11.6m on international programs and $3.4m on Canadian programs.
In F2023, MSC Canada provided relief in Ukraine. The charity sent 105 shipments of goods, totalling 1,400 metric tons. MSC Canada also repaired and provided homes for about 100 disadvantaged families and helped a total of around 370,000 people in Ukraine.
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Results and Impact
Ci could not find any quantified outcomes on the MSC Canada website. This may not be a complete representation of MSC Canada's results and impact.
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Finances
MSC Canada had donations of $25.8m in F2023, making it a Major 100, one of Canada’s largest donor-funded charities.
Administrative costs are 7% of revenues (less investment income) and fundraising costs are 0.1% of donations. This results in total overhead spending of 7%, which is within Ci’s reasonable range for overhead spending.
MSC Canada has $10.1m in reserve funds. These reserve funds are the charity’s cash and investments. The charity has 5 months of annual program costs covered by its current reserves.
This charity report is an update that has been sent to MSC Canada for review. Changes and edits may be forthcoming.
Updated on July 25, 2024, by Lily Ferguson.
Financial Review
Fiscal year ending June
|
2023 | 2022 | 2021 |
|---|---|---|---|
| Administrative costs as % of revenues | 6.7% | 6.6% | 5.0% |
| Fundraising costs as % of donations | 0.1% | 0.1% | 0.1% |
| Total overhead spending | 6.8% | 6.7% | 5.1% |
| Program cost coverage (%) | 43.7% | 52.7% | 42.3% |
Summary Financial StatementsAll figures in $000s |
2023 | 2022 | 2021 |
|---|---|---|---|
| Donations | 25,783 | 19,276 | 18,947 |
| Investment income | 503 | 286 | 444 |
| Total revenues | 26,286 | 19,563 | 19,390 |
| Program costs - International | 11,662 | 11,271 | 11,512 |
| Program costs - Canada | 3,376 | 3,279 | 3,118 |
| Grants | 8,011 | 2,100 | 3,051 |
| Administrative costs | 1,723 | 1,267 | 941 |
| Fundraising costs | 21 | 22 | 23 |
| Total spending | 24,794 | 17,939 | 18,645 |
| Cash flow from operations | 1,492 | 1,624 | 746 |
| Capital spending | 88 | 40 | 21 |
| Funding reserves | 10,074 | 8,780 | 7,485 |
Note: Ci has included amortization reported below the line, increasing expenses by $32k in F2023, $34k in F2022, and $38k in F2021. Ci has used the charity’s T3010 filing with the CRA to report fundraising costs and backed them out of general admin costs. Ci has also used the T3010 to report international program costs and grants to qualified donees and backed them out of program costs.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
2 |
$40k - $80k |
7 |
< $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
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Tel: 905-947-0468