Wellspring Calgary

1404 Home Road NW
Calgary, AB T3B 1G7
Executive Director: Patti Morris
Board President: David Harvie

Website: www.wellspringcalgary.ca
Charitable Reg. #: 80901 3675 RR0001
Sector: Health - Cancer
Operating Charity

Donor Accountability

Grade: B

The grade is based on the charity's public reporting of the work it does and the results it achieves.

Financial Transparency

Audited financial statements for current and previous years available on the charity's website [ Audited financial statement for most recent year ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Cents to The Cause

95¢
75¢
avg
65¢
50¢
2015 2016 2017
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #14

Avg. Compensation $56,362

Top 10 Staff Salary Range

$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 F2017

About Wellspring Calgary:

Founded in 2006, Wellspring Calgary aims to address the emotional, social, and restorative needs of people living with cancer and their caregivers. The charity offers over 40 programs to meet these needs. Programs are free, available without referral, and offered at two locations in Calgary: Carma House NW and Fountain Court SE.

Wellspring Calgary has four primary ‘wellness’ pillars for its programs: Core & Educational, Expressive Arts, Movement & Meditation, and Caregiver & Self-care. Besides these pillars, the charity also has young adult programs, one-on-one programs, energy session programs, bereavement programs, financial help programs, speaker series, and resources programs. Anyone over 18 years old with cancer can become a Wellspring member for free access all programs, resources, and services. In 2017, Wellspring Calgary delivered 31,848 program hours for its 4,898 members. 

In 2015, Wellspring Calgary launched a $12.9m fundraising campaign: $6.2m to build the Randy O’Dell House (a new program location), $5.7m for member programs, and $1.0m to grow its endowment. Located in Seton, the Randy O’Dell House will serve people in southern Alberta to address the charity’s increasing members. As of September 2018, Wellspring Calgary has raised $9.6 million, 74% of its fundraising goal, and aims to open the Randy O’Dell House in September 2019.

Results and Impact: Wellspring Calgary conducts annual surveys on its members. In F2017, 98% of respondents received the support they needed, 99% of respondents felt better prepared to manage going forward, and 100% of respondents gained knowledge and skills needed to address their needs. The total number of respondents was not stated in the charity’s annual report.

Financial Review:

Wellspring Calgary is a Small charity with $928k in donations and special events revenues in 2017. Its administrative costs are 11% of revenues. Fundraising costs are 34% of donations, an increase of 35% from 2016 largely due to an additional $94k incurred in 2017 for the growth campaign. For each dollar donated, 54 cents go to the cause, falling outside of Ci’s reasonable range for overhead spending. Donors should note that the overhead ratios are "bouncy" as Wellspring received a one-time $4m donation for its campaign in 2016.

The charity has funding reserves of $13.2m, which cover 8.9 years of program costs. Although the coverage ratio does not show a need for funding, the funding reserve makes sense given the $12.9m target to fund the Randy O’Dell House. 

This report is Ci’s first charity report on Wellspring Calgary and has been sent to the charity. Changes and edits may be forthcoming.

Financial analysis updated on August 24, 2018 by Joeyanne Cheung. Social results analysis updated by Katie Khodawandi on October 6, 2018.

Financial Ratios

Fiscal year ending December
201720162015
Administrative costs as % of revenues 11.4%3.6%19.2%
Fundraising costs as % of donations 34.5%7.1%26.9%
Program cost coverage (%) 888.0%1,081.0%899.4%

Summary Financial Statements

All figures in $s
201720162015
Donations 902,4264,875,047637,157
Goods in kind 2,09018,800963
Government funding 12,50052,7610
Special events 570,241405,404398,352
Investment income 286,204311,804293,484
Other income 4,81327,59133,219
Total revenues 1,778,2745,691,4071,363,175
Program costs 1,490,7821,243,5601,050,083
Administrative costs 169,462193,613205,130
Fundraising costs 507,546375,137278,756
Cash flow from operations (389,516)3,879,097(170,794)
Funding reserves 13,238,05613,442,9489,444,908
Note: Ci adjusted for deferred contributions and excluded amortization of deferred contributions, affecting donations by ($276k) in 2017, $4.0m in 2016, and ($161k) in 2015. Ci included endowment contribution in donations, increasing revenues by $2k in 2017, $1k in 2016, and $5k in 2015.

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