Church of Jesus Christ of Latter-Day Saints in Canada
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.
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.
98%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 98 cents are available for programs.
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OVERVIEW
About Church of Jesus Christ of Latter-Day Saints in Canada:
Church of Jesus Christ of Latter-Day Saints in Canada is a 1-star charity. The Church is not financially transparent and reports very little about its programs and results. Before you give, read Charity Intelligence's report.
Church of Jesus Christ of Latter-day Saints is a Christian faith that was first brought to Canada in 1830. It spreads teachings from the Old Testament, New Testament, and Book of Mormon. The Church of Jesus Christ aims to use religious commandments to care for those in need. The Church has informally been referred to as Mormon Church or LDS, but these titles are discouraged.
Church of Jesus Christ of Latter-day Saints in Canada has two main programs: Spreading the Religion and Caring for Those in Need. The charity does not provide a breakdown of its spending on its programs.
In F2021, it appears that the majority of program spending went towards Spreading the Religion. Church of Jesus Christ of Latter-day Saints in Canada is part of the worldwide religion based out of Utah. Globally, the Church has over 30,000 congregations. In Canada, there are 499 congregations and nine temples. In F2021, the Church announced 105 new mission leaders that will travel around the world to spread the teachings of the Church.
In F2021, the minority of program spending went towards Caring for Those in Need. This program focuses on helping people who are in need around the world. In F2021, the Church led 3,909 humanitarian projects in 188 countries and territories. It reached 1.8 million people with clean water and sanitation projects. In F2021, the Church also led seven campaigns to end diseases including diabetes, polio, and measles.
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Results and Impact
Charity Intelligence found that Church of Jesus Christ of Latter-Day Saints in Canada reported many stories but few numeric results on its work. Through its Caring for Those in Need program, it helped 2,658 people find jobs in Canada and the US.
This may not be a complete representation of Church of Jesus Christ of Latter-Day Saints in Canada’s results and impact. This charity is not yet rated on impact (n/r).
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Finances
Church of Jesus Christ of Latter-day Saints in Canada is not financially transparent. Financial analysis is based on unaudited and unreviewed financial statements provided by the CRA. The financial statements received from the CRA are incomplete; they do not include notes, nor a cash flow statement.
Church of Jesus Christ of Latter-day Saints in Canada is a Major 100 charity, one of Canada’s largest charities in terms of donations. It received $190m in cash donations in F2021. Church of Jesus Christ’s administrative costs are 2% of revenues (less investment income), and the Church does not report fundraising costs. For every dollar donated, 98 cents go to the cause, which is outside Ci’s reasonable range for overhead spending. When a charity reports overhead spending of less than 5%, it sometimes suggests that the numbers are inaccurate or misreported.
Church of Jesus Christ of Latter-day Saints in Canada has $125m in reserve funds. The Church could cover 83% or almost ten months of its annual program costs with reserves.
This charity report is an update that has been sent to The Church of Jesus Christ of Latter-day Saints for review. Changes and edits may be forthcoming.
Updated on June 30, 2023, by Clive Stevens.
Financial Review
Fiscal year ending December
|
2021 | 2020 | 2019 |
|---|---|---|---|
| Administrative costs as % of revenues | 1.6% | 2.1% | 2.5% |
| Total overhead spending | 1.6% | 2.1% | 2.5% |
| Program cost coverage (%) | 83.2% | 87.4% | 65.8% |
Summary Financial StatementsAll figures in $000s |
2021 | 2020 | 2019 |
|---|---|---|---|
| Donations | 190,063 | 179,465 | 177,674 |
| Investment income | 1,547 | 1,737 | 4,010 |
| Other income | 18,438 | 3,903 | 7,867 |
| Total revenues | 210,048 | 185,105 | 189,551 |
| Program costs | 56,943 | 54,236 | 63,422 |
| Grants | 93,635 | 67,968 | 76,764 |
| Administrative costs | 3,326 | 3,929 | 4,628 |
| Other costs | 13,818 | 19,117 | 43,379 |
| Total spending | 167,722 | 145,250 | 188,193 |
| Cash flow from operations | 42,326 | 39,855 | 1,358 |
| Capital spending | 0 | 0 | 0 |
| Funding reserves | 125,342 | 106,783 | 92,243 |
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
10 |
$80k - $120k |
0 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2021
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Comments & Contact
Comments added by the Charity:
Charity Contact
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