Seeds of Hope
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.
C-
RESULTS REPORTING
Grade based on the charity's public reporting of the work it does and the results it achieves.
Low
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.
83%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 83 cents are available for programs.
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OVERVIEW
About Seeds of Hope:
Seeds of Hope is a 2-star charity with Low Demonstrated Impact. The charity has a C- Results Reporting grade, which is below average. For every dollar donated to the charity, 83 cents are available to go to the cause, which is within Ci's reasonable range.
Founded in 1996, Seeds of Hope, Children’s Ministry (Seeds of Hope, SOH) is a Christian international aid charity. The charity states it exists to equip children and those in need to love and serve Jesus Christ while becoming healthy, educated, and responsible members of society. Seeds of Hope provides a haven to the most vulnerable in Zambia, Myanmar, and Thailand. The charity’s programs target those affected by sex trafficking, abandonment, rape, diseases, and disabilities. Seeds of Hope also runs a farming program but reports little of its activities and results.
At the time of this report, the charity’s most recent annual report and financial information is from December 2022. In 2022, Seeds of Hope spent $1.9m on its programs. The charity does not provide a breakdown of its program spending.
In Zambia, Seeds of Hope runs a boarding school and a farming program. The charity states that unemployment is rampant and 86% of the population lives below the poverty line. Grace Academy, the charity’s boarding school, educates the most vulnerable children from pre-school to 12th grade. Over 170 children stay at Grace Academy. On April 6, 2024, 22 children graduated from the school. In 2022, Seeds of Hope hired two youth mentors to counsel high school and college students. In 2022, the charity began construction on a three-bay mechanic’s shop that was completed in 2023. Seeds of Hope also added five greenhouses to its farming program.
In Thailand, Seeds of Hope runs two children’s homes and a women’s house. In 2022, Rays of Hope, the charity’s children’s houses in Chiang Mai, finished its first full year of operation. In 2022, 13 children stayed at Rays of Hope. The charity states all children come from vulnerable situations, such as abuse, sex trade, and abandonment. The charity opened a new ministry called Nuu Rain, which cares for women with mental illness, HIV, and other medical issues. Seeds of Hope provides housing, medical, care, and religious studies to Nuu Rain residents. In 2022, the charity broke ground on a new home, kitchen, and living area for Nuu Rain.
In Myanmar, Seeds of Hope runs a Children’s Home, called Precious Gems Children’s Home. The charity states Myanmar faces food shortages, inflation, a rise in crime, and difficulty getting medical care, caused by the military coup in Feb 2021. Due to the rise of power outages from rampant theft of wire and electrical equipment, the charity has found it difficult to communicate with its children’s home.
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Results and Impact
In 2024, Seeds of Hope reported its Grace Academy is ranked number one in Ndola, Zambia based on the 2023 national exams. Since its inception, four students from Grace Academy have pursued medical school, of which, one currently practices medicine.
While Ci highlights these key results, they may not be a complete representation of Seeds of Hope, Children’s Ministry’s results and impact.
Ci rated Seeds of Hope as Low on demonstrated impact, per dollar spent.
Impact Rating: Low
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Finances
In 2022, Seeds of Hope received $2.1m in Canadian donations. The charity also received $334k in international donations (11% of revenue) and $537k from the federal government (18% of revenue). In 2022, Seeds of Hope spent $1.9m on its programs, which is 64% of revenue (excluding donated goods). The charity recorded a surplus of $582k, which is 19% of revenue.
Administrative costs are 15% of revenue (less investment income). Fundraising costs are 2% of donations. For every dollar donated to the charity, 83 cents are available to go to the cause, which is within Ci’s reasonable range.
Seeds of Hope has $2.3m in reserve funds (cash and investments). The charity’s reserves can cover 118%, or one year and two months of its annual program costs.
In 2022, Seeds of Hope changed its auditor from Grant Thorton LLP to A. Stephen Pomeroy Ltd.
This charity report is an update that has been sent to Seeds of Hope, Children’s Ministry. Changes and edits may be forthcoming.
Updated on August 2, 2024 by Liam Chapleau.
Financial Review
Fiscal year ending December
|
2022 | 2021 | 2020 |
---|---|---|---|
Administrative costs as % of revenues | 15.1% | 25.0% | 21.5% |
Fundraising costs as % of donations | 2.1% | 1.9% | 1.9% |
Total overhead spending | 17.2% | 26.8% | 23.4% |
Program cost coverage (%) | 118.2% | 108.2% | 119.4% |
Summary Financial StatementsAll figures in $s |
2022 | 2021 | 2020 |
---|---|---|---|
Donations | 2,144,785 | 1,960,892 | 1,980,876 |
International donations | 334,249 | 233,306 | 341,868 |
Goods in kind | 10,707 | 8,493 | 3,011 |
Government funding | 537,441 | 0 | 0 |
Business activities (net) | (507) | 8,045 | 1,943 |
Investment income | (560) | 12,736 | (7,248) |
Total revenues | 3,026,115 | 2,223,472 | 2,320,450 |
Program costs - International | 1,927,483 | 1,558,202 | 1,344,301 |
Donated goods exp | 14,244 | 8,267 | 3,402 |
Administrative costs | 457,405 | 552,328 | 499,771 |
Fundraising costs | 45,383 | 36,190 | 37,406 |
Total spending | 2,444,515 | 2,154,987 | 1,884,880 |
Cash flow from operations | 581,600 | 68,485 | 435,570 |
Capital spending | 0 | 0 | 0 |
Funding reserves | 2,277,933 | 1,686,328 | 1,605,628 |
Note: USE OF T3010: Ci used the charity’s T3010 filing with the CRA to report international donations and government funding. These amounts were removed from Canadian donations. Ci also used the T3010 to report administrative and fundraising costs. BUSINESS ACTIVITIES, NET: Ci removed product costs from business activities, affecting revenue and expenses by ($7k) in 2022, ($4k) in 2021, and ($14k) in 2020. DEFERRED REVENUE: Ci accounted for deferred revenue, affecting Canadian donations by ($39k) in 2022, $213k in 2021, and $213k in 2020. CHANGE IN INVENTORY: Since the charity has inventory on its balance sheet, Ci could not assume a flow-through of donated goods. Ci adjusted for donated goods used in programs by the change in inventory, year-over-year. This affected expenses by $4k in 2022, ($226) in 2021, and $391 in 2020. DONATED GOODS: Ci reported donated goods in kind and removed the amount from Canadian donations. Ci also removed the amount of donated goods within programs from international program costs.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
1 |
$40k - $80k |
2 |
< $40k |
1 |
Information from most recent CRA Charities Directorate filings for F2022
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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: 604-870-4810