A Dollar A Day Foundation
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
FINANCIAL TRANSPARENCY
Audited financial statements for current and previous years available on the charity’s website.
B-
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.
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 A Dollar A Day Foundation:
Dollar a Day Foundation is a 3-star charity. It has a B- Results Reporting grade, which is below average. Its overhead spending is within Ci’s reasonable range. The charity’s reserves can cover program costs for just under 3 months, which is within Ci’s reasonable range.
Founded in 2016, Dollar a Day Foundation (DADF) grants funds to charities focusing on mental health and addiction across Canada. The charity reports that the economic burden of mental illness in Canada is $51 billion each year. DADF granted $1.1m to charities and spent $109k on programs in 2024.
DADF granted funds to 68 charities in 2024. The charity describes the work of a handful of its grantees, but it does not provide output data other than for the Mental Health Engagement and Response Team (MHEART) program, and No Time for That. MHEART, in Woodstock Ontario, aims to decrease emergency room visits by helping citizens at the time of their call. The charity made over 400 referrals to community services since it began in 2018. Since its beginning in 2015, No Time for That has given over 600 presentations to school children across Canada about bullying prevention and mental health awareness.
The charity's program costs goes towards vetting, monitoring, and evaluating its grantees.
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Results and Impact
DADF granted funds to MHEART, which reduced emergency room visits by 75 since it began in 2018. While Ci highlights this result, it may not completely reflect DADF’s results and impact.
Dollar a Day Foundation is not yet rated on impact (n/r). This does not affect the star rating.
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Finances
Dollar a Day Foundation’s audited financial statements follow activity-based costing, a best practice. The charity received $1.4m in donations in 2024, which is 99% of revenue. It received $17k in investment income.
DADF spent $109k on its programs and granted $1.1m to charities. The total of $1.2m is 88% of revenue. The charity ran a deficit of $68k, meaning it drew on its reserves to fund its programs. It spent $122k on fundraising (9% of donations), and spent $115k on administration, which is 8% of revenue. For every dollar donated to the charity, 83 cents are available to go to the cause. This is within Ci’s reasonable range.
DADF has $292k in its reserves (cash and investments). These funds can cover program costs for just under three months, which is within Ci’s reasonable range.
Updated on July 17, 2025 by Joshua Leduc. This update has been sent to the charity and changes may be forthcoming.
Financial Review
Fiscal year ending December
|
2024 | 2023 | 2022 |
|---|---|---|---|
| Administrative costs as % of revenues | 8.2% | 14.2% | 6.7% |
| Fundraising costs as % of donations | 8.8% | 7.6% | 8.5% |
| Total overhead spending | 17.0% | 21.8% | 15.2% |
| Program cost coverage (%) | 23.6% | 30.5% | 41.6% |
Summary Financial StatementsAll figures in $s |
2024 | 2023 | 2022 |
|---|---|---|---|
| Donations | 1,390,793 | 1,151,358 | 2,074,334 |
| Investment income | 17,382 | 19,031 | 0 |
| Total revenues | 1,408,175 | 1,170,389 | 2,074,334 |
| Program costs | 109,455 | 57,261 | 153,632 |
| Grants | 1,130,512 | 1,136,040 | 1,520,500 |
| Administrative costs | 114,655 | 163,203 | 139,556 |
| Fundraising costs | 121,688 | 87,707 | 175,305 |
| Total spending | 1,476,310 | 1,444,211 | 1,988,993 |
| Cash flow from operations | (68,135) | (273,822) | 85,341 |
| Capital spending | 1,315 | 2,215 | 0 |
| Funding reserves | 292,090 | 364,303 | 695,604 |
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
1 |
$40k - $80k |
0 |
< $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
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 709-765-1551