United Way Halifax
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.
77%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 77 cents are available for programs.
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OVERVIEW
About United Way Halifax:
United Way Halifax is a 4-star charity with a below-average results reporting grade. The charity has reasonable overhead spending and is financially transparent. With its current reserves, the charity can cover under two years of annual program costs.
Founded in 1925, United Way Halifax (UWH) raises funds to address poverty in the Halifax region. UWH focuses on poverty solutions, affordable housing, and homelessness. The charity reports that 33% of Atlantic Canadians say that rising costs are affecting their ability to meet basic needs.
As of July 1, 2024 United Way Halifax merged with United Way Central New Brunswick, United Way of Colchester County, United Way of Lunenburg County, United Way of Pictou County, United Way PEI, and United Way Saint John, Kings & Charlotte to create United Way Maritimes. This organization will serve Central and Southwestern New Brunswick, Prince Edward Island and Mainland Nova Scotia. There are two other independently run United Ways in the region: United Way Centraide Greater Moncton & Southeastern NB and United Way Cape Breton.
The report below is from before the merger and only refers to United Way Halifax. At the time of this update, the charity’s F2024 Annual Report was not out, therefore the F2023 Annual Report was used.
In F2023, UWH spent $3.8m into the community. This included $1.8m in in-house program costs, $1.4m in grants to other charities and $558k in donor-designated grants. Program costs include funds that UWH provides for partnership facilitation, research, and public engagement on issues involving equity, housing and poverty. In F2023, the charity directly supported 35 programs, helping 16,569 people. Of these programs, 82% focused on food insecurity.
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Results and Impact
In F2023, United Way Halifax's funded programs helped 6,539 people create new social connections.
While Ci highlights these key results, they may not be a complete representation of United Way Halifax's results and impact. This charity is not yet rated for impact (n/r).
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Finances
United Way Halifax received donations of $6.0m in F2024. The charity also received $4.1m in government funding (21% of total revenues). Administrative costs are 2% of total revenues (excluding investment income) and fundraising costs are 21% of total donations. This means United Way Halifax spends 23% on overhead. For every dollar donated, 77 cents are available for programs. This is within Ci’s reasonable range for overhead spending.
In F2024, United Way Halifax spent $5.4m on its grants (28% of total revenues excluding donor-designated grants) and $2.8m on its programs (14%). The charity had $9.7m in surplus which is 48% of total revenues. The surplus is due to a $9.4m contribution which is restricted for housing projects in the Halifax Regional Municipality and the rural areas around it
United Way Halifax has $14.8m in reserve funds (up 206% from F2023). These are the charity’s cash and investments. The charity could cover around one year and ten months of annual program and grant costs with current reserves.
This charity report is an update that has been sent to United Way Halifax for review. Changes and edits may be forthcoming.
Updated on August 12, 2024 by Alessandra Castino
Financial Review
Fiscal year ending March
|
2024 | 2023 | 2022 |
|---|---|---|---|
| Administrative costs as % of revenues | 2.1% | 7.7% | 6.7% |
| Fundraising costs as % of donations | 20.5% | 25.0% | 20.6% |
| Total overhead spending | 22.6% | 32.6% | 27.2% |
| Program cost coverage (%) | 180.8% | 151.4% | 216.6% |
Summary Financial StatementsAll figures in $000s |
2024 | 2023 | 2022 |
|---|---|---|---|
| Donations | 5,990 | 4,741 | 5,192 |
| Government funding | 4,144 | 0 | 410 |
| Investment income | 138 | 135 | 123 |
| Other income | 9,644 | 242 | 268 |
| Total revenues | 19,916 | 5,118 | 5,993 |
| Program costs | 2,795 | 1,833 | 993 |
| Grants | 5,389 | 1,366 | 1,400 |
| Donor-designated donations | 438 | 559 | 1,082 |
| Administrative costs | 410 | 382 | 393 |
| Fundraising costs | 1,230 | 1,183 | 1,067 |
| Total spending | 10,262 | 5,322 | 4,935 |
| Cash flow from operations | 9,654 | (205) | 1,057 |
| Capital spending | 15 | 19 | 0 |
| Funding reserves | 14,798 | 4,843 | 5,185 |
Note: DEFERRED DONATIONS: Ci adjusted for deferred donations, affecting total revenues by $230k in F2024, ($105k) in F2023, and $1.1m in F2022. DEFERRED CAPITAL CONTRIBUTIONS: Ci adjusted for received capital contributions, affecting other revenues by $9.4m in F2024. It was included in other revenue because the audited financial statements do not separate government vs non-government capital contributions. ACTIVITY-BASED COSTING: Ci used the charity's T3010 filing with the CRA to report its admin cost as a separate line item and removed the amount from program costs.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
1 |
$120k - $160k |
2 |
$80k - $120k |
6 |
$40k - $80k |
1 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2024
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Comments & Contact
Comments added by the Charity:
Charity Contact
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