2018 Financials
The following information is taken from our audited financial statements, which are available upon request.
Revenue
| Contributions (88.8%) | $35,533,600 | |
| Conference Registrations (5.2%) | $2,078,146 | |
| Sales of Literature and Materials (0.8%) | $311,613 | |
| Grants* (2.5%) | $982,709 | |
| Other (2.6%) | $1,021,788 | |
| Gift in Kind Contributions (0.2%) | $86,865 | |
| Investment Income (<0.1%) | $2,890 | |
| Total Revenue: $40,017,611 | ||
| *Consolidated funds including the Global Aid Network (GAiN), the humanitarian partner of P2C. |
Expenses
| Ministry Programs (87.2%) | $34,538,978 | |
| Fundraising (8.2%) | $3,260,889 | |
| Administration (2.8%) | $1,115,751 | |
| Amortization (1.4%) | $538,869 | |
| Interest on long-term debt (0.4%) | $142,398 | |
| Total Expenses:$39,596,885 | ||
| Excess of revenue over expenses: $420,726 |
Power to Change Ministries received an ‘A’ rating in Fundraising Efficiency from MoneySense in their 2017 Charity Grades due to our 8% spending on fundraising. In an effort to commit as much of donor funds as possible to ministry programs, we keep our administration costs under 3%.
As a member of Canadian Council of Christian Charities we adhere to their Standards of Integrity and Accountability.