“Our aim in this is to show that our conduct in dealing with these substantial sums is above reproach; for we take pains to do what is right not only in the sight of God but also in the sight of other people.”
2 Corinthians 8:20–21 CJB
Power to Change Ministries received an ‘A’ rating in both Charity and Fundraising Efficiency from MoneySense in their 2018 Charity 100 Guide. This was due to our 8% spending on fundraising and our administration costs being under 3%. Moneysense has not ranked religious charities since 2018. However, both fundraising and overhead as a percentage of revenue are even lower in 2019.
2019 Financials
The following information is taken from our audited financial statements, which are available here.
Revenue
| Contributions (90.9%) | $36,848,867 | |
| Conference Registrations (4.5%) | $1,817,192 | |
| Sales of Literature and Materials (0.8%) | $337,064 | |
| Grants* (1.5%) | $600,168 | |
| Other (1.9%) | $786,318 | |
| Gift in Kind Contributions (0.3%) | $123,779 | |
| Investment Income (<0.1%) | $16,128 | |
| Total Revenue: $40,529,518 | ||
| *Consolidated funds including the Global Aid Network (GAiN), the humanitarian partner of P2C. |
Expenses
| Ministry Programs (88.5%) | $35,884,810 | |
| Fundraising (7.2%) | $2,924,596 | |
| Administration (2.6%) | $1,062,940 | |
| Amortization (1.4%) | $556,330 | |
| Interest on long-term debt (0.3%) | $120,693 | |
| Total Expenses:$40,549,369 | ||
| Excess of revenue over expenses: $-19,853 |
As a member of Canadian Council of Christian Charities we adhere to their Standards of Integrity and Accountability.