This Report presents an analysis of the financial impact of the global COVID health pandemic on the Canadian Charitable Sector between 2019 and 2021.
The analysis reflects data on 47,778 Charities that filed financial reports to the Canada Revenue Agency for their financial period ended in 2019 and 2020, and 21,210 Charities which had filed for their financial period ended 2021. Excluded from the analysis are Charities directly involved in the provision of Education and those with a Religious purpose.
We compare 2019 financial results with 2020 and 2021 results to unveil the changes in principle Balance Sheet and Income Statement items of the Charities. We present results for all Charities and for all Charities excluding the dominant Core Healthcare category.
We then break down the analysis by different year-end periods to examine the changes as the COVID crisis lengthened—Charities with a later calendar year-end will have experienced a prolonged exposure to the crisis. We also present the analysis for Small Charities (those with Total Revenues of less than $1 million) to see if there is a different impact on them.