{'fraction_non_alphanumeric': 0.023084025854108958, 'fraction_numerical': 0.006463527239150508, 'mean_word_length': 5.4523809523809526, 'pattern_counts': {'":': 0, '<': 0, '<?xml version=': 0, '>': 0, 'https://': 0, 'lorem ipsum': 0, 'www.': 0, 'xml': 0}, 'pii_count': 0, 'substrings_counts': 0, 'word_list_counts': {'cursed_substrings.json': 0, 'profanity_word_list.json': 0, 'sexual_word_list.json': 0, 'zh_pornsignals.json': 0}}
Doing Too Much? Financial Vulnerability of Canadian Registered Charities

Registered Charities (RCs) play an important role in Canadian society through the provision of social goods and services. We study whether “mission drift” leads to an increase in RCs’ financial vulnerability. We find that mission drift is associated with deterioration in the RC’s performance and an increase in financial vulnerability. We build upon the theoretical predictions of other studies of the potential impact of mission drift, by empirically testing it using a sample of approximately 80,000 Canadian RCs over a 10 year period. We suggest two mission drift may be conceived in two dimensions: an increased number of service activities (NumProgs), and service concentration (ProgCon), the emphasis of resources devoted to individual services. We find that RCs become more financially vulnerable as they undertake more activities. However, the impact of service concentration on financial vulnerability is unclear. Results are robust to other factors that could affect financial vulnerability of RCs.