Prostate Cancer Canada
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.
A-
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.
43%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 43 cents are available for programs.
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OVERVIEW
About Prostate Cancer Canada:
In February 2020, Prostate Cancer Canada amalgamated with Canadian Cancer Society. This charity profile will no longer be updated.
Founded in 1994, Prostate Cancer Canada (PCC) funds research projects looking to improve diagnostic tests and develop improved treatments for prostate cancer. PCC also provides support services to improve the lives of patients and survivors of the disease. Prostate cancer is the most common cancer in Canadian men, accounting for approximately 21% of all new cancer cases in men. One in seven Canadian men will have the disease at some point in their life. PCC’s mission is to eliminate prostate cancer.
Prostate Cancer Canada spent $15.4m on research in F2017, including 5.7m deferred from F2016. Research makes up 89% of PCC’s program costs and grants. PCC provides grants to fund projects that look into one of six major categories of prostate cancer research: biology of the disease; causes of the disease; prevention of the disease; early detection, diagnosis, and prognosis of the disease; treatment for patients; and control and survivorship. PCC provided 47 new grants to propel prostate cancer research in F2017, bringing the total number of PCC-funded researchers to 125.
Prostate Cancer Canada has an established partnership with the Movember Foundation. PCC receives funds raised by Movember and determines research groups and projects deserving of grants and awards. In 2017, Movember provided PCC with $6.2m for granting purposes toward 87 new and continuing research projects.
As a part of its support services programming, PCC introduced the True NTH program in 2015. The program is designed to help prostate cancer patients get better access to information and services to improve their quality of life. Funding for the program comes from the Movember Foundation. True NTH connects patients with physicians, experts, survivors, caregivers, and key leaders in the field of prostate cancer research and treatment. It provides services related to lifestyle management, decision support aid, palliative care and peer-to-peer support.
Prostate Cancer Canada spent 6% of program costs on publication and awareness and 5% on support groups and survivorship. In F2017, PCC provided support and responded to questions on prostate cancer through 503 emails and calls, up 21% from F2016. PCC mailed over 56,400 resources on prostate cancer to individuals, clinicians, cancer centers, and support groups across Canada.
Results and Impact: In 2017, 67 scientific papers were published by research groups funded by PCC grant money, compared to 118 in 2016 and 80 in 2015. PCC collaborated with mdBriefCase to create courses for doctors on prostate cancer, including active surveillance, which is a practice where prostate cancer patients monitor their disease and take treatment when necessary instead of immediately going into treatment upon diagnosis. A post-course survey indicated that 98% of enrollees felt prepared to identify patients who were appropriate to undergo active surveillance.
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Finances
Prostate Cancer Canada is a Large-sized charity with $13.0m in donations and special events revenue in F2017. Administrative costs are 9% of revenues and fundraising costs are 48% of donations. For every dollar donated, 43 cents go to the cause, which exceeds Ci’s reasonable range for overhead spending. Funds received from Movember Canada were not included when calculating the charity’s fundraising cost ratio.
Prostate Cancer Canada has funding reserves of $15.0m of which $9.5m are endowed by Movember Canada. Excluding endowed funds, current funding reserves cover over 4 months of program costs, showing a need for funding. In addition, Prostate Cancer Canada has committed to grant $13.8m in the next year and has additional long-term grant commitments for future years of $15.6m.
This charity report is an update that has been sent to Prostate Cancer Canada for review. Changes and edits may be forthcoming.
Updated on June 25, 2018 by Joeyanne Cheung.
Financial Review
Fiscal year ending March
|
2017 | 2016 | 2015 |
---|---|---|---|
Administrative costs as % of revenues | 8.7% | 7.6% | 6.8% |
Fundraising costs as % of donations | 48.0% | 38.4% | 43.0% |
Program cost coverage (%) | 32.6% | 47.0% | 70.4% |
Summary Financial StatementsAll figures in $000s |
2017 | 2016 | 2015 |
---|---|---|---|
Donations | 10,061 | 12,049 | 14,761 |
Lotteries (net) | 301 | 256 | 313 |
Special events | 2,900 | 3,660 | 3,644 |
Investment income | 170 | 321 | 477 |
Total revenues | 13,432 | 16,286 | 19,195 |
Program costs | 1,905 | 1,623 | 3,408 |
Grants | 15,438 | 17,564 | 19,020 |
Administrative costs | 1,156 | 1,211 | 1,275 |
Fundraising costs | 3,227 | 3,301 | 3,311 |
Cash flow from operations | (8,294) | (7,413) | (7,819) |
Funding reserves | 14,966 | 20,456 | 27,428 |
Note: Ci reported lotteries revenue net of direct lottery expenses. Grants expenses are based on research and survivorship grants and awards paid during the year as reported in the notes of the audited financial statements. Amortization has been allocated to program, administrative and fundraising costs based on % of total expenses.
Salary Information
$350k + |
1 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
1 |
$160k - $200k |
1 |
$120k - $160k |
1 |
$80k - $120k |
6 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2017
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Comments & Contact
Comments added by the Charity:
Charity Contact
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