Alzheimer Society of 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.
C
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.
55%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 55 cents are available for programs.
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OVERVIEW
About Alzheimer Society of Canada:
Alzheimer Society of Canada is a 3-star charity. It has a C results reporting grade, which is below average. Its overhead spending is outside Ci’s reasonable range, and it has reserve funds to cover its annual program costs for one year and seven months.
Founded in 1987, Alzheimer Society of Canada (the Society) supports people living with dementia, their caregivers, and their families. The Society also funds research to help understand Alzheimer’s and other dementias. Dementia is caused when brain cells become damaged and eventually die. This leads to memory loss, changes in mood, and difficulty thinking. Alzheimer’s disease is the most common form of dementia. The Society’s vision is a world without Alzheimer’s and other dementias. Alzheimer Society of Canada has two programs: Services and Research. The following content is based on the Society’s annual report for the year ending March 2023 (F2023). At the time of this update, the annual report for F2024 is not yet available on the charity’s website.
In F2023, Alzheimer Society of Canada spent $19.9m (81% of program spending) on Services. Its First Link program provides information and education to people living with dementia. First Link offers toll-free numbers people can call in different regions of Canada. First Link staff then connect callers to different services. These include one-on-one or group support and healthcare providers. First Link also provides callers with connections to other people in similar circumstances. Another service is advocacy. The Society listens to the lived experiences of individuals with Alzheimer’s and other dementias and their families and caregivers. It then speaks to governments, healthcare organizations, and the media to help alleviate the personal and social consequences of dementia.
In F2023, Alzheimer Society of Canada spent $4.6m (19% of program spending) on Research. In F2023, the Alzheimer Society Research Program (ASRP) funded 44 researchers. It awarded $6.0m in grants. This nearly doubled F2022 research grant funding. The ASRP has two main goals. It encourages researchers to explore new ways to advance knowledge of dementia. It also aims to improve the quality of life for people with dementia, their families, and their caregivers. Since ASRP started in 1989, it has invested over $78 million in research grants and awards.
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Results and Impact
Charity Intelligence could not find any quantified outcomes for Alzheimer Society of Canada on its website. This may not be a complete representation of the Society’s results and impact.
This charity is not yet rated on impact (n/r).
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Finances
In the fiscal year ending March 2024 (F2024), Alzheimer Society of Canada received $18.4m in donations. It also received $1.2m in government funding (3% of total revenue). The Society received $13.9m in contributions from partner charities (40% of total revenue). Ci has recorded this as other revenue. Administrative costs are 9% of total revenue (excluding investment income) and fundraising costs are 37% of donations. Overhead spending is 45%, which is outside Ci’s reasonable range. For every dollar donated, 55 cents are available for the cause. In F2024, the Society spent $25.8m on its programs and grants (74% of total revenue).
In F2024, Alzheimer Society of Canada had a deficit of $744k and spent $6k on capital expenditures.
At the end of F2024, Alzheimer Society of Canada has $16.5m in reserve funds. $1.1m of these funds are donor endowed. Excluding donor-endowed funds, the Society has enough reserve funds to cover 157% or one year and seven months of its annual program costs.
This charity profile is an update that was sent to Alzheimer Society of Canada for review. Changes and edits may be forthcoming.
Updated on July 23, 2024 by Thea Clark.
Financial Review
Fiscal year ending March
|
2024 | 2023 | 2022 |
---|---|---|---|
Administrative costs as % of revenues | 8.7% | 4.3% | 3.6% |
Fundraising costs as % of donations | 36.7% | 34.8% | 26.3% |
Total overhead spending | 45.4% | 39.1% | 29.9% |
Program cost coverage (%) | 156.8% | 214.3% | 239.8% |
Summary Financial StatementsAll figures in $000s |
2024 | 2023 | 2022 |
---|---|---|---|
Donations | 18,375 | 19,990 | 22,928 |
Government funding | 1,181 | 658 | 449 |
Investment income | 1,253 | 4 | 457 |
Other income | 13,861 | 11,485 | 11,619 |
Total revenues | 34,670 | 32,137 | 35,453 |
Program costs | 4,540 | 3,680 | 2,887 |
Grants | 5,356 | 3,566 | 3,691 |
Donor-designated donations | 15,875 | 16,811 | 21,294 |
Administrative costs | 2,904 | 1,379 | 1,257 |
Fundraising costs | 6,739 | 6,965 | 6,040 |
Total spending | 35,414 | 32,401 | 35,169 |
Cash flow from operations | (744) | (264) | 285 |
Capital spending | 6 | 19 | 25 |
Funding reserves | 16,514 | 16,456 | 16,728 |
Note: AMORTIZATION: Ci removed amortization from program, administrative, and fundraising costs on a pro-rata basis. DEFERRED CONTRIBUTIONS: Ci adjusted for deferred contributions in donations, affecting total revenue by ($1.3m) in F2024, ($337k) in F2023, and $922k in F2022. ENDOWMENT CONTRIBUTIONS: Ci included endowment contributions in donations, affecting total revenue by $nil in F2024, $2k in F2023, and $10k in F2022. CONTRIBUTIONS FROM PARTNER CHARITIES: Ci included contributions from provincial partner charities in other revenue and adjusted the amounts by accounts receivable from partners. This affected total revenue by $290k in F2024, ($97k) in F2023, and ($511k) in F2022. RESEARCH GRANTS: Ci included research funding in grants and adjusted for changes in grants payable. This affected total expenses by ($1.7m) in F2024, ($1.0m) in F2023, and ($148k) in F2022. GRANTS FOR PARTNER CHARITIES: Ci included grants designated for partner charities as donor-designated grants and adjusted by changes in amounts payable to partners. This affected total expenses by $420k in F2024, $604k in F2023, and $44k in F2022. UNREALIZED (LOSS) GAIN ON INVESTMENT: Ci included unrealized (loss) gain on investment in investment income. This affected total revenue by $424k in F2024, ($545k) in F2023, and ($43k) in F2022.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
1 |
$160k - $200k |
2 |
$120k - $160k |
0 |
$80k - $120k |
5 |
$40k - $80k |
2 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2023
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Comments & Contact
Comments added by the Charity:
Charity Contact
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