Canadian Breast Cancer Foundation
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.
B+
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.
47%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 47 cents are available for programs.
My anchor
OVERVIEW
About Canadian Breast Cancer Foundation:
Founded in 1986, Canadian Breast Cancer Foundation (CBCF) is a national funder of breast cancer research in Canada. In the past 20 years, CBCF has invested over $360m in breast cancer research. It also funds awareness and advocacy programs on breast cancer, the most commonly diagnosed cancer in women. 1 in 4 women are diagnosed with this disease. CBCF’s goals are to reduce the number of people diagnosed with breast cancer and to improve the quality of life of those affected.
NEWS: On October 28, 2016 CBCF announced it would be merging with Canadian Cancer Society. The President and CEO of CBCF, Lynne Hudson, is the new President and CEO of Canadian Cancer Society effective immediately. For more information about this merger, please read Charity Intelligence's article.
Canadian Breast Cancer Foundation’s main fundraising event is Run for the Cure, where 104,000 people participated last year. The event contributed 71% of CBCF’s total revenues. It also has a regional funding campaign, through which CBCF allocated $7.5m to 24 research projects. The funded initiatives include research on early detection, new methods of treatment and prevention. In 2013, the Canadian Breast Cancer Foundation held its Pink Tour where volunteers visited 90 communities across Canada to raise awareness of breast cancer. This year, CBCF held 33 workshops to promote healthier lifestyles to reduce the risk of developing breast cancer.
CBCF reports that its breast cancer research has contributed to the decreasing mortality rates and climbing survival rates of breast cancer victims. Since 1990s, mortality rates went down by 44% and survival rates increased by 88%.
My anchor
Finances
Canadian Breast Cancer Foundation is one of Canada’s Major 100 charities as it received donations and special event revenue of $35.7m in F2016. The Run for The Cure event raised $26m alone. CBCF’s administrative costs are 8% of total revenues and its fundraising costs are 30% of donations. Total overhead costs come to 38%, which is in the upper end of Ci’s reasonable range. CBCF has funding reserves of $53.3m. Its total funding reserves can cover programs costs 1.8 times.
Donors, please note - CBCF's average salary information looks incorrect. This data is taken straight from CBCF's annual filings. In F2016 full time staff was reduced to 118 from 155 in F2015. The total cost of full time staff for F2016 may be divided by the end of year staff. As such, the $111,275 figure is significantly overstated. In F2015 CBCF reported average salary of $84,681 per full-time staff. Charity Intelligence does not factor staff salaries and benefits in its ratings or analysis.
This charity report is an update that is being reviewed by Canadian Breast Cancer Foundation. Changes and edits may be forthcoming.
Updated on June 1st, 2016 by Mirza Ali Shakir.
Financial Review
Fiscal year ending March
|
2016 | 2015 | 2014 |
|---|---|---|---|
| Administrative costs as % of revenues | 15.9% | 13.1% | 13.0% |
| Fundraising costs as % of donations | 37.1% | 35.4% | 36.4% |
| Program cost coverage (%) | 212.3% | 214.1% | 213.2% |
Summary Financial StatementsAll figures in $000s |
2016 | 2015 | 2014 |
|---|---|---|---|
| Donations | 9,266 | 9,641 | 10,769 |
| Government funding | 49 | 612 | 505 |
| Special events | 26,392 | 29,092 | 30,597 |
| Investment income | 183 | 1,317 | 2,785 |
| Other income | 233 | 335 | 323 |
| Total revenues | 36,124 | 40,997 | 44,979 |
| Program costs | 7,957 | 7,457 | 7,829 |
| Grants | 13,949 | 17,456 | 19,312 |
| Administrative costs | 5,711 | 5,178 | 5,475 |
| Fundraising costs | 13,216 | 13,712 | 15,050 |
| Cash flow from operations | (4,710) | (2,806) | (2,687) |
| Funding reserves | 46,517 | 53,349 | 57,865 |
Note: Ci includes all realized gains (losses) in its investment income calculations, thereby raising revenues by ($1.9m) in F2015, ($0.6m) in F2014 and nil in F2013. Ci also allocated CBCF's amortization to administrative expenses; to give donors a operating cash review, this reduces CBCF's reported administrative expenses by $878k in F2016, $766k in F2015, $833k in F2014.
Salary Information
$350k + |
1 |
$300k - $350k |
0 |
$250k - $300k |
1 |
$200k - $250k |
1 |
$160k - $200k |
2 |
$120k - $160k |
5 |
$80k - $120k |
0 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2016
My anchor
Comments & Contact
Comments added by the Charity:
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it.