Osteoporosis 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.
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.
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 Osteoporosis Canada:
Osteoporosis Canada is a 3-star rated charity with an average results reporting score. It is financially transparent and has overhead costs outside Ci’s reasonable range. With its current reserves the charity can cover almost one year of annual program costs
Founded in 1982, Osteoporosis Canada (OC) is the only national organization serving people who have, or are at risk for, osteoporosis. It supports Canadians living with osteoporosis through education, advocacy, and investing in research. Osteoporosis is a disease characterized by low bone mass and deterioration of bone tissue, leading to an increased risk of fractures. OC reports that over 2.3 million Canadians are affected by osteoporosis. At least one in three women and one in five men will break a bone due to osteoporosis in their lifetime.
Osteoporosis Canada offers access to free publications, educational programs, and referrals to community resources. OC also works with healthcare professionals to develop practice guidelines and standards for physicians to use in their clinical practice. It works towards its mission with the Ministry of Health and Long-Term Care, Ontario Women’s Health Council, and health care and research professionals. The charity does not provide a spending breakdown by program.
OC works to educate Canadians about the risks, incidence, and prevention of osteoporosis. The tools available on its website include its Calcium Calculator Tool and Risk Too, which are offered both in English and in French. In F2023, the charity reported 55,219 completions of the Calcium Calculator Tool and 10,039 completions of the Risk Tool. OC also hosted 135 programs, 94 support group sessions, and 21 webinars in F2023. In F2023 the charity published the 2023 Clinical Practice Guideline to help healthcare providers with the diagnosis and management of osteoporosis.
Osteoporosis Canada also focuses on raising awareness for osteoporosis. In F2023, OC reported 387,781 English web users and 93,235 French web users. The charity published 302 total posts on social media, including 18 new videos. It also released 29 blog posts and 18 podcasts. It sent 139 mass emails in F2023.
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Results and Impact
In F2023, Osteoporosis Canada’s social media had 1.1 million impressions. Its mass emails had 288,884 engagements. The charity reports 1.2 million page visits to its website in English and 204,942 visits in French for the year. In F2023, OC’s new blog posts had 60,893 viewers and its podcasts had 44,040 listens.
While Ci highlights these key results, they may not be a complete representation of Osteoporosis Canada’s results and impact. This charity is not yet rated on impact (n/r).
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Finances
Osteoporosis Canada received $1.7m in donations in F2023. It also received $4.0m in government funding, representing 66% of total revenues.
Administrative costs are 16% of total revenues (less investment income) and fundraising costs are 41% of total donations. This results in total overhead spending of 57%. For every dollar donated to the charity, 43 cents are available for programs. This falls outside of Ci’s reasonable range for overhead spending, as it has done since 2012.
In F2023 the charity spent $4.5m on its programs, which is 74% of total revenues. The charity had a deficit of $95k.
OC has reserve funds of $4.3m. These are the charity’s cash and investments. The charity can cover just under one year of annual program costs with its current reserves.
This charity report is an update that has been sent to Osteoporosis Canada for review. Changes and edits may be forthcoming.
Updated July 22, 2024 by Alessandra Castino.
Financial Review
Fiscal year ending March
|
2023 | 2022 | 2021 |
---|---|---|---|
Administrative costs as % of revenues | 15.7% | 16.5% | 15.6% |
Fundraising costs as % of donations | 41.0% | 43.4% | 38.1% |
Total overhead spending | 56.7% | 59.9% | 53.7% |
Program cost coverage (%) | 96.2% | 108.4% | 106.2% |
Summary Financial StatementsAll figures in $000s |
2023 | 2022 | 2021 |
---|---|---|---|
Donations | 1,687 | 1,784 | 1,765 |
Government funding | 3,965 | 3,934 | 4,045 |
Investment income | (20) | 161 | 677 |
Other income | 359 | (119) | 32 |
Total revenues | 5,991 | 5,761 | 6,520 |
Program costs | 4,451 | 4,144 | 4,261 |
Administrative costs | 944 | 924 | 909 |
Fundraising costs | 691 | 775 | 673 |
Total spending | 6,086 | 5,843 | 5,843 |
Cash flow from operations | (95) | (83) | 677 |
Capital spending | 15 | 12 | 17 |
Funding reserves | 4,283 | 4,490 | 4,527 |
Note: INVESTMENT INCOME: Unrealized losses on investments were included in investment income and removed from expenses, affecting revenues and expenses by ($256k) in F2023, ($61k) in F2022, and $nil in F2021. DEFERRED REVENUE: Ci adjusted for deferred revenue, affecting other revenues by $328k in F2023, ($143k) in F2022, and ($13k) in F2021. Deferred revenues were included in other revenue because the audited financial statements do not separate government from non-government deferred revenue. AMORTIZATION: Amortization was removed from program, administrative, and fundraising costs on a pro-rata basis.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
1 |
$160k - $200k |
0 |
$120k - $160k |
2 |
$80k - $120k |
7 |
$40k - $80k |
0 |
< $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
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 416-696-2663