Alzheimer Society of BC
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.
67%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 67 cents are available for programs.
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OVERVIEW
About Alzheimer Society of BC:
Alzheimer Society of B.C. is a 4-star charity. It has an A- results reporting grade, which is above average. Its overhead spending is within Ci’s reasonable range, and it has reserve funds to cover two years and ten months of its annual program costs.
Founded in 1981, Alzheimer Society of B.C. (the Society) aims to support people affected by dementia and fund research into the disease. The Society reports that there are 85,000 British Columbians living with dementia. This is expected to increase to over 133,000 by 2030. Alzheimer Society of B.C. has three main programs: First Link Dementia and Support Services, Advocacy and Awareness, and Research. The charity is a member of a federation of Alzheimer Societies across Canada that work together to alleviate the personal and social consequences of Alzheimer's disease.
In the fiscal year ending March 2023 (F2023), the charity reports that 65% of program spending went towards First Link Dementia and Support Services. First Link is a helpline for anyone affected by dementia. In F2023, it received 5,126 contacts (phone calls and emails). First Link had 3,515 unique callers in F2023, a seven percent increase from F2022. The Society also offers other support programs. In F2023, 1,953 people participated in in-person programs. 2,246 participated in virtual programs. The Society offered support groups in person and virtually. In F2023, 596 people participated in in-person support groups, and 500 participated in virtual support groups. The Society ran a total of 790 support group sessions. It also offered 11 Coffee & Chat sessions to 16 in-person and 11 virtual participants. The Society runs a social and fitness program called Minds in Motion. In F2023, 466 people participated in Minds in Motion online and 119 participated virtually.
In F2023, 28% of program spending went towards Advocacy and Awareness. In F2023, The Society received 3,077 new referrals from 601 health care providers. This is a 17% increase in the number of referrals and an 11% increase in the number of health care providers from F2022. The Society held two webinars focused on Medical Assistance in Dying. In Collaboration with Vancouver Community College, it provided dementia education in three supportive education care programs. 75 students and staff in the continuing care sector participated in these programs.
In F2023, 7% of program spending went towards Research. Two B.C. researchers received funding from the Society in F2023. The Society launched its “Research Connects” webinar series in F2023. The series aims to connect researchers and knowledge producers with the community.
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Results and Impact
Alzheimer Society of B.C. reports that when reflecting on their experiences across the Society’s combined programming:
82% of respondents reported increased knowledge of dementia.
83% of respondents reported an increase in confidence to be able to apply what they learned from the service to their daily life.
Amongst people who took part in a support group or Minds in Motion:
More than 89% reported feeling improved peer connectedness and/or reduced isolation as a result of their participation.
Among participants in the Society’s dementia education program for health care providers within the continuing care sector:
100% expressed increased confidence in supporting people living with dementia.
After completing the program, nearly 80% of participants reported that their knowledge of people living with dementia and the disease increased.
While Ci highlights these key outcomes, they may not be a complete representation of Alzheimer Society of B.C.’s results and impact.
This charity is not yet rated on impact (n/r).
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Finances
In F2023, Alzheimer Society of B.C. received $11.2m in donations and special events revenue. It also received $382k in government funding (3% of total revenue) in F2023. Administrative costs are 13% of total revenue (excluding investment income) and fundraising costs are 21% of donations. Overhead spending is 33%, which is within Ci’s reasonable range. For every dollar donated, 67 cents are available for the cause. In F2023, the Society spent $7.9m on its programs and grants (65% of total revenue).
In F2023, the Society had a surplus of $451k and spent $53k on capital expenditures.
At the end of F2023, the Society had $23.3m in reserve funds (cash and investments). $925k of these funds are donor endowed. Excluding donor-endowed funds, the Society has enough reserve funds to cover 285% or two years and ten months of its annual program costs.
This profile is an update that has been sent to Alzheimer Society of B.C. for review. Changes and edits may be forthcoming.
Updated on August 6th, 2024.
Financial Review
Fiscal year ending March
|
2023 | 2022 | 2021 |
|---|---|---|---|
| Administrative costs as % of revenues | 12.5% | 18.6% | 7.8% |
| Fundraising costs as % of donations | 20.5% | 20.5% | 19.3% |
| Total overhead spending | 33.0% | 39.0% | 27.2% |
| Program cost coverage (%) | 276.5% | 346.4% | 402.5% |
Summary Financial StatementsAll figures in $000s |
2023 | 2022 | 2021 |
|---|---|---|---|
| Donations | 8,839 | 7,324 | 7,328 |
| Government funding | 382 | 1,304 | 13,289 |
| Special events | 2,396 | 1,919 | 1,824 |
| Investment income | 471 | 170 | 209 |
| Other income | 2 | 1 | (15) |
| Total revenues | 12,090 | 10,719 | 22,634 |
| Program costs | 7,738 | 5,871 | 5,107 |
| Grants | 394 | 852 | 813 |
| Administrative costs | 1,453 | 1,959 | 1,759 |
| Fundraising costs | 2,300 | 1,891 | 1,767 |
| Total spending | 11,884 | 10,573 | 9,446 |
| Cash flow from operations | 205 | 147 | 13,188 |
| Capital spending | 53 | 48 | 26 |
| Funding reserves | 23,278 | 24,113 | 24,551 |
Note: ADMINISTRATIVE AND FUNDRAISING COSTS: Ci was unable to determine administrative and fundraising costs from the charity's audited financial statements. Special events and marketing and communications expenses reported on the audited financial statements are split between program and fundraising costs, as the charity uses special events and marketing and communications to raise community awareness about Alzheimer's. Ci used the charity's T3010 filing with the CRA to determine administrative and fundraising costs. CANADIAN EMERGENCY WAGE SUBSIDY: Ci included the Canadian Emergency Wage Subsidy in government funding, affecting total revenue by $nil in F2023, $919k in F2022, and $2.1m in F2021. DEFERRED REVENUE: Ci adjusted for deferred donations, government funding, and other revenue. This affected total revenue by ($2.4m) in F2023, ($2.6m) in F2022, and $7.9m in F2021. DIRECT MAIL EXPENSES: Ci adjusted for direct mail expenses reported gross of national revenue, affecting total revenue by $703k in F2023, $605k in F2022, and $490k in F2021. GRANTS: Ci used the charity's T3010 filing with the CRA to determine grants. PROVINCIAL OPERATIONS: Ci included provincial operations of $121k in F2023, $135k in F2022, and $125k in F2021 in administrative costs and backed them out of program spending.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
3 |
$120k - $160k |
7 |
$80k - $120k |
0 |
$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: 604-681-6530