Pancreatic 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.
33%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 33 cents are available for programs.
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OVERVIEW
About Pancreatic Cancer Canada:
Pancreatic Cancer Canada is a 3-star charity that is financially transparent. It has an A- results reporting grade, which is above average. Its overhead spending is outside Ci's reasonable range.
Founded in 2006, Pancreatic Cancer Canada Foundation (PCC) funds programs to raise the survival rate of pancreatic cancer. The charity states the five-year survival rate is 10% for those who have pancreatic cancer. 70% of patients do not survive past their first year. The charity reports it spent $964k on its programs and grants in F2023. PCC does not provide a program spending breakdown.
PCC funds research into detection and treatment of pancreatic cancer. PCC is currently invested in four research projects. The Prosper-PANC project studies whole genome sequences (WGS) of pancreatic cancer cells. The study will determine if WGS can allow for earlier detection of pancreatic cancer. In F2023, 42 new patients participated in the project, along with three health centers.
PCC also offers programs to support those with pancreatic cancer and their families. The charity states that pancreatic cancer can often lead to feelings of isolation and uncertainty. Its Peer Support and Counseling program provides support to those affected by pancreatic cancer. In F2023 there were 252 Peer Support visits and 260 counseling sessions. The Ask an Expert employs medical specialists who answer questions about pancreatic cancer at no cost. In F2023 there were 121 Ask an Expert questions. PCC also educates the public about pancreatic cancer to raise public awareness.
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Results and Impact
In 2020 PCC funded the COMPASS Trial which led to the discovery of five subtypes of pancreatic cancer. This study makes it possible for patients to get targeted treatments based on their subtype. In 2022 PASS-01 studied how each subtype responds to chemotherapy and other treatments. It found that 5% of pancreatic cancer patients have a mutation that indicates a more positive chance of recovery.
In F2023 100% of those involved in the Peer Support and Counseling program reported they felt heard and understood.
PCC advocates for awareness of cancer risk and presumptive coverage for the fire fighting community. The charity states firefighters are 14% more likely to die from pancreatic cancer than the general population. In 2023 Ontario, Alberta, and Saskatchewan added pancreatic cancer to their list of presumptive cancers. This gives firefighters faster access to compensation and other benefits, supporting their recovery.
The Canadian federal government passed Bill C-224 in 2023. This bill establishes a national framework for the prevention and treatment of cancers linked to firefighting.
While Ci highlights these key results, they may not be a complete representation of Pancreatic Cancer Canada’s results and impact.
The charity is not yet rated on impact (n/r).
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Finances
In F2023 Pancreatic Cancer Canada received $2.1m in cash donations and special events fundraising. Administrative costs are 24% of revenues (excluding investment income). Fundraising costs are 43% of donations. This results in total overhead spending of 67%. For every dollar donated, 33 cents go to the cause. This falls outside Ci’s reasonable range for overhead spending. PCC has been outside Ci’s reasonable range in each of the past 8 years.
In F2023 PCC spent $964k on its programs and grants, which is 35% of its revenue. In F2023 it had a deficit of $216k.
Pancreatic Cancer Canada has $1.3m in reserve funds. This can cover 135%, or 1.4 years of its annual program spending.
Pancreatic Cancer Canada materially restated its financial statements in F2023.
This charity report is an update that has been sent for review to Pancreatic Cancer Canada. Changes and edits may be forthcoming.
Updated on June 19, 2024, by Grady Simpson.
Financial Review
Fiscal year ending December
|
2023 | 2022 | 2021 |
|---|---|---|---|
| Administrative costs as % of revenues | 24.3% | 17.9% | 31.7% |
| Fundraising costs as % of donations | 42.8% | 24.4% | 36.7% |
| Total overhead spending | 67.1% | 42.3% | 68.4% |
| Program cost coverage (%) | 134.7% | 142.0% | 148.2% |
Summary Financial StatementsAll figures in $s |
2023 | 2022 | 2021 |
|---|---|---|---|
| Donations | 1,370,924 | 2,291,362 | 1,207,475 |
| Government funding | 0 | 9,520 | 191,617 |
| Special events | 772,999 | 747,251 | 519,121 |
| Investment income | 42,892 | 12,954 | 1,120 |
| Total revenues | 2,186,815 | 3,061,087 | 1,919,333 |
| Program costs | 775,586 | 556,445 | 177,632 |
| Grants | 188,500 | 655,998 | 606,429 |
| Administrative costs | 521,466 | 546,075 | 608,384 |
| Fundraising costs | 917,232 | 742,471 | 632,912 |
| Total spending | 2,402,784 | 2,500,989 | 2,025,357 |
| Cash flow from operations | (215,969) | 560,098 | (106,024) |
| Capital spending | 2,517 | 8,404 | 2,813 |
| Funding reserves | 1,298,171 | 1,722,066 | 1,161,702 |
Note: DEFERRED ADJUSTMENT: Pancreatic Cancer Canada uses deferred accounting. To show donors information on a consistent basis, Ci adjusted for these deferred revenues. This affected revenues by ($1k) in F2022, and ($9k) in F2021. T3010: The F2023 T3010 data was not available at the time of this update.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
1 |
$160k - $200k |
0 |
$120k - $160k |
2 |
$80k - $120k |
1 |
$40k - $80k |
6 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2022
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Comments & Contact
Comments added by the Charity:
Charity Contact
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