Movember Canada is a 3-star charity with reasonable overhead spending and an average results reporting grade. The charity has large funding reserves of $73.1m that can cover over five years of annual programing.

Founded in 2011, Movember Canada (MVC) is the Canadian arm of the Movember Foundation (MVF). MVC focuses on addressing health inequalities for men. The charity states that one in eight men in Canada will be diagnosed with prostate cancer. In relation to testicular cancer, it is the most common cancer in young Canadian men. It states that 75% of suicides in Canada are by men. 

Movember Canada runs its annual Movember campaign each November. Men show support by growing a mustache to raise awareness of men's health issues. Globally, MVF has funded more than 1,250 men’s health projects since its founding in 2003. Charity Intelligence calculates that the charity spent $12.8m on its programs and grants in F2023. MVC does not disclose a breakdown for this program spending.

The charity runs three programs: Prostate Cancer, Testicular Cancer, and Mental Health and Suicide Prevention.

The Prostate Cancer program and Testicular Cancer program work with researchers for diagnosis, treatment, and support of these cancers. The charity states this is not just about a cure - this is about quality of life. There have been 27 prostate cancer projects involving Canada since 2003. One testicular cancer project has involved Canada since 2003. In 2020 MVF launched the world’s largest network of prostate cancer patients. Its goal is to include data on 250,000 men five years after launch.

The Mental Health and Suicide Prevention program aims to help men establish better social connections. Along with improving overall men’s mental health, this can reduce the risk of suicide. MVC looks at mental health through a male lens. There have been 27 mental health and suicide prevention projects involving Canada since 2003.

In F2023 Movember Canada received $24.3m in cash donations. Administrative costs are 4% of revenues (excluding investment income). Fundraising costs are 15% of donations. This results in total overhead spending of 19%. For every dollar donated, 81 cents go to the cause. This falls within Ci’s reasonable range for overhead spending.

In F2023 Movember Canada spent $12.8m on its programs and grants, which is 50% of its revenue. In F2023 it had a surplus of $8.5m.

Movember Canada has $73.2m in reserve funds. This can cover 574%, or 5.7 years of its annual program spending. MVC has total investments of $73.2m. 60% is in cash and cash equivalents, 36% in short term deposits, and 4% in long term deposits. In F2023, the annual return on investment for MVC was 2%. Its four-year annual return on investment is 2%.

In F2023, Movember Canada paid external fundraisers $125k who collected $640k in donations. This means it cost MVC 20 cents to raise $1 using external fundraisers.

From our financial review in May 2024, we highlight Financial Notes 4 and 6 in Movember's audited financial statements. These notes are about Movember Canada's related party transactions:

• Movember Canada paid Movember Australia $5.2m in F2023, $5.6m in F2022, and $4.6m in F2021. These payments are 20%, 22%, and 18% of Movember Canada's total donations, respectively. These payments are for services provided to Movember Canada by Movember Australia.
• Movember Canada has the same directors as Movember Australia.
• Movember Canada allocates these payments to Australia's headquarters. It does so as program costs, fundraising costs, and administrative costs. Charity Intelligence's analysis has presented these payments as reported.
• Movember Canada is part of the global Movember network along with other national chapters. These national chapters are all governed by the same directors as Movember Australia. Movember Canada pays and receives money from these other Movember charities. Financial Note 4 does not disclose the total amount of payments between the Movember charities. It does disclose that, at year-end of F2023, Movember Canada owed $76k to Movember Europe, $3k to Movember Mainland Europe, and $321 to Movember New Zealand. Movember Canada is owed $434k by Movember Australia, $7k by Movember USA, and $96 by Movember Germany.

This charity report is an update that has been sent for review to Movember Canada. Changes and edits may be forthcoming. 

Updated on May 30, 2024, by Grady Simpson.