Leucan is a 3-star charity with a below average results reporting grade and overhead spending costs outside Ci's reasonable range. It is financially transparent, and with current reserves the charity can cover a year and three months of annual program costs.

Founded in 1978, Leucan supports children with cancer and their families in Quebec. The charity's head office is in Montreal, and it has nine regional offices across Quebec. Leucan reports that in Quebec, one child is diagnosed with cancer nearly every day. It also states that 70% of children who survive cancer will develop further medical problems. Of those problems, 30% will be severe. The charity runs three programs: Family Services, Research, and Financial Assistance. Leucan reports it spent $6.2m on its programs and grants in F2023.

The Family Services program received 58% of program spending. The charity offers many services including emotional support, massage therapy, recreational activities, school programs, and summer camp. In F2023 Leucan funded 22 projects made by teenagers with cancer to improve their self-esteem. The charity also released a children’s book that discusses childhood cancer.

The Research program received 22% of program spending. Leucan invests in childhood cancer research in Quebec. The charity granted $1.4m to research in F2023.

The Financial Assistance program received 20% of program spending. Leucan financially supports families of children diagnosed with cancer. Leucan awarded $1.2m to families in F2023. Leucan also provided scholarships to four cancer survivors.

In F2023 Leucan received $12.9m in cash donations. Administrative costs are 12% of revenues (excluding investment income). Fundraising costs are 41% of donations. This results in total overhead spending of 53%. For every dollar donated, 47 cents go to the cause. This falls outside Ci’s reasonable range for overhead spending. Leucan has been outside Ci’s reasonable range in all 12 years of Ci analysis.

In F2023 Leucan spent $6.2m on its programs and grants, which is 47% of its revenue. In F2023 it had a surplus of $94k.

Leucan has $8.0m in reserve funds. This can cover 128%, or one year and three months of its annual program spending. Leucan has total investments of $5.6m. 72% is in bonds, 27% in equities, and 1% in money market funds. In F2023, the annual return on investment for Leucan was 1%. Its four-year annual return on investment is 3%.

Leucan reported to Charity Intelligence it raises funds using direct mail. However, it does not report paying external fundraisers on its T3010.

Leucan materially restated its financial statements and changed auditors in F2023.

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

Updated on June 24, 2024, by Grady Simpson.