Quebec Breast Cancer Foundation

279 Sherbrooke Street West, Office 305
Montreal, QC H2X 1Y1
President & CEO: Karine Ippersiel
Board Chair: Vanessa Coiteux

Charitable Reg. #:14068 4325 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

[Charity Rating: 3/5]

✔+

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.

30%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 30 cents are available for programs.



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OVERVIEW

About Quebec Breast Cancer Foundation:

Quebec Breast Cancer Foundation is a 3-star charity. It has a B Results Reporting grade, which is average. For every dollar donated to the charity, 30 cents are available to go to the cause, which is well outside Ci's reasonable range.

Founded in 1994, Quebec Breast Cancer Foundation (QBCF) operates out of Montreal and aims to improve the lives of people in Quebec affected by breast cancer. In Quebec, 8,045 women were diagnosed with breast cancer and 1,383 women died from the disease in 2021. To help those directly and indirectly affected by breast cancer, QBCF invests in three mission areas: research, support, and education and awareness.

QBCF spent $3.9m on its programs and grants in F2024. At the time of this review, the charity’s most recent annual report was from F2023.

Support received 54% ($2.1m) of program and grant costs in F2024. QBCF provides financial, peer, psychosocial, and medical support to those affected by breast cancer. In F2023, the charity provided 133 psychosocial support interventions. The charity held 288 yoga classes for 174 people. Across its program, QBCF supported 393 people. The charity received 541 applications for support in F2023. In F2023, QBCF opened the PINK line, a free confidential helpline staffed by peer helpers. The charity states that over 1,000 people benefitted from the support line.

Research received 33% ($1.3m) of program and grant costs in F2024. QBCF funds research to help find a cure for breast cancer. In F2023, the charity funded around 30 research projects, of which two are linked to the development of new therapies. The charity also helps fund Perspective, an international research project. Perspective, active in 120 countries, develops a polygenetic risk score for cancer patients. QBCF’s goal is to develop a reference framework to implement a risk-based approach to breast cancer screening. Since its founding, QBCF has funded 255,750 medical research hours and 70 research projects.

Education and Awareness received 13% ($501k) of program and grant costs in F2024. QBCF educates Quebec about breast cancer and ways for women to get screened. The charity states that the Quebec universal breast cancer screening program has a participation rate of 60%. In F2023, the charity launched a Quebec regional tour, where it visited over ten regions across Quebec. QBCF organized over 313 community initiatives across Quebec in F2023.

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Results and Impact

Quebec Breast Cancer Foundation reports that its PINK line reduced the anxiety of its callers by 40%, on average.

While Ci highlights these key results, they may not be a complete representation of Quebec Breast Cancer Foundation’s results and impact.

This charity is not yet rated on impact.

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Finances

Quebec Breast Cancer Foundation received $5.0m in donations and special events revenue in F2024. The charity spent $3.9m on its programs and grants, which is 72% of revenue. QBCF recorded a deficit of $2.0m and spent $3.8m on capital expenditures.

Administrative costs are 21% of revenue (excluding investment income). Fundraising costs are 49% of donations. For every dollar donated to the charity, 30 cents are available to go to the cause, which is outside Ci’s reasonable range. Ci’s reasonable range is between 65 and 95 cents.

Quebec Breast Cancer Foundation has $9.7m in reserve funds (cash and investments). The charity’s reserves can cover 249% or two years and six months of its annual program and grant costs.

This charity profile is an update that has been sent to Quebec Breast Cancer Foundation for review. Changes and edits may be forthcoming.

Updated on August 21, 2024 by Liam Chapleau.

Financial Review


Financial Ratios

Fiscal year ending March
202420232022
Administrative costs as % of revenues 20.6%15.8%14.8%
Fundraising costs as % of donations 49.2%27.4%34.1%
Total overhead spending 69.8%43.2%48.9%
Program cost coverage (%) 249.0%471.0%372.3%

Summary Financial Statements

All figures in $000s
202420232022
Donations 2,3073,5172,577
Special events 2,6802,0931,939
Investment income 381355994
Total revenues 5,3685,9655,510
Program costs 2,5921,8561,463
Grants 1,2901,4542,533
Administrative costs 1,026885670
Fundraising costs 2,4551,5371,539
Total spending 7,3635,7326,205
Cash flow from operations (1,995)233(695)
Capital spending 3,7901694
Funding reserves 9,66615,58814,879

Note: DEFERRED DONATIONS: Ci included deferred donations, which affected revenue by $48k in F2024, $10k in F2023, and $30k in F2022. INVESTMENT MANAGEMENT FEES: Ci included investment management fees within investment income. This affected revenue and expenses by ($95k) in F2024, ($106k) in F2023, and ($104k) in F2022. AMORTIZATION: Ci removed amortization from administrative and fundraising costs according to the schedules in the charity’s audited financial statements. This affected expenses by ($59k) in F2024, ($59k) in F2023, and ($91k) in F2021.  

Salary Information

Full-time staff: 24

Avg. compensation: $55,269

Top 10 staff salary range:

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
1
$120k - $160k
0
$80k - $120k
3
$40k - $80k
6
< $40k
0

Information from most recent CRA Charities Directorate filings for F2023

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Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

Website: www.rubanrose.org
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 514-871-1717

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Charitable Registration Number: 80340 7956 RR0001