Arthritis Research 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.
79%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 79 cents are available for programs.
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OVERVIEW
About Arthritis Research Canada:
Arthritis Research Canada is a 4-star rated charity with best practice in financial transparency and above average accountability to donors as seen in the A results reporting grade. The charity can fund 3.3 years of annual program costs with current reserves.
Founded in 2000, Arthritis Research Canada’s (ARC) mission is to “transform the lives of people living with arthritis through research and engagement.” Its vision is “a future where research-based services, tools and knowledge empower people living with arthritis to triumph over pain and disability.” The term arthritis is used to describe the more than 100 conditions that affect joints, the tissues which surround joints, and other connective tissues. The charity reports that arthritis affects over 6 million Canadians. ARC also notes that only 2% of research dollars spent in Canada are devoted to arthritis.
Arthritis Research Canada has facilities in British Columbia, Alberta and Quebec. Its multi-disciplinary research team of medical doctors, research scientists, and trainees studies the causes of arthritis and addresses issues that impact people living with arthritis, including arthritis prevention, diagnosis, prognosis and quality of life. Arthritis Research Canada partners with universities, hospitals, funding agencies, arthritis treatment centres, The Arthritis Society and provincial governments to conduct its research. In F2021, ARC funded over 100 research studies in collaboration with 4 research centres and 5 major universities. This includes projects on programs that allow arthritis patients to remain employed, programs that prevent osteoarthritis after sports, preventing complications in arthritis patients and determining the safety of covid-19 vaccines in arthritis patients.
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Results and Impact
In F2021, ARC-funded projects resulted in 304 research publications and 154 abstracts in scientific journals.
In F2021, ARC purchased and moved into a new facility. The charity states that this new location is in the heart of British Colombia's medical and research centres. The facility is in close proximity to affiliated institutions and features a clinic space for patients.
While Ci highlights these key results, they may not be a complete representation of ARC's results and impact.
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Finances
In F2021, Arthritis Research Canada reported $2.5m in donations and special events fundraising revenues. Donations include $1.7m in research grants that ARC holds for its researchers. Administrative costs are 5% of revenues (excluding investment income) and fundraising costs are 16% of donations and special events fundraising. For every dollar donated to the charity, 79 cents go towards its programs, which is within Ci’s reasonable range for overhead spending.
The charity has funding reserves of $16.6m. This results in a high program cost coverage ratio of 325%. This means that the charity can fund 3.3 years of its annual program costs using its existing reserves.
This charity report is an update that was sent to Arthritis Research Canada for review. Changes and edits may be forthcoming.
Updated on July 6, 2022 by Angelina Curwin.
Financial Review
Fiscal year ending March
|
2021 | 2020 | 2019 |
|---|---|---|---|
| Administrative costs as % of revenues | 4.8% | 4.0% | 5.7% |
| Fundraising costs as % of donations | 16.3% | 14.6% | 12.4% |
| Total overhead spending | 21.0% | 18.6% | 18.2% |
| Program cost coverage (%) | 325.3% | 466.3% | 508.9% |
Summary Financial StatementsAll figures in $000s |
2021 | 2020 | 2019 |
|---|---|---|---|
| Donations | 2,392 | 3,069 | 3,454 |
| Government funding | 1,441 | 1,338 | 667 |
| Special events | 118 | 182 | 208 |
| Investment income | 3,587 | (932) | 188 |
| Other income | 3 | 6 | (1) |
| Total revenues | 7,541 | 3,663 | 4,516 |
| Program costs | 2,971 | 3,344 | 2,951 |
| Administrative costs | 188 | 185 | 248 |
| Fundraising costs | 409 | 474 | 455 |
| Other costs | 73 | 65 | 49 |
| Total spending | 3,640 | 4,068 | 3,702 |
| Cash flow from operations | 3,901 | (405) | 813 |
| Capital spending | 2,349 | 0 | 10 |
| Funding reserves | 9,665 | 15,591 | 15,016 |
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
1 |
$120k - $160k |
1 |
$80k - $120k |
3 |
$40k - $80k |
5 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2021
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Comments & Contact
Comments added by the Charity:
At Arthritis Research Canada we have seen firsthand the tremendous impact that arthritis research can have in transforming the lives of people living with arthritis. While we have made significant progress in the treatments available for arthritis, there is still so much that we can do to lessen the pain and disability of this disease and help people live well with arthritis. We are immensely grateful to our donors whose generous support allows vital arthritis research and important discoveries to continue.
July 13, 2022
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 604-207-0400