Kidney Foundation of 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.
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.
51%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 51 cents are available for programs.
My anchor
OVERVIEW
About Kidney Foundation of Canada:
Kidney Foundation of Canada is a 3-star charity with an average results reporting grade. It is one of Canada's largest charities, with funding reserves of $31.4 million that can cover 296% of annual program costs. Its overhead costs are 49% meaning that for every dollar donated, 51 cents go to the cause. This is outside Ci's reasonable range for overhead spending.
Founded in 1964, Kidney Foundation of Canada works to eliminate the burden of kidney disease for patients and their families. The charity's programs focus on funding research, serving patients, increasing public awareness of kidney disease, and advocating for better healthcare. The Foundation reports that one in ten Canadians has kidney disease and 3,200 people are waiting for a kidney transplant with a median wait time of three years and nine months. The Foundation has three programs: patient services, public education, and research.
The Foundation's patient services program offers patients information and referrals, educational materials, short-term financial assistance, and peer support groups. In F2021, the charity distributed 345 kits for youth to participate in virtual summer camp. The Foundation created the Active Living for Life program to increase physical activity in individuals with chronic kidney disease. 45-minute sessions were offered twice a week for ten weeks and consisted of warm up, strength training, balance training and cool down. The charity also provided $528k in short-term financial assistance to over 4,100 people and enabled over 1,900 people to access peer-to-peer support through Kidney Connect.
The Foundation's public education program provides education materials to people with kidney disease, hospital dialysis units and to the general public. As a part of this program, the Foundation gave out 42,579 patient handbooks and 27,145 educational brochures. The charity held 106 virtual Kidney Walks which attracted 2,700 participants. In F2021, the charity also held its first virtual forum, which consisted of a three-day online conference with 14 sessions.
The Foundation’s research granting program funds research across Canada related to kidney disease. In F2021, the Foundation distributed 95 grants to 30 research institutes, supporting 437 researchers. 25 grants went to KRESCENT Awards, 55 to Kidney Health Research Grants and 9 to Allied Health Kidney Awards. The KRESCENT program is focused on recruiting and training future leaders in kidney research, and Allied Health Awards encourage students to pursue master’s level education in nephrology (kidney specialization).
My anchor
Results and Impact
In F2021, the KRESCENT program reports that since 2005, 86% of program graduates have remained in kidney research. The charity also reports that 70% of program graduates have successfully obtained national level research funding and 57% of post-doctoral fellows have obtained an academic position.
While Ci highlights these key results, they may not be a complete representation of Kidney Foundation of Canada’s results and impact.
My anchor
Finances
With donations of $26.9m in F2021, Kidney Foundation of Canada is a Major 100, meaning it is one of Canada’s 100 largest charities in terms of donations. Administrative costs are 13% of revenues (excluding investment income) and fundraising costs are 36% of donations. This means overhead costs are 49%. For every dollar donated to the charity, 51 cents go to the cause. This is outside of Ci’s reasonable range for overhead spending.
The Foundation has funding reserves of $31.4m, of which $5.1m is donor-endowed. Excluding endowments, the charity’s reserves can cover 296% of annual program costs or roughly two years and eleven months.
This charity report has been sent to Kidney Foundation of Canada. Comments and edits may be forthcoming.
Updated on June 17, 2022 by Angelina Curwin.
Financial Review
Fiscal year ending December
|
2021 | 2020 | 2019 |
---|---|---|---|
Administrative costs as % of revenues | 13.2% | 12.1% | 13.3% |
Fundraising costs as % of donations | 35.9% | 42.5% | 46.7% |
Total overhead spending | 49.0% | 54.6% | 59.9% |
Program cost coverage (%) | 253.6% | 216.5% | 145.9% |
Summary Financial StatementsAll figures in $000s |
2021 | 2020 | 2019 |
---|---|---|---|
Donations | 26,905 | 20,529 | 25,514 |
Government funding | 0 | 2,995 | 1,107 |
Investment income | 1,762 | 97 | 1,774 |
Total revenues | 28,667 | 23,622 | 28,395 |
Program costs | 10,615 | 9,409 | 12,013 |
Administrative costs | 3,541 | 2,843 | 3,527 |
Fundraising costs | 9,644 | 8,720 | 11,902 |
Total spending | 23,800 | 20,972 | 27,441 |
Cash flow from operations | 4,867 | 2,650 | 954 |
Capital spending | 79 | 95 | 108 |
Funding reserves | 31,415 | 24,659 | 21,955 |
Note: Ci presented donations gross of fundraising costs, increasing both revenues and expenses by $9.1m in F2021, $8.3m in F2020 and $11.0m in F2019. Ci recognized investment income not allocated to operations and investment income re-invested in endowment capital, affecting revenues by $496k in F2021, $410 in F2020, and $766k in F2019. Ci recognized endowment contributions in donations, increasing revenues by $340k in F2021, $17k in F2020 and $31k in F2019. Ci gathered government funding figures from the charity's T3010 filing with the CRA and backed the amounts out of program costs. At the time of Ci's report, the charity's most recent F2021 T3010 filing was not available. Ci backed out amortization of capital assets from program, administrative and fundraising costs on a pro-rata basis.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
2 |
$160k - $200k |
2 |
$120k - $160k |
6 |
$80k - $120k |
0 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2020
My anchor
Comments & Contact
Comments added by the Charity:
The Kidney Foundation of Canada is committed to being transparent and accountable to the generous donors who support our mission of eliminating the burden of kidney disease.
Here are just a few examples of the positive impact The Kidney Foundation has had on the lives of people affected by kidney disease last year thanks to the support of our donors:
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 1-800-361-7494