Rethink Breast Cancer
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.
76%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 76 cents are available for programs.
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OVERVIEW
About Rethink Breast Cancer:
Founded in 2001, Rethink Breast Cancer (RBC) empowers young people who are concerned or affected by breast cancer. The charity states that 1 in 8 Canadian women are expected to be diagnosed with breast cancer in their lifetime.. The charity also states while the majority of those diagnosed are over 50 years of age, breast cancer can and does occur in younger people. RBC primarily engages in support, education, advocacy and research. The charity reports on its T3010 that it spent $698k on its programs in F2023.
Rethink Breast Cancer connects people with breast cancer to others who understand what they are going through. The Rethink Network is a private online space for people with breast cancer to get peer support. In F2023 261 new members joined the Rethink Network. RBC also has virtual support groups with trained social workers or psychotherapists. In F2023 RBC states it held more than 20 sessions. RBC also states it sent over 100 care packages globally to 22 countries.
Rethink Breast Cancer provides breast cancer information resources and educates the public about breast cancer. Uncovered is a resource focused on the breast cancer experience of People of Colour. In F2023 Uncovered contained 187 articles and stories and reached 53.3 million people. RBC’s instagram reached 868k people with 1.9m impressions.
Rethink Breast Cancer advocates for issues that matter to those with breast cancer. In F2023 RBC provided 6 profile submissions to the Canadian Agency for Drugs and Technologies in Health. RBC shared the profiles so decision-makers would understand how cancer drugs impact real people. RBCs Bitterest Pill Campaign advocates for those who need to take home cancer drugs for the first time. In F2023 RBC states it sent almost 300,000 advocacy emails.
Rethink Breast Cancer funds breast cancer research. In 2021 RBC partnered with Pfizer Canada to create a joint research grant program. The charity reports in 2023 together they granted over $200k to 3 recipients. But, RBC reports no research grant spending on its AFS or T3010.
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Results and Impact
RBC advocated for resolving inequities faced by cancer patients who need take-home drugs for the first time. RBC states all political parties committed to resolving the inequities during the 2022 Ontario election based on its advocacy effort.
RBC states 70% of women with breast cancer are recommended for hormone therapy for up to 10 years following active treatment. This hormone therapy interferes with the ability to become pregnant. Rethink assisted with recruitment and helped fund the Canadian arm of the The Baby Time (Positive) study. This study found that temporarily stopping hormone therapy to try to become pregnant didn’t result in higher rates of cancer recurrence.
While Ci highlights these key results, they may not be a complete representation of Rethink Breast Cancer’s results and impact.
The charity is not yet rated on impact (n/r).
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Finances
In F2023 Rethink Breast Cancer received $941k in cash donations and special events fundraising. Administrative costs are 4% of revenues (excluding investment income). Fundraising costs are 16% of donations. This results in total overhead spending of 24%. For every dollar donated, 76 cents go to the cause. This falls within Ci’s reasonable range for overhead spending.
In F2023 RBC spent $698k on its programs, which is 73% of its revenue. In F2023 it had a surplus of $25k.
Rethink Breast Cancer has $699k in reserve funds. This can cover 100%, or one year of its annual program spending.
This charity report is an update that has been sent for review to Rethink Breast Cancer. Changes and edits may be forthcoming.
Updated on June 28, 2024, by Grady Simpson.
Financial Review
Fiscal year ending March
|
2023 | 2022 | 2021 |
|---|---|---|---|
| Administrative costs as % of revenues | 15.6% | 17.1% | 14.0% |
| Fundraising costs as % of donations | 8.7% | 11.3% | 26.4% |
| Total overhead spending | 24.2% | 28.4% | 40.4% |
| Program cost coverage (%) | 100.1% | 118.6% | 60.7% |
Summary Financial StatementsAll figures in $s |
2023 | 2022 | 2021 |
|---|---|---|---|
| Donations | 833,321 | 871,083 | 856,792 |
| Government funding | 0 | 74,660 | 302,007 |
| Business activities (net) | 6,791 | 25,887 | 0 |
| Special events | 107,193 | 100,079 | 236,011 |
| Investment income | 1,113 | 114 | 135 |
| Other income | 4,711 | 8,793 | 0 |
| Total revenues | 953,129 | 1,080,616 | 1,394,945 |
| Program costs | 698,404 | 582,017 | 702,590 |
| Administrative costs | 148,164 | 184,401 | 195,810 |
| Fundraising costs | 81,497 | 109,673 | 288,062 |
| Total spending | 928,065 | 876,091 | 1,186,462 |
| Cash flow from operations | 25,064 | 204,525 | 208,483 |
| Capital spending | 8,566 | 48 | 5,961 |
| Funding reserves | 698,874 | 690,231 | 426,507 |
Note: DEFERRED ADJUSTMENT: Rethink Breast Cancer uses deferred accounting. To show donors information on a consistent basis, Ci adjusted for these deferred revenues. This affected revenues by ($122k) in F2023, ($28k) in F2022, and $138k in F2021. GOVERNMENT REVENUE: Ci reported government emergency wage subsidy increasing revenue by $75k in F2022 and $302k in F2021. INTEREST AND INVESTMENT INCOME: Ci reported investment and interest income increasing revenue by $1k in F2023, $114 in F2022 and $135 in F2021. T3010: Ci reported expenses using the charities T3010.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
1 |
$80k - $120k |
2 |
$40k - $80k |
1 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2023
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Comments & Contact
Comments added by the Charity:
Charity Contact
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