Multiple Sclerosis Society of Canada
Toronto, ON M5T 2Z5
President & CEO: Yves Savoie
Board Chair: Valerie Hussey
Charitable Reg. #: 10774 6174 RR0001
Grade: BThe grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Full-time staff #310
Avg. Compensation $58,592
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||3|
|$160k - $200k||3|
|$120k - $160k||3|
|$80k - $120k||0|
|$40k - $80k||0|
About Multiple Sclerosis Society of Canada:
Founded in 1948, Multiple Sclerosis Society of Canada (MS Society of Canada) aims to “be a leader in finding a cure for multiple sclerosis and enable people affected by MS to enhance their quality of life.” MS Society of Canada reports that Canada has the highest incidence of MS in the world, estimating that 100,000 Canadians suffer from the disease. MS can affect vision, hearing, memory, balance and mobility. To date, there is no known cure.
Multiple Sclerosis Society of Canada offers supports and services to people with multiple sclerosis and their families. These services include information and referrals, counseling, self-help groups, recreational programs and financial assistance.
Multiple Sclerosis Society of Canada also fund MS research, with 39% of its grants directed to progression and therapies, 26% directed to nerve damage and repair, 21% directed to cause and risk factors, and 14% directed to symptom management and quality of life. In F2015, MS Society of Canada had 51 active research grants in 21 research institutes, including 19 new research grants. In F2015, studies funded by the MS Society of Canada discovered new targets for protecting against nerve damage and disability. Further, it identified new targets for preventing the invasion of harmful immune cells into the brain. Finally, it revealed how MS and physical activity are related in children. In F2015, it also funded 18 postdoctoral fellows, 35 doctoral and master’s students, and 46 students in its education and training programs.
Multiple Sclerosis Society of Canada also engages in advocacy at all levels of government. In F2015, 15,000 messages were sent to federal election candidates through the TeamFight hashtag on social media.
Multiple Sclerosis Society of Canada is a Major 100 charity, with donations and special events revenues of $51.8m in F2015. A large portion of its revenues are generated through community-based fundraising events, dinners, tournaments and third party events. Its special events fundraising are 50% of revenues, at $27.8m in F2015. The charity’s administrative costs are 8% of revenues and its fundraising costs are 43% of donations. For every $1 donated to the charity, 50 cents is put towards its programs, falling outside of Ci’s reasonable range. MS Society of Canada’s research grants make up only 15% of its total program spending. The charity’s funding reserves of $17.7m include $574k in donor-endowed funds. This results in a program cost coverage ratio, excluding donor-endowed funds, of 62%. This means that it can fund 7.4 months of its annual programs using its existing reserves.
This charity report is an update that is being reviewed by Multiple Sclerosis Society of Canada. Changes and edits may be forthcoming.
Updated on June 15, 2016 by Lynn Tay.
Financial RatiosFiscal year ending December
|Administrative costs as % of revenues||7.6%||6.4%||7.6%|
|Fundraising costs as % of donations||42.7%||42.3%||43.2%|
|Program cost coverage (%)||63.9%||68.9%||67.9%|
Summary Financial StatementsAll figures in $000s
|Fees for service||34||57||73|
|Business activities (net)||122||116||117|
|Cash flow from operations||1,186||747||(1,062)|