Alzheimer Society 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.
C+
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.
70%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 70 cents are available for programs.
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OVERVIEW
About Alzheimer Society of Canada:
Alzheimer Society of Canada is a 3-star charity. It is financially transparent and has overhead spending within Ci's reasonable range but a below-average results reporting grade.
Founded in 1978, Alzheimer Society of Canada (ALZH) funds research and provides support services for people living with dementia and Alzheimer’s disease. Dementia refers to a series of chronic nervous system diseases that impair memory, thought processes and speech. Alzheimer’s disease is the most common form of dementia. Alzheimer Society of Canada states that more than 500,000 Canadians are living with dementia and around 25,000 new cases are diagnosed each year. The charity’s national branch is based in Toronto and coordinates ten provincial societies across Canada. The provincial charities work together towards the common goal of a world without dementia.
Alzheimer Society of Canada runs two main programs: Research and Services.
Services – 86% of total program spending: ALZH offers various resources and services to people with dementia. The charity provided resources for patients and caregivers in preventing and living with dementia. It also supports patients through its toll-free line – a free resource that provides reliable dementia information, answers questions, and connects people to the community-based services best suited for their needs.
Research – 14% of total program spending: The Alzheimer Society Research Program (ASRP) is one of the charity’s main focuses. Through this program, ALZH funds research projects seeking treatments and possible cures for dementia. Many researchers also aim to improve the quality of life for those affected by dementia. In F2022, the ASRP funded 25 research projects. This included six projects on causes of dementia, one on developing treatments, six on diagnosis and detection, four on improving patient care, four on epidemiology, one on risk and prevention, two on translational, and one on therapy methods.
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Results and Impact
Ci could not find any publicly available quantifiable outcomes for ALZH.
Charity Intelligence has not yet assessed the impact of ALZH. This shows as n/r, meaning not rated.
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Finances
In F2022, Alzheimer Society of Canada received $22.9m in donations. The charity also received $11.6m from provincial partner charities (included in Other income below), representing 33% of revenues. Administrative costs are 4% of revenues (less investment income), and fundraising costs are 26% of donations. This results in total overhead spending of 30%. For every dollar donated to the charity, 70 cents go to the cause. This is within Ci’s reasonable range for overhead spending.
Alzheimer Society of Canada has $16.7m in reserve funds, $1.1m of which is donor endowed. Excluding donor-endowed funds, ALZH can cover around 2.5 years of its annual program costs with its reserves.
This charity report is an update that has been sent to ALZH for review. Changes and edits may be forthcoming.
Updated on June 26, 2023 by Krystie Nguyen.
Financial Review
Fiscal year ending March
|
2022 | 2021 | 2020 |
---|---|---|---|
Administrative costs as % of revenues | 3.6% | 2.6% | 1.8% |
Fundraising costs as % of donations | 26.3% | 29.9% | 30.0% |
Total overhead spending | 29.9% | 32.5% | 31.8% |
Program cost coverage (%) | 239.8% | 257.9% | 160.8% |
Summary Financial StatementsAll figures in $000s |
2022 | 2021 | 2020 |
---|---|---|---|
Donations | 22,928 | 17,701 | 16,341 |
Government funding | 449 | 656 | 114 |
Investment income | 457 | 1,221 | (379) |
Other income | 11,619 | 11,217 | 11,195 |
Total revenues | 35,453 | 30,796 | 27,271 |
Program costs | 2,887 | 2,206 | 3,245 |
Grants | 3,691 | 4,204 | 4,072 |
Donor-designated donations | 21,759 | 14,095 | 16,303 |
Administrative costs | 1,257 | 766 | 497 |
Fundraising costs | 6,040 | 5,286 | 4,900 |
Total spending | 35,634 | 26,558 | 29,016 |
Cash flow from operations | (181) | 4,238 | (1,745) |
Capital spending | 25 | 45 | 52 |
Funding reserves | 16,728 | 17,482 | 12,675 |
Note: Ci included unrealized gains (losses) in investments, affecting total revenues by ($43k) in F2022, ($54k) in F2021, and ($697k) in F2020. Ci included contributions from provincial partner charities in other revenue and adjusted the amounts by accounts receivable from partners. This affected total revenues by ($511k) in F2022, $371k in F2021, and ($163k) in F2020. Endowment contributions were included as revenue items, affecting revenues by $10k in F2022, $1k in F2021, $100k in F2020. Ci included research funding in grants and adjusted for changes in grants payable. This affected total expenses by ($148k) in F2022, $389k in F2021, and $313k in F2020. Ci included grants designated for partner charities as donor-designated grants and adjusted by changes in amounts payable to partners. This affected total expenses by $243k in F2022, ($1.4m) in F2021, and $1.0m in F2020. Ci removed amortization on a pro-rata basis from program, administrative, and fundraising costs.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
1 |
$200k - $250k |
0 |
$160k - $200k |
1 |
$120k - $160k |
0 |
$80k - $120k |
6 |
$40k - $80k |
2 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2022
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Comments & Contact
Comments added by the Charity:
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 416-488-8772