Canadian Breast Cancer Foundation

#300, 1090 West Pender Street
Vancouver, BC V6E 2N7
CEO: Lynne Hudson
Board Chair: Gail Chernin

Website: www.cbcf.org
Charitable Reg. #: 12799 3608 RR0001
Sector: Health - Cancer
Operating Charity

Donor Accountability

Grade: B+

The grade is based on the charity's public reporting of the work it does and the results it achieves.

Financial Transparency

Audited financial statements for current and previous years available on the charity's website [ Audited financial statement for most recent year ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Cents to The Cause

95¢
75¢
avg
65¢
50¢
2014 2015 2016
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #118

Avg. Compensation $111,275

Top 10 Staff Salary Range

$350k + 1
$300k - $350k 0
$250k - $300k 1
$200k - $250k 1
$160k - $200k 2
$120k - $160k 5
$80k - $120k 0
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2016

About Canadian Breast Cancer Foundation:

Founded in 1986, Canadian Breast Cancer Foundation (CBCF) is a national funder of breast cancer research in Canada. In the past 20 years, CBCF has invested over $360m in breast cancer research.  It also funds awareness and advocacy programs on breast cancer, the most commonly diagnosed cancer in women. 1 in 4 women are diagnosed with this disease. CBCF’s goals are to reduce the number of people diagnosed with breast cancer and to improve the quality of life of those affected.

NEWS: On October 28, 2016 CBCF announced it will be merging with Canadian Cancer Society that may finalize in February 2017. The President and CEO of CBCF, Lynne Hudson, is the new President and CEO of Canadian Cancer Society effective immediately. For more information about this merger, please read Charity Intelligence's article.

Canadian Breast Cancer Foundation’s main fundraising event is Run for the Cure, where 104,000 people participated last year. The event contributed 71% of CBCF’s total revenues. It also has a regional funding campaign, through which CBCF allocated $7.5m to 24 research projects. The funded initiatives include research on early detection, new methods of treatment and prevention. In 2013, the Canadian Breast Cancer Foundation held its Pink Tour where volunteers visited 90 communities across Canada to raise awareness of breast cancer. This year, CBCF held 33 workshops to promote healthier lifestyles to reduce the risk of developing breast cancer.

CBCF reports that its breast cancer research has contributed to the decreasing mortality rates and climbing survival rates of breast cancer victims. Since 1990s, mortality rates went down by 44% and survival rates increased by 88%.

Financial Review:

Canadian Breast Cancer Foundation is one of Canada’s Major 100 charities as it received donations and special event revenue of $35.7m in F2016. The Run for The Cure event raised $26m alone. CBCF’s administrative costs are 8% of total revenues and its fundraising costs are 30% of donations. Total overhead costs come to 38%, which is in the upper end of Ci’s reasonable range. CBCF has funding reserves of $53.3m. Its total funding reserves can cover programs costs 1.8 times.

Donors, please note - CBCF's average salary information looks incorrect. This data is taken straight from CBCF's annual filings. In F2016 full time staff was reduced to 118 from 155 in F2015. The total cost of full time staff for F2016 may be divided by the end of year staff. As such, the $111,275 figure is significantly overstated. In F2015 CBCF reported average salary of $84,681 per full-time staff. Charity Intelligence does not factor staff salaries and benefits in its ratings or analysis.

This charity report is an update that is being reviewed by Canadian Breast Cancer Foundation. Changes and edits may be forthcoming.

Updated on June 1st, 2016 by Mirza Ali Shakir.

Financial Ratios

Fiscal year ending March
201620152014
Administrative costs as % of revenues 15.9%13.1%13.0%
Fundraising costs as % of donations 37.1%35.4%36.4%
Program cost coverage (%) 212.3%214.1%213.2%

Summary Financial Statements

All figures in $000s
201620152014
Donations 9,2669,64110,769
Government funding 49612505
Special events 26,39229,09230,597
Investment income 1831,3172,785
Other income 233335323
Total revenues 36,12440,99744,979
Program costs 7,9577,4577,829
Grants 13,94917,45619,312
Administrative costs 5,7115,1785,475
Fundraising costs 13,21613,71215,050
Cash flow from operations (4,710)(2,806)(2,687)
Funding reserves 46,51753,34957,865
Note: Ci includes all realized gains (losses) in its investment income calculations, thereby raising revenues by ($1.9m) in F2015, ($0.6m) in F2014 and nil in F2013. Ci also allocated CBCF's amortization to administrative expenses; to give donors a operating cash review, this reduces CBCF's reported administrative expenses by $878k in F2016, $766k in F2015, $833k in F2014. 

Comments added by the Charity:

No comments have been added by charity
Go to top