March of Dimes 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.
Average
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.
48%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 48 cents are available for programs.
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OVERVIEW
About March of Dimes Canada:
March of Dimes Canada is a 3-star rated charity. It has an average results reporting grade, Average demonstrated impact, and is financially transparent. However, it has high fundraising costs.
Founded in 1949, March of Dimes Canada (MODC) originally focused on raising money for polio research. In the early 1960s, MODC started its current mission of supporting people with physical disabilities. Currently, about 6.2 million Canadians live with a disability. MODC works to fight financial, social, and mobility barriers faced by disabled people.
MODC runs three main programs: Community Support Services, Employment Services, and the Home and Vehicle Modification Program.
Community Support Services - $98.9m in F2023 (67% of program spending). MODC provides one-on-one care services, housing supports, and help for those who suffered brain injuries. Its home attendants help those with disabilities eat, bathe, and do other daily activities. In F2023, it served 4,089 clients including 75 clients experiencing brain injury.
Employment Services - $25.2m in F2023 (17% of program spending). Only 59% of working-age Canadians with a disability are employed compared to 80% of the general population. MODC helps those with disabilities find and keep meaningful jobs. In F2023, it served 13,714 people through this program.
Home and Vehicle Modification Program - $15.5m in F2023 (10% of program spending). MODC funds equipment and home renovations to make disabled people's houses more accessible. In F2023, it gave grants to 1,390 people through this program.
The remaining 6% of program spending went toward donor-funded programs (5%) and advocacy work (1%).
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Results and Impact
March of Dimes Canada surveyed its Community Support Services clients. Of those surveyed, 84% were able to be independent thanks to the program. 90% of those surveyed were satisfied with the program overall.
In F2023, 1,231 clients found employment through MODC’s Employment Services program.
While Ci highlights these key results, they may not be a complete representation of March of Dimes Canada’s results and impact.
Charity Intelligence has given March of Dimes Canada an Average impact rating based on demonstrated impact per dollar spent.
Impact Rating: Average
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Finances
In F2023, March of Dimes Canada received $6.5m in donations. It received $111.2m in government funding. Government funding is 69% of MODC’s total revenue. In F2023 MODC received $43.4m in fees for service, accounting for 27% of the charity’s total revenue.
Fundraising costs are 45% of donations and administrative costs are 7% of revenues (less investment income). In F2023, total overhead costs are 52%. For each dollar donated, 48 cents go to the cause. This is outside of Ci's reasonable range for overhead spending.
March of Dimes Canada has reserve funds of $34.1m that can cover program costs at the F2023 level for less than three months.
In F2023, MODC did not pay external fundraisers. In F2022, March of Dimes Canada paid external fundraisers $39k to raise $52k for a cost of 75 cents per dollar raised.
MODC controls another charity, March of Dimes Canada Non-Profit Housing Corporation (NPHC). Charity Intelligence has not consolidated NPHC’s financial statements with MODC.
This charity report is an update that has been sent to March of Dimes Canada for review. Changes and edits may be forthcoming.
Updated on February 6, 2023 by Emily Downing.
Financial Review
Fiscal year ending March
|
2023 | 2022 | 2021 |
|---|---|---|---|
| Administrative costs as % of revenues | 7.2% | 7.5% | 7.9% |
| Fundraising costs as % of donations | 45.1% | 40.8% | 49.4% |
| Total overhead spending | 52.3% | 48.3% | 57.3% |
| Program cost coverage (%) | 23.0% | 23.1% | 22.4% |
Summary Financial StatementsAll figures in $000s |
2023 | 2022 | 2021 |
|---|---|---|---|
| Donations | 6,562 | 6,728 | 5,460 |
| Government funding | 111,196 | 104,060 | 97,631 |
| Fees for service | 43,407 | 46,532 | 41,047 |
| Lotteries (net) | 130 | 44 | 139 |
| Investment income | 968 | 3,068 | 2,395 |
| Total revenues | 162,263 | 160,433 | 146,673 |
| Program costs | 148,160 | 142,254 | 130,208 |
| Administrative costs | 11,606 | 11,785 | 11,416 |
| Fundraising costs | 2,961 | 2,744 | 2,695 |
| Other costs | 0 | 0 | 0 |
| Total spending | 162,727 | 156,783 | 144,319 |
| Cash flow from operations | (464) | 3,650 | 2,353 |
| Capital spending | 1,112 | 1,346 | (204) |
| Funding reserves | 34,138 | 32,853 | 29,202 |
Note: March of Dimes uses deferred accounting. To report on a consistent basis, Ci adjusted donations by changes in deferred revenue from non-government sources. This affected revenues by ($51k) in F2023, $909k in F2022, and ($424k) in F2021. Ci added unrealized loss (gain) on restricted investments to revenues. This affected revenues by ($163k) in F2023, $884k in F2022, and ($996k) in F2021. Ci reports lotteries net of expenses. This reduced both revenues and fundraising expenses by $145k in F2023, $146k in F2022, and $139k in F2021. Due to a change in MODC’s method of reporting expenses, Ci adjusted expenses to exclude loss on disposal of capital assets, affecting expenses by ($1.1m) in F2023.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
1 |
$200k - $250k |
1 |
$160k - $200k |
5 |
$120k - $160k |
3 |
$80k - $120k |
0 |
$40k - $80k |
0 |
< $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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