March of Dimes Canada

202-885 Don Mills Rd
Toronto, ON M3C 1V9
President & CEO: Leonard Baker
Board Chair: Jay Hira

Charitable Reg. #:10788 3928 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

[Charity Rating: 3/5]

✔+

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.

Fair

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 and is financially transparent. However, it has high fundraising costs and fair demonstrated impact.

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 a Fair impact rating based on demonstrated impact per dollar spent.

Impact Rating: Fair

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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


Financial Ratios

Fiscal year ending March
202320222021
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 Statements

All figures in $000s
202320222021
Donations 6,5626,7285,460
Government funding 111,196104,06097,631
Fees for service 43,40746,53241,047
Lotteries (net) 13044139
Investment income 9683,0682,395
Total revenues 162,263160,433146,673
Program costs 148,160142,254130,208
Administrative costs 11,60611,78511,416
Fundraising costs 2,9612,7442,695
Other costs 000
Total spending 162,727156,783144,319
Cash flow from operations (464)3,6502,353
Capital spending 1,1121,346(204)
Funding reserves 34,13832,85329,202

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

Full-time staff: 1,284

Avg. compensation: $65,632

Top 10 staff salary range:

$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:

No comments have been added by the charity.

Charity Contact

Website: www.marchofdimes.ca
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 416-425-3463

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Charitable Registration Number: 80340 7956 RR0001