Pancreatic Cancer 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.
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.
32%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 32 cents are available for programs.
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OVERVIEW
About Pancreatic Cancer Canada:
Pancreatic Cancer Canada Foundation (PCC) is Canada’s only foundation dedicated exclusively to raising money and awareness for pancreatic cancer. PCC supports research into detection and treatment of pancreatic cancer. PCC raises awareness, advocates for increased funding, and provides support to pancreatic cancer patients and their families. PCC reports that 92% of people diagnosed with pancreatic cancer will not live longer than five years and 50% of people diagnosed with pancreatic cancer will die within the first four months.
In F2020, PCC, with $2.0m in revenue, had a total program and grant spending of $363k. This represents a 69% decrease in program and grant spending from $1.2m in F2019. In F2020, it spent $105k on pancreatic cancer research, $73k on other grants, and $185k on education, awareness, and support programs.
Pancreatic Cancer Canada is currently funding two research projects: PASS-01, and NeoPancONE. PASS-01 builds off previous work funded by PCC that classified different subtypes of pancreatic cancer. PASS-01 wants to study how, if at all, each of these different types reacts to chemotherapy and other treatments. NeoPancONE will look at using chemotherapy before and after surgery on pancreatic cancer. This is a common technique to make surgery easier and “clean up” leftover cells for other cancers, but it has not yet been studied for pancreatic cancer.
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Results and Impact
Pancreatic Cancer Canada funded two clinical trials from 2016-2018 that categorized, for the first time, 5 new subtypes of advanced pancreatic cancer. These studies will make it possible for patients to receive specialized treatment based on their subtype.
While Ci highlights these key results, they may not be representative of Pancreatic Cancer Canada’s results and impact.
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Finances
Pancreatic Cancer Canada Foundation received $1.9m in donations and special events revenue in F2020. PCC’s administrative costs were 27% of revenues, while fundraising costs were 41% of donations. This results in total overhead spending of 68%. For every dollar donated, 32 cents go to the cause, which is outside of Ci’s reasonable range for overhead spending.
In F2020, Pancreatic Cancer Canada had funding reserves of $1.2m, which could cover the significantly reduced F2020 program costs for 3.3 years. Using the average program and grant spending over the last 3 years, the charity could cover 1.5 years of program costs.
This charity report is an update that has been sent to Pancreatic Cancer Canada Foundation for review. Changes and edits may be forthcoming.
Updated July 8, 2021 by Asha McMullin.
Financial Review
Fiscal year ending December
|
2020 | 2019 | 2018 |
---|---|---|---|
Administrative costs as % of revenues | 26.7% | 18.3% | 20.5% |
Fundraising costs as % of donations | 41.3% | 35.0% | 27.5% |
Total overhead spending | 68.0% | 53.3% | 48.0% |
Program cost coverage (%) | 328.6% | 83.2% | 139.2% |
Summary Financial StatementsAll figures in $s |
2020 | 2019 | 2018 |
---|---|---|---|
Donations | 782,800 | 1,254,763 | 1,364,413 |
Government funding | 135,368 | 0 | 0 |
Special events | 1,089,937 | 1,031,144 | 855,509 |
Investment income | 3,680 | 11,071 | (10,351) |
Total revenues | 2,011,785 | 2,296,978 | 2,209,571 |
Program costs | 185,288 | 323,901 | 191,095 |
Grants | 177,963 | 852,484 | 608,891 |
Administrative costs | 536,078 | 419,250 | 454,867 |
Fundraising costs | 772,633 | 799,072 | 610,357 |
Total spending | 1,671,962 | 2,394,707 | 1,865,210 |
Cash flow from operations | 339,823 | (97,729) | 344,361 |
Capital spending | 293 | 54,246 | 2,992 |
Funding reserves | 1,193,518 | 978,203 | 1,113,794 |
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
0 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2019
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Comments & Contact
Comments added by the Charity:
Charity Contact
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