Movember Canada is a good, 3-star charity with reasonable overhead spending and an average results reporting grade. The charity has large funding reserves of $56.1m that can cover over four years of annual programing. 

Established in 2011, Movember Canada (MVC) is the Canadian arm of the Movember Foundation (MVF). MVF is an Australian-based charity that raises awareness and funds for men’s health—specifically prostate cancer, testicular cancer, and mental health. According to the charity, prostate cancer is the second most common cancer in men worldwide, and across Canada, more than 205,000 men are living with and beyond prostate cancer. In relation to mental health, the charity states males account for 75% of suicide globally.

Movember Canada runs the annual Movember campaign where participants grow a moustache during the month of November to raise awareness of men's health issues. According to the charity, MVC has funded more than 1,250 men’s health projects worldwide since inception. MVC does not disclose how much was spent on each focus area.

Mental health and suicide prevention programs: Movember Canada funds mental health and suicide prevention projects in collaboration with local health partners. MVC has launched a “Breaking the Ice” program to promote mental health discussions among young hockey players. It has also developed an online tool to help men start conversations about mental health during covid-19 isolation. 

Prostate and testicular cancer programs: Movember Canada funds research on causes, detection, and treatment of prostate and testicular cancer. MVC also funds programs providing information and support to adults with prostate and testicular cancer.

Movember Canada received $23.7m donations in F2021. Administrative costs are 5% of revenues and fundraising costs are 15% of donations. This results in 19% of donations going towards overhead spending. For every dollar donated, 81 cents go to the cause. This falls within Ci’s reasonable range for overhead spending.

Funding reserves of $56.1 m can cover 4.5 years of annual program costs or just under 3.5 years based on average program costs over the past three years.

In F2021, Movember Canada granted $2.0m ($2.3m in F2020) to Canadian Cancer Society, which amalgamated with Prostate Cancer Canada in  2020. 

From our financial review in June 2022, we highlight Financial Notes 4 and 6 in Movember's audited financial statements. These notes are about Movember Canada's related party transactions: 

• Movember Canada paid Movember Australia $4.6m in F2021, $4.4m in F2020, and $5.6m in F2019. These payments are 19%, 22%, and 32% of Movember Canada's total donations, respectively. These payments are for services provided to Movember Canada by Movember Australia.  
• Movember Canada has the same directors as Movember Australia. The auditor notes that, due to this overlap in governance, the fair value of these related party transactions cannot be determined. 
• Movember Canada allocates these payments to Australia's headquarters as program costs, fundraising costs, and administrative costs. Charity Intelligence's analysis has presented these payments as reported. 
• Also, Movember Canada is part of the global Movember network along with Movember USA, Movember UK, Movember Germany, Movember Europe (Netherlands), and Movember New Zealand. These national chapters are all governed by the same directors as Movember Australia. Movember Canada pays and receives money from these other Movember charities. Financial Note 4 doesn't disclose the total amount of payments between the Movember charities. It does disclose that, at year-end of F2021, Movember Canada was owed $138k from Movember Australia, it owed $246k to Movember USA, and $129k to Movember Europe. 

This charity report is an update that has been sent to Movember Canada for review. Changes and edits may be forthcoming. 

Updated on June 13, 2022 by Ann Lei.