Leucan
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔
FINANCIAL TRANSPARENCY
Most recent Audited financial statements available on the charity’s website.
C+
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.
47%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 47 cents are available for programs.
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OVERVIEW
About Leucan:
Leucan is a 3-star charity with a below average results reporting grade and overhead spending costs outside Ci's reasonable range. It is financially transparent, and with current reserves the charity can cover less than two years of annual program costs.
Founded in 1978, Leucan supports children with cancer and their families in Quebec. Leucan has its headquarters in Montreal plus nine regional offices across Quebec. Its mission is to promote recovery and wellness in children with cancer and offer support services to families. Leucan reports that in 2023 approximately one family per day in Quebec will be diagnosed with cancer. The charity reports that 70% of childhood cancer survivors will develop other issues as a consequence of their illness and treatment. In 30% of those instances, the complication will be severe. Leucan’s main programs are family support services, research grants and direct financial support for families.
Leucan’s family support services make up 47% of its program spending. These services include emotional support and assistance, social and recreational activities, hospital playrooms, school awareness programs, massage therapy, end-of-life and bereavement services, and summer camps.
Leucan’s financial assistance program (making up 30% of its program spending) provides grants to families to help cover some of the costs associated with a childhood cancer diagnosis. In F2022, Leucan granted $1.4m to the families of patients so that they can focus their energy on what really matters: the recovery of their child.
Leucan’s research grants (making up 23% of its program spending) fund clinical research projects conducted in Quebec pediatric oncology centres. In F2022, it granted $1.1m to clinical and fundamental research.
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Results and Impact
Leucan contributes to improvements in the quality of care and to the increase in the recovery and survival rate of children treated for cancer. Leucan reports that the survival rate has gone up from 15% to 82% for children treated for cancer since Leucan was founded.
While Ci highlights these key results, they may not be a complete representation of the charity’s results and impact.
Charity Intelligence has not rated Leucan on its impact (n/r).
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Finances
Leucan received $10.3m in donations in F2022. Administrative costs were 12% of revenues (excluding investment income) and fundraising costs were 41% of donations. This results in total overhead spending of 53%. For every dollar donated, 47 cents go to the cause, which is outside of Charity Intelligence’s reasonable range for overhead spending. This is due to high fundraising costs.
Leucan has $7.9m in reserve funds. These are the charity’s cash and investments. Reserve funds have increased by 63% since F2020, when reserve funds were $4.9m. The charity has one year and eight months of annual program costs covered by its current reserves.
This charity report is an update that has been sent to Leucan for review. Changes and edits may be forthcoming.
Updated on July 13, 2023 by Alessandra Castino.
Financial Review
Fiscal year ending March
|
2022 | 2021 | 2020 |
---|---|---|---|
Administrative costs as % of revenues | 11.7% | 11.1% | 11.9% |
Fundraising costs as % of donations | 41.0% | 39.3% | 46.7% |
Total overhead spending | 52.7% | 50.4% | 58.6% |
Program cost coverage (%) | 166.8% | 173.1% | 96.8% |
Summary Financial StatementsAll figures in $000s |
2022 | 2021 | 2020 |
---|---|---|---|
Donations | 10,294 | 8,881 | 11,022 |
Goods in kind | 212 | 181 | 157 |
Government funding | 430 | 1,299 | 82 |
Fees for service | 6 | 1 | 16 |
Business activities (net) | 7 | 6 | 27 |
Investment income | 161 | 288 | 41 |
Other income | 0 | 30 | 9 |
Total revenues | 11,110 | 10,686 | 11,355 |
Program costs | 3,639 | 3,140 | 4,024 |
Grants | 1,113 | 1,090 | 1,008 |
Administrative costs | 1,277 | 1,158 | 1,344 |
Fundraising costs | 4,222 | 3,489 | 5,148 |
Total spending | 10,251 | 8,877 | 11,525 |
Cash flow from operations | 859 | 1,809 | (170) |
Capital spending | 46 | 37 | 140 |
Funding reserves | 7,927 | 7,322 | 4,873 |
Note: Business activities are presented gross as no related expenses were reported on the audited financials. Ci adjusted for deferred donations, affecting total revenues by $158k in F2022, $110k in F2021, and ($29k) in F2020.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
1 |
$120k - $160k |
1 |
$80k - $120k |
6 |
$40k - $80k |
2 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2022
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Comments & Contact
Comments added by the Charity:
Charity Contact
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