Canadian Liver Foundation
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.
61%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 61 cents are available for programs.
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OVERVIEW
About Canadian Liver Foundation:
Canadian Liver Foundation is a 2-star charity with a below-average results reporting grade of C. For every dollar donated, 61 cents are available to go towards the cause. Its reserve funds can cover two years and two months of annual program costs.
Founded in 1969, Canadian Liver Foundation (CLF)’s mission is to promote liver health and provide hope for people living with liver disease by funding liver research, increasing public awareness, running support programs, and advocating for liver health. In 2022 (most recent financial statements available at the time of this report), CLF spent $4.0m on its grants and two programs: Research and Public Information and Education.
Research was 73% of program spending. In 2022, CLF spent $2.9m on its grants, a 72% increase from $1.7m granted in 2021. In 2022 the grants included $908k to Canadian Liver Meeting, $659k to Canadian Association for the Study of the Liver, and $356k to Canadian Network on Hepatitis C. In 2022, CLF reports having three Meet the Researcher interviews and distributing four liver cancer research operating grants.
In 2022, Public Information and Education was 12% of program spending. In 2022, CLF reports having seven Living with Liver Disease sessions and 2,456 LIVEright health forum sessions. It also reports answering 210 questions during a Just Ask campaign.
The remaining program money was spent on Chapter costs. Canadian Liver Foundation has chapters in all 13 provinces and territories.
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Results and Impact
Ci found that Canadian Liver Foundation had many stories but no quantified data on its results. This may not be a complete representation of Canadian Liver Foundation’s results and impact.
This charity is not yet rated on impact (n/r).
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Finances
In 2022, Canadian Liver Foundation received $5.1m in donations, down 10% from $5.7m received in 2021. In 2022, CLF received $155k in government funding which represents 2% of total revenues. Administrative costs are 21% of revenues (less investment income) and fundraising costs are 18% of donations. For every dollar donated, 61 cents are available to go towards the cause. This is outside of Ci’s reasonable range for overhead spending. In 2022, CLF spent $4.0m on its programs which represents 60% of total revenues.
In 2022, Canadian Liver Foundation had total reserve funds of $8.6m. These reserves can cover two years and two months of annual program costs.
Canadian Liver Foundation reports using external fundraisers. In 2022, CLF paid fundraisers $75k to collect $128k. This means the cost of raising a dollar via external fundraisers is 59 cents.
Profile updated on August 6, 2024 by Abby Stout.
Financial Review
Fiscal year ending December
|
2022 | 2021 | 2020 |
|---|---|---|---|
| Administrative costs as % of revenues | 20.9% | 23.2% | 22.9% |
| Fundraising costs as % of donations | 17.6% | 12.1% | 20.6% |
| Total overhead spending | 38.5% | 35.3% | 43.4% |
| Program cost coverage (%) | 213.3% | 377.9% | 312.8% |
Summary Financial StatementsAll figures in $000s |
2022 | 2021 | 2020 |
|---|---|---|---|
| Donations | 5,131 | 5,674 | 5,203 |
| Government funding | 155 | 25 | 482 |
| Business activities (net) | 139 | 86 | 103 |
| Investment income | 1,256 | 1,196 | 550 |
| Total revenues | 6,681 | 6,981 | 6,338 |
| Program costs | 1,098 | 1,173 | 1,049 |
| Grants | 2,932 | 1,703 | 1,643 |
| Administrative costs | 1,133 | 1,344 | 1,324 |
| Fundraising costs | 905 | 684 | 1,069 |
| Total spending | 6,068 | 4,903 | 5,086 |
| Cash flow from operations | 614 | 2,078 | 1,253 |
| Capital spending | (1,552) | (1,790) | (1,439) |
| Funding reserves | 8,597 | 10,866 | 8,422 |
Note: GAMING REVENUE: Ci reported chapter gaming revenue net of direct expenses, reducing total revenues and expenses by ($4k) in 2022, ($4k) in 2021, and ($29k) in 2020. INVESTMENTS: Ci included investments recorded below the line in investment income. This affected total revenues by $1.3m in 2022. Investment income was reported above the line in 2021 and 2020. AMORTIZATION: Ci removed amortization from program, administrative, and fundraising costs on a pro-rata basis.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
1 |
$120k - $160k |
1 |
$80k - $120k |
4 |
$40k - $80k |
4 |
< $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
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 416-491-3353