Fondation Charles-Bruneau
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.
56%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 56 cents are available for programs.
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OVERVIEW
About Fondation Charles-Bruneau:
Fondation Charles-Bruneau is a three-star charity that is financially transparent. It has a B- results reporting grade, which is below average. Its reserves can cover program costs for over four years. For every dollar donated to the charity, 56 cents are available to go to the cause, which is outside Ci's reasonable range.
Founded in 1990, Fondation Charles-Bruneau (FCB) raises funds for four pediatric oncology centres across Québec: CHU de Sainte Justine, CHU de Québec-Université Laval, CIUSSS de L'estrie-CHUS (Sherbrooke), and Montreal Children’s Hospital. The foundation’s overall mission is to give all children with cancer the best chances of recovery by financing research and supporting the development of projects in pediatric oncology. The charity reports that there are more than 2,000 children in Quebec living with cancer, and 300 new children are diagnosed each year.
In F2023, the charity disbursed $8.8 million in grants. The 2023 annual report isn't available, Ci's report is on 2022 data and before. 56% went to CHU Sainte Justine ($4.9m), 22% went to CHU de Quebec ($1.9m), 22% went to the Montreal Children’s Hospital ($1.9m), and 1% went to CHU de Sherbrooke ($84k). The charity reports it has three programs: Research Projects, which received 85% of funding, Research Platforms, which received 12% of funding, and Complementary Therapies, which received 3% of funding. Research Projects focus on long-term research that will develop breakthroughs in cancer treatment, while Research Platforms focuses on short-term research.
FCB reports that the CHU Sainte-Justine Cancer Centre serves close to 1,100 children with cancer and supports 80 researchers. CIUSSS de L’estrie-CHUS recorded 714 visits and CHU de Québec-Université Laval recorded 3,889 visits at its pediatric chemotherapy centres. Montreal Children’s Hospital receives on average 100 to 125 patients per week. FCB does not provide dates for this information.
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Results and Impact
Ci was unable to find any quantified outcome data for Fondation Charles-Bruneau.
This may not be a complete representation of the charity’s results.
This charity is not yet rated on impact.
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Finances
Fondation Charles-Bruneau changed its year end from June to March in fiscal 2023. Its most recent financial statements are for nine months instead of 12.
Fondation Charles-Bruneau received $7.7m in donations and special events revenue in F2023. Administrative costs are 15% of revenue (excluding investment income), and fundraising costs are 29% of donations. This results in overhead spending of 44%. For every dollar donated to the charity, 56 cents are available to go to the cause, which is outside Ci’s reasonable range.
The charity has $23.6m in reserve funds, which can cover 428%, of four years and three months of its annual program costs.
The charity’s $21.4m in investments returned $980k, at a rate of 5%. Over the past five years, FCB’s investments retuned an average of 3%.
This charity report is an update that has been sent to Fondation Charles-Bruneau for review. Changes and edits may be forthcoming.
Updated on August 25, 2023 by Liam Chapleau.
Financial Review
Fiscal year ending May
|
2023 | 2022 | 2021 |
|---|---|---|---|
| Administrative costs as % of revenues | 15.4% | 13.4% | 11.0% |
| Fundraising costs as % of donations | 29.0% | 24.1% | 25.5% |
| Total overhead spending | 44.4% | 37.5% | 36.5% |
| Program cost coverage (%) | 428.3% | 279.3% | 959.2% |
Summary Financial StatementsAll figures in $000s |
2023 | 2022 | 2021 |
|---|---|---|---|
| Donations | 1,383 | 1,853 | 2,712 |
| Government funding | 0 | (46) | 596 |
| Special events | 6,262 | 6,803 | 1,089 |
| Investment income | 980 | (1,025) | 1,665 |
| Other income | (2,718) | (1,007) | 3,302 |
| Total revenues | 5,907 | 6,578 | 9,364 |
| Program costs | 0 | 0 | 0 |
| Grants | 4,133 | 8,777 | 3,098 |
| Administrative costs | 760 | 1,017 | 847 |
| Fundraising costs | 2,218 | 2,088 | 968 |
| Total spending | 7,111 | 11,883 | 4,913 |
| Cash flow from operations | (1,204) | (5,305) | 4,451 |
| Capital spending | 13 | 116 | 6,526 |
| Funding reserves | 23,600 | 24,514 | 29,712 |
Note: Ci reports fundraising revenue gross of expenses, affecting revenue and expenses by $2.1m in F2023, $2.0m in F2022, and $930k in F2021. Ci included grants within expenses in the amount of $4.1m in F2023, $8.8m in F2022, and $3.1m in F2021. To report on a cash basis, Ci included donations receivable, impacting donations by ($2.6m) in F2023 only. Ci accounted for deferred revenue, impacting other revenue by ($2.7m) in F2023, ($1.0m) in F2022, and $3.3m in F2021. Ci removed amortization from administrative costs.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
1 |
$120k - $160k |
0 |
$80k - $120k |
2 |
$40k - $80k |
7 |
< $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: 514-256-0404