Prostate Cancer Fight Foundation
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✖
FINANCIAL TRANSPARENCY
Audited financial statements available only through official request for information from Charities Directorate.
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.
69%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 69 cents are available for programs.
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OVERVIEW
About Prostate Cancer Fight Foundation:
Prostate Cancer Fight Foundation is a 1-star rated charity. It is not financially transparent and has a C- results reporting grade, meaning it publicly reports little of its programs and results. Before you give, read Charity Intelligence’s report.
Founded in 2005, Prostate Cancer Fight Foundation (PCFF) raises funds and awareness for prostate cancer research. The charity reports that prostate cancer is the most common cancer in Canadian men. Additionally, it estimates that 4,300 men die of the disease in Canada annually. PCFF’s primary source of donations is the TELUS Ride for Dad. These are national one-day, vehicle-based fundraising events. The charity reports that to date, Ride for Dad has raised over $37m for Prostate Cancer Fight Foundation.
PCFF has not posted an annual report for 2021 or 2020. Most of these results below refer to a report from 2019.
The charity has two main programs: Research and Awareness.
Awareness represented 78% of program spending in F2021. The charity promotes prostate cancer awareness to reduce the stigma surrounding screening. In F2019, the charity released radio PSAs, billboards, print advertisements, transit advertisements, and handouts.
Research accounted for 22% of program spending in F2021. Prostate Cancer Fight Foundation’s single grant recipient in F2021 was the University of Manitoba ($96k). This is a significant decline from 17 grant recipients in F2019 (a total of $824k granted).
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Results and Impact
In a project partially funded by PCFF, a research team developed a treatment called Stereotactic Ablative Body Radiotherapy (SABR). The intervention reduces the number of radiation treatments men need from 39 to just 5 (for specific types of prostate cancer). The charity reports that it has been the major sponsor of the Canadian portion of this international trial therapy.
While Ci highlights these key results, they may not be a complete representation of Prostate Cancer Fight Foundation's results and impact.
Charity Intelligence has not assessed Prostate Cancer Fight Foundation's impact. This shows as n/r, meaning not reviewed.
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Finances
Prostate Cancer Fight Foundation received $892k in donations and special events revenue in F2021. Administrative costs are 19% of revenues (excluding investment income), and fundraising costs are 13% of donations and special events. For every dollar donated, 69 cents go to the cause. This is within Ci’s reasonable range for overhead spending.
PCFF has funding reserves of $2.7m which can cover annual program costs and grants for 6.4 years.
According to its annual filing with the Charities Directorate, Prostate Cancer Fight Foundation used external fundraisers in F2021. It paid $107k to external fundraisers and did not report how much PCFF raised. This is required reporting by the CRA.
Prostate Cancer Fight Foundation is not financially transparent. Audited financial statements are available only through an official request from the CRA.
This charity report is an update that has been sent to Prostate Cancer Fight Foundation for review. Comments and edits may be forthcoming.
Updated on July 22, 2022 by Ann Lei.
Financial Review
Fiscal year ending July
|
2021 | 2020 | 2019 |
---|---|---|---|
Administrative costs as % of revenues | 19.0% | 48.4% | 13.3% |
Fundraising costs as % of donations | 12.5% | 65.4% | 29.0% |
Total overhead spending | 31.5% | 113.8% | 42.3% |
Program cost coverage (%) | 642.0% | 1,620.5% | 178.2% |
Summary Financial StatementsAll figures in $s |
2021 | 2020 | 2019 |
---|---|---|---|
Donations | 833,259 | 312,071 | 1,334,471 |
Lotteries (net) | 26,487 | 0 | 0 |
Special events | 58,387 | 19,531 | 336,355 |
Investment income | 28,527 | 52,462 | 38,726 |
Total revenues | 946,660 | 384,064 | 1,709,552 |
Program costs | 321,517 | 156,516 | 471,768 |
Grants | 91,600 | 0 | 824,006 |
Administrative costs | 174,389 | 160,593 | 221,990 |
Fundraising costs | 111,280 | 216,875 | 484,064 |
Cash flow from operations | 247,874 | (149,920) | (292,276) |
Capital spending | 0 | 0 | 0 |
Funding reserves | 2,652,279 | 2,536,286 | 2,309,172 |
Note: Ci has reported donations gross of fundraising costs and included the cost in expenses. This affected revenue and expenses by $111k in F2021, $217k in F2020, and $484k in F2019. Ci removed the non-recoverable portion of HST from revenues and reported it as an expense. This affected revenue and expenses by $4k in F2021, $8k in F2020, and $18k in F2019.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
0 |
$40k - $80k |
2 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2021
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Comments & Contact
Comments added by the Charity:
Charity Contact
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(613) 623-0733