Arthritis Research Canada
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.
A
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.
84%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 84 cents are available for programs.
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OVERVIEW
About Arthritis Research Canada :
Arthritis Research Canada is a 4-star charity. It has an A results reporting grade, which is above average. Its overhead spending is within Ci’s reasonable range and it has reserve funds to cover just over three years of its annual program costs.
Founded in 2000, Arthritis Research Canada is the largest clinical arthritis research centre in North America. Arthritis Research Canada’s mission is to transform the lives of people impacted by arthritis through patient-centred research and engagement. The charity reports that over six million Canadians of all ages are living with arthritis. It is the most expensive disease in Canada and costs the Canadian economy an estimated $33 billion per year. Despite this, arthritis research receives only 2% of available research funding in Canada.
In the fiscal year ending March 2023 (F2023), Arthritis Research Canada engaged in over 100 research studies from coast to coast with research centres in BC, AB, QC, and NS. The charity is affiliated with seven major universities. In F2023, Arthritis Research Canada had over 100 research scientists and staff, and its Trainee Network complement had 41 Master's, Ph.D., and post-doctoral students. The charity had five endowed research chairs in F2023. In October 2022, Arthritis Research Canada hosted a Scientific Retreat. 18 researchers and 22 trainees attended the retreat from Laval, Edmonton, Calgary, and Vancouver.
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Results and Impact
In F2023, Arthritis Research Canada-funded projects resulted in 183 publications and 131 abstracts in scientific journals.
While Ci highlights these key results, they may not be a complete representation of Arthritis Research Canada’s results and impact.
This charity is not yet rated on impact (n/r).
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Finances
In F2023, Arthritis Research Canada received $3.2m in donations and special events income. It also received $3.0m in government funding (52% of total revenue). Administrative costs are 3% of total revenue (excluding investment income) and fundraising costs are 13% of donations. Overhead spending is 16%, which is within Ci’s reasonable range. For every dollar donated, 84 cents are available for the cause. In F2023, the charity spent $3.6m on its programs (62% of total revenue).
In F2023, Arthritis Research Canada had a surplus of $1.5m and spent $70k on capital expenditures.
At the end of F2023, the charity had $10.9m in reserve funds. This is enough to cover 306% or just over three years of its annual program costs.
This charity profile is an update that was sent to Arthritis Research Canada for review. Changes and edits may be forthcoming.
Updated on August 2nd, 2024 by Thea Clark.
Financial Review
Fiscal year ending March
|
2023 | 2022 | 2021 |
|---|---|---|---|
| Administrative costs as % of revenues | 2.9% | 4.1% | 6.0% |
| Fundraising costs as % of donations | 13.1% | 15.0% | 16.6% |
| Total overhead spending | 16.0% | 19.1% | 22.6% |
| Program cost coverage (%) | 306.3% | 319.8% | 325.3% |
Summary Financial StatementsAll figures in $s |
2023 | 2022 | 2021 |
|---|---|---|---|
| Donations | 3,164,320 | 2,585,499 | 2,389,374 |
| Government funding | 3,000,000 | 4,756 | 773,920 |
| Special events | 209,213 | 205,617 | 72,300 |
| Investment income | (386,433) | 1,557,124 | 3,587,456 |
| Other income | (261,895) | 60,684 | (101,734) |
| Total revenues | 5,725,205 | 4,413,680 | 6,721,316 |
| Program costs | 3,553,897 | 3,062,169 | 2,971,296 |
| Administrative costs | 178,092 | 117,036 | 187,739 |
| Fundraising costs | 440,360 | 418,785 | 408,673 |
| Other costs | 100,665 | 97,142 | 72,636 |
| Total spending | 4,273,014 | 3,695,132 | 3,640,344 |
| Cash flow from operations | 1,452,191 | 718,548 | 3,080,972 |
| Capital spending | 69,996 | 721,927 | 2,348,800 |
| Funding reserves | 10,886,506 | 9,792,856 | 9,665,147 |
Note: DEFERRED REVENUE: Ci adjusted for deferred revenue, affecting total revenue by ($1.1m) in F2023, $2.4m in F2022, and ($820k) in F2021. GRANT RECEIVABLE: Ci adjusted for government grant receivable, affecting total revenue by $3.0m in F2023, ($3.0m) in F2022, and $nil in F2021.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
4 |
$80k - $120k |
2 |
$40k - $80k |
4 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2023
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Comments & Contact
Comments added by the Charity:
At Arthritis Research Canada we have seen firsthand the tremendous impact that arthritis research can have in transforming the lives of people living with arthritis. While we have made significant progress in the treatments available for arthritis, there is still so much that we can do to lessen the pain and disability of this disease and help people live well with arthritis. We are immensely grateful to our donors whose generous support allows vital arthritis research and important discoveries to continue.
July 13, 2022
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 604-207-0400