Alzheimer Society of Toronto
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.
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 Alzheimer Society of Toronto:
Alzheimer Society of Toronto is a 4-star charity. It is financially transparent and has an above-average results reporting grade and overhead spending within Ci’s reasonable range.
Founded in 1984, Alzheimer Society of Toronto (AST) is one of Alzheimer Society of Ontario’s member chapters. AST’s mission is to alleviate personal and social consequences of Alzheimer’s disease and other dementias and to promote research. AST offers support, information and education to people with dementia as well as families and caregivers. The charity also aims to increase public awareness of dementia, promote research, and advocate for services that respect the dignity of people with dementia.
AST runs four main programs, including Support Services, Education, Research and Advocacy. The charity does not provide a breakdown of its spending per program.
Support Services: AST offers many resources to people with dementia, including First Link and Minds in Motion. First Link is a program that connects people affected by dementia to support, information, and other resources in their communities. Minds in Motion is a community-based program that encourages physical activity and mental stimulation for people with early signs of dementia. AST's Music Project delivers musical performances to people living with dementia. In F2023, the charity provided 710 music packages across Ontario specifically tailored to each clients’ music taste. During the same year, AST also served 3,698 clients through its Active Living program.
Education: Alzheimer Society of Toronto works to educate healthcare professionals on how to provide the highest quality of care for patients with dementia. In F2023, students earned 1,940 certificates for the completion of education training and courses. AST’s U-First! program provides education and training to help healthcare providers understand dementia and associated behavioral changes, and how to work as a team to develop individualized support strategies for patients. In F2023, more than 1,500 participants completed the U-First! program offered through 12 e-learning courses for healthcare providers. During the same year, the charity hosted 8,637 education and awareness-raising events, including virtual staff-led education sessions and online learning.
Research: AST funds dementia research through the Alzheimer Society Research Program (ASRP). The program receives funding from provincial Alzheimer Societies, Alzheimer Society of Canada and outside donors. ASRP gives grants to researchers working to improve the quality of life for those affected by dementia and to gain a deeper understanding of the biomedical foundations of the disease. In F2023, the charity supported ten new research projects in Ontario.
Advocacy: In F2023, AST met with nearly 200 major party candidates during the provincial election to make dementia a ballot box issue.
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Results and Impact
Following the completion of Alzheimer Society of Toronto's First Link program, the charity reported that 72% of care partners said that connection with their local Alzheimer Society helped them provide longer care at home. 86% of people living with dementia and 85% of care partners reported that the Alzheimer Society assisted them in times of need. 97% of people living with dementia and 94% of care partners indicated that they are likely or very likely to recommend the Alzheimer Society to others affected by dementia.
While Ci highlights these key results, they may not be a complete representation of Alzheimer Society of Toronto's results and impact. Charity Intelligence has not assessed impact on Alzheimer Society of Toronto (n/r).
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Finances
In F2023, Alzheimer Society of Toronto reported total donations and special events fundraising of $4.2m. Administrative costs are 9% of revenues (excluding investment income), and fundraising costs are 22% of donations and special events. This results in total overhead spending of 31%. For every dollar donated, 69 cents go to the cause, which is within Ci’s reasonable range for overhead spending.
Alzheimer Society of Toronto has $4.7m in reserve funds. The charity could cover nearly one year of its annual program costs with its reserves.
This charity report is an update that was sent to Alzheimer Society of Toronto for review. Comments and edits may be forthcoming.
Updated on July 21, 2023 by Krystie Nguyen.
Financial Review
Fiscal year ending March
|
2023 | 2022 | 2021 |
---|---|---|---|
Administrative costs as % of revenues | 8.7% | 10.0% | 7.8% |
Fundraising costs as % of donations | 22.1% | 28.9% | 30.9% |
Total overhead spending | 30.8% | 38.9% | 38.8% |
Program cost coverage (%) | 98.9% | 107.1% | 95.1% |
Summary Financial StatementsAll figures in $000s |
2023 | 2022 | 2021 |
---|---|---|---|
Donations | 3,098 | 2,266 | 1,902 |
Government funding | 2,294 | 2,688 | 2,961 |
Fees for service | 75 | 73 | 75 |
Special events | 1,130 | 925 | 1,122 |
Investment income | 147 | 143 | 76 |
Total revenues | 6,744 | 6,095 | 6,136 |
Program costs | 4,584 | 3,890 | 4,036 |
Grants | 153 | 137 | 20 |
Administrative costs | 575 | 595 | 474 |
Fundraising costs | 933 | 922 | 936 |
Total spending | 6,245 | 5,544 | 5,466 |
Cash flow from operations | 499 | 551 | 670 |
Capital spending | 0 | 0 | 28 |
Funding reserves | 4,686 | 4,313 | 3,857 |
Note: To report on a cash basis, Ci adjusted for deferred donations, affecting revenues by ($341k) in F2023, ($50k) in F2021, and $65k in F2020. Ci backed out amortization of capital assets from administrative costs.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
1 |
$120k - $160k |
0 |
$80k - $120k |
4 |
$40k - $80k |
5 |
< $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: 416-322-6560