Alzheimer Society of Toronto

20 Eglinton Avenue West, 16th Floor
Toronto, ON M4R 1K8
CEO: Dave Spedding
Board Chair: Carol Paradine

Charitable Reg. #:10670 5262 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

[Charity Rating: 4/5]

✔+

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.

62%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 62 cents are available for programs.



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OVERVIEW

About Alzheimer Society of Toronto:

Alzheimer Society of Toronto is a 4-star charity with an above average results reporting grade of A-. For every dollar donated, 62 cents are available to go towards the cause. Its reserve funds can cover program costs for nine months.  

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. In fiscal 2024 (year ended March), AST spent $5.0m on its programs and $255k on its research. Alzheimer Society of Toronto’s programs include Support Services and Education. AST did not provide a program spending breakdown. 

Support Services: AST offers many resources to people living with dementia including First Link, Active Living Program, Music Project, and many others. The Active Living Program offers activities to enhance social inclusion and physical well-being. In F2023 (most recent annual report at the time of this profile), AST offered three in-person and three virtual Active Living Programs that served 3,698 individuals. The Music Project program provides people with dementia with MP3 players loaded with personalized music. In F2023, AST distributed 710 music packages across Ontario.

Education: Alzheimer Society of Toronto works towards educating healthcare professionals and other individuals on how to provide the highest quality of care for patients with dementia. In F2023, the U-First program provided 111 six-hour workshops and 12 three-week e-learning courses for more than 1,500 health care providers. In F2024, 1,940 certificates were earned by students for completion of education training and courses.

Research: In F2024, Alzheimer Society of Toronto spent $255k on research. There is currently no cure for Alzheimer’s. AST researches potential treatments and ways to prolong quality life in patients.

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Results and Impact

First Link is a partnership with health-care professionals and the Alzheimer Society of Toronto to ensure that individuals and families dealing with Alzheimer’s disease receive the support and information they need throughout the course of their illness. AST reports that by making a referral through First Link, the average time between diagnosis and when the charity sees individuals with dementia is reduced from 18 to 7 months. 

In F2023, First Link conducted a customer satisfaction survey. The results were as follows:

72% of care partners reported that connections with their local Alzheimer’s Society helped them to provide care at home longer.

86% of people living with dementia reported that the Alzheimer Society assisted them in a time of need.

97% of people living with dementia 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. This charity is not yet rated on impact (n/r).

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Finances

In F2024, AST had $3.2m in donations and special events revenue, down 25% from $4.2m in F2023. In F2024, AST received $2.9m in government funding which represents 45% of total revenues. Administrative costs are 11% of revenues (less investment income) and fundraising costs are 27% of donations. For every dollar spent, 62 cents are available to go towards the cause. This is just outside of Ci’s reasonable range for overhead spending. In F2024, AST spent $5.2m on its programs which represents 82% of total revenues.

In F2024, Alzheimer Society of Toronto had $3.8m in its reserve funds. These reserve funds can cover nine months of annual program costs and granting.

Profile updated on August 2, 2024 by Abby Stout.

 

Financial Review


Financial Ratios

Fiscal year ending March
202420232022
Administrative costs as % of revenues 11.1%8.7%10.0%
Fundraising costs as % of donations 26.9%22.1%28.9%
Total overhead spending 38.1%30.8%38.9%
Program cost coverage (%) 73.0%98.9%107.1%

Summary Financial Statements

All figures in $000s
202420232022
Donations 2,3253,0982,266
Government funding 2,8962,2942,688
Fees for service 957573
Special events 8431,130925
Investment income 237147143
Total revenues 6,3976,7446,095
Program costs 4,9934,5843,890
Grants 255153137
Administrative costs 686575595
Fundraising costs 854933922
Total spending 6,7876,2455,544
Cash flow from operations (391)499551
Capital spending 7512640
Funding reserves 3,8314,6864,313

Note: DEFERRED REVENUE: To report on a cash basis, Ci adjusted for deferred revenue and capital contributions. This affected total revenues by ($718k) in F2024, ($341k) in F2023, and ($50k) in F2022. AMORTIZATION: Ci removed amortization from administrative costs, reducing administrative costs by ($63k) in F2024, ($49k) in F2023, and ($37k) in F2022.

Salary Information

Full-time staff: 40

Avg. compensation: $84,551

Top 10 staff salary range:

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
0
$120k - $160k
1
$80k - $120k
4
$40k - $80k
5
< $40k
0

Information from most recent CRA Charities Directorate filings for F2023

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Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

Website: https://alz.to
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 416-322-6560

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Charitable Registration Number: 80340 7956 RR0001