Sources of Revenue
Expenditures
For year ended March 31, 2023
Statement of Financial Activities
Year ended March 31, 2023, with comparative information for 2022.
| 2023 | 2022 | |
|---|---|---|
REVENUE |
$ | $ |
| Major Gifts | 4,420,498 | 3,194,156 |
| Planned Giving | 7,386,952 | 4,904,786 |
| Direct Response | 7,251,251 | 7,795,839 |
| Events | 1,574,769 | 204,707 |
| Government | 5,743,460 | 6,521,390 |
| Other | 2,615,479 | 2,303,570 |
| TOTAL REVENUE | 28,992,409 | 24,924,448 |
EXPENSES |
$ |
$ |
| Research | 6,237,332 | 5,247,265 |
| Programs and services | 10,745,652 | 9,809,390 |
| Building operation | 745,588 | 668,474 |
| Administration | 2,860,071 | 2,324,635 |
| 20,588,643 | 18,049,764 | |
| Cost of raising funds from the public | 8,364,359 | 7,447,313 |
| TOTAL EXPENSES | 28,953,002 | 25,497,077 |
| Excess (deficiency) of revenue over expenses | 39,407 | (572,629) |
| Unrealized gain (loss) on investments | (481,128) | 145,227 |
Deficiency of revenue over expenses |
(441,721) |
(427,402) |
*Reflects an approved investment out of a prior-year surplus to execute a comprehensive campaign to boost public awareness and give voice to people living with arthritis.
Accreditation
Arthritis Society Canada is accredited by the Imagine Canada Standards Program, Canada’s highest measure of excellence for charities and not-for-profits.