Financial Report 2020-2021
Sources of Revenue
Expenditures
For year ended March 31, 2021
Statement of Financial Activities
Year ended March 31, 2021, with comparative information for 2020.
2021 | 2020 | |
---|---|---|
REVENUE |
$ | $ |
Major Gifts (corporate, individual and foundations) | 2,720,943 | 3,642,721 |
Planned Giving | 4,991,455 | 5,376,873 |
Direct Response | 7,564,618 | 6,733,987 |
Events | 746,730 | 2,501,182 |
Government | 7,508,11 | 5,416,216 |
Other | 2,920,779 | 3,149,917 |
TOTAL REVENUE | 26,452,635 | 26,820,894 |
EXPENSES |
$ |
$ |
Research | 3,556,737 | 4,293,200 |
Programs and services | 8,979,077 | 10,406,648 |
Building operation | 658,601 | 583,467 |
Administration | 2,629,589 | 2,649,466 |
15,824,004 | 17,932,781 | |
Cost of raising funds from the public | 7,901,130 | 10,845,902 |
TOTAL EXPENSES | 23,725,134 | 28,778,683 |
EXCESS (deficiency) of revenue over expenses |
2,727,501 |
(1,957,789) |
Accreditation
The Arthritis Society is accredited by the Imagine Canada Standards Program, Canada’s highest measure of excellence for charities and not-for-profits.
Meet Diane
Witnessing their mothers experience pain and suffering from rheumatoid arthritis inspired Diane Blake and Stephen Smith to support the Arthritis Society’s research efforts with a $100,000 gift.
“Arthritis is often perceived as being in a different category from cancer or stroke, for example, but it affects a significant number of people and is very debilitating and painful,” says Diane. Though her mother’s generation often considered arthritis an inevitable part of aging, Diane believes “we have to make an effort to preserve the quality of life for people in their later years.”
Diane has taken this to heart. In addition to her own gift, she hosted a virtual event in September 2020 to introduce friends to the Arthritis Society and arthritis research.
“Due to our personal experiences with our mothers, and because we know there currently is no cure, we feel that arthritis research can have a big impact.”