Our Financials

Osteoporosis Canada’s Program Fund encompasses revenue and expenses related to education, advocacy and awareness, administration and fundraising. It ended the year with a surplus of $53,530. The Program Fund balance at fiscal year-end was $574,903.

The Reserve Fund, set up to mitigate against unexpected situations involving a revenue shortage or unexpected expenses, had a fiscal year end balance of $1,221,208.

The Research Fund which provides the funding for projects related to clinical and educational work specific to Bone Health, had a balance of $1,679,621 at the end of the fiscal year.

On behalf of the Board of Directors, I would like to take this opportunity to thank the staff, volunteers, and management of Osteoporosis Canada for their continued commitment to the success of the organization. Their perseverance and conscientiousness have mitigated against the challenging economic situation of the past year.

Sincerely,