The Kensington Health Foundation
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.
60%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 60 cents are available for programs.
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OVERVIEW
About The Kensington Health Foundation:
Kensington Health Foundation is a 2-star charity. The charity has a B Results Reporting grade, which is average. Its overhead spending is 40%, outside Ci’s reasonable range, and its reserve funds can cover just over 12 years and 4 months of annual program costs. This is outside Ci’s reasonable range. Before you give, please read Charity Intelligence’s report.
Founded in 1998, Kensington Health Foundation, formerly known as The Doctor’s Hospital Foundation, raises funds for Kensington Health Centre in downtown Toronto. Kensington Health Centre provides accessible healthcare to the community. The Centre provides 24/7 care for elderly and disabled people. It has an eye clinic and research department to address vision concerns. The charity also has tools to diagnose certain illnesses, such as its diagnostic imaging service. Kensington Health Foundation’s funding gives the Kensington Health Centre the ability to provide services beyond what the government funds.
Kensington Health Foundation’s funding goes towards four programs: Hospice, Kensington Health Centre, Community Care, and Clinics.
The Hospice program received 78% of program spending in F2024. In total, the Foundation spent $1.5m on Kensington Hospice, and $1.0m of this went towards expanding the program’s capacity. The facility has 19 beds.
In F2024, the Kensington Health Centre program received 11% of program spending. This program provides long-term care through Kensington Gardens, a 350-bed assisted living facility. The Centre also provides palliative care as needed.
In F2024, the Community Care received 8% of program spending. This program runs the Second Mile Club, which provides recreational spaces for elderly and disabled people.
The remaining 3% of program spending went towards its Clinics, such as Eye Care and Diagnostic Testing. Eye care includes the Kensington Eye Institute, Kensington Vision & Research Centre, and the Eye Bank of Canada. In F2024, these clinics performed 18,554 surgeries, with 1,453 sight restoring corneal transplants. In F2024, there were 84 active research studies and clinical trials through the Kensington Research Institute. Finally, the diagnostics department conducts mammograms, biopsies, ultrasounds, x-rays, and endoscopies.
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Results and Impact
The Community Care program conducted a survey to assess the quality of its services in F2023. It found that 78% of residents had an overall positive rating of Kensington Gardens, 70% of residents said that they liked the activities, and 80% of residents reported that their daily care needs were met.
This may not be a complete representation of Kensington Health Foundation’s results and impact.
This charity is not yet rated on impact (n/r), this does not impact its star rating.
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Finances
Kensington Health Foundation’s audited financial statements follow activity-based costing, a best practice. This means that its expenses are clearly defined between program, administration, and fundraising categories.
In F2024, Kensington Health Foundation reported $900k in Canadian donations, a 33% decrease from $1.4m in F2023. The Foundation earned $2.0m in rental income on a property that it owns.
It spent $358k on administration in F2024, which is 12% of revenue. It spent $251k on fundraising in F2024, which is 28% of donations. This results in total overhead spending of 40%, an increase from 25% in F2023. For every dollar donated, 60 cents are available to go to the cause. This is outside Ci’s reasonable range for overhead spending of 65 to 95 cents.
In F2024, the charity reported a surplus of $1.7m and recorded $41m in net funding reserves. Its reserves can cover 1237% or just over 12 years and 4 months. The charity also has an additional $4.4m in loans receivable from related parties.
In F2024, Kensington Health Foundation paid external fundraisers $300 to raise $32k for a cost of $0.01 per dollar raised.
Profile updated by Leah Holmes on June 13, 2025. This charity report is an update that has been sent to the charity for review. Comments and corrections may be forthcoming.
Financial Review
Fiscal year ending June
|
2024 | 2023 | 2022 |
---|---|---|---|
Administrative costs as % of revenues | 12.2% | 9.6% | 8.3% |
Fundraising costs as % of donations | 27.8% | 15.6% | 11.7% |
Total overhead spending | 40.0% | 25.2% | 20.0% |
Program cost coverage (%) | 1,236.8% | 1,876.1% | 615.2% |
Summary Financial StatementsAll figures in $000s |
2024 | 2023 | 2022 |
---|---|---|---|
Donations | 903 | 1,365 | 2,314 |
Business activities (net) | 2,027 | 2,089 | 1,948 |
Investment income | 2,693 | 3,097 | (612) |
Other income | 16 | 3 | 2 |
Total revenues | 5,640 | 6,555 | 3,652 |
Program costs | 1,394 | 992 | 916 |
Grants | 1,916 | 939 | 4,622 |
Administrative costs | 358 | 331 | 355 |
Fundraising costs | 251 | 213 | 270 |
Total spending | 3,920 | 2,475 | 6,163 |
Cash flow from operations | 1,720 | 4,080 | (2,511) |
Capital spending | 0 | (42) | 51 |
Funding reserves | 40,941 | 36,226 | 34,069 |
Note: Ci adjusted for grants which were included below the expense line in the audited financial statements. This affected expenses by $2.0m in F2024, $939k in F2023, and $4.6m in F2022.
Salary Information
$350k + |
1 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
1 |
$160k - $200k |
0 |
$120k - $160k |
2 |
$80k - $120k |
0 |
$40k - $80k |
0 |
< $40k |
1 |
Information from most recent CRA Charities Directorate filings for F2024
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Comments & Contact
Comments added by the Charity:
Comment received from the Kensington Health Foundation on August 13, 2025
The Kensington Health Foundation maintains a Reserve Fund that ensures a sufficient level of net assets without donor-restriction are available to support the day-to-day operations of the Foundation and Kensington Health, in the event of unforeseen shortfalls for a period of time. The Reserve Fund may also be used for one-time, nonrecurring expenses that will build long-term capacity at Kensington Health, such as investment in infrastructure. Ongoing revenues generated from the investments held in the Reserve Fund are allocated to support Kensington Health through planned funding allocations, including long-term investment in strategic priorities, annual operating grants for programming underfunded by the Ministry of Health and Long-Term care and one-time grants for capital improvements and debt financing.
The combined operating expenses for Kensington Health, excluding capital needs, was $72.3M in March 2024 and has increased from that time. The reserve represents just over a half year of operating costs. It is recommended that a reserve of approximately 3- 6 months of operating costs be maintained, but larger amounts are suggested in periods of larger projects or uncertainties.
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 416-964-3636