Montréal Sacré-Coeur Hospital 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.
C
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.
64%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 64 cents are available for programs.
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OVERVIEW
About Montréal Sacré-Coeur Hospital Foundation:
Montréal Sacré-Coeur Hospital Foundation is a 2-star charity. It has a C Results Reporting grade, which is below average. Its overhead spending is outside of Ci’s reasonable range. The charity’s reserves can cover program costs for over 18 years, which is well outside of Ci’s reasonable range.
Founded in 1976, Montréal Sacré-Coeur Hospital Foundation (MSCHF) raises money for Montreal Sacré-Coeur Hospital and Albert-Prévost Mental Health Hospital. Sacré-Coeur Hospital had around 65,000 emergency room visits and 20,000 hospital admissions in 2024. Albert-Prévost had 3,380 emergency room visits and 1,300 hospital admissions. The charity grants funds to the hospitals to purchase equipment, support researchers, and train medical students. MSCHF granted $4.3m to the hospitals in 2024.
Sacré-Coeur Hospital purchased a new ultrasound machine, 16 fetal monitors, and a mobile incubator for the Family Birthing Centre. The hospital upgraded an ultrasound system by purchasing two X8-2t transesophageal echocardiography (TEE) probes. These are mostly used in heart surgery.
The charity reports that Sacré-Coeur Hospital has roughly 200 regular and associate researchers. It highlights two research projects in its 2024 annual report. Dr. Jean-Samuel Boudreault Pedneault is researching new drugs and treatments for multiple myeloma cancer. Dr. Bernard Lespérance is leading a project that collects and centralizes data from thousands of cancer patients. Each year, around 3,000 patients are added to the database.
The charity funded Sacré-Coeur Hospital’s purchase of two patient simulators. They cost $142k in total. The mannequins are used to train students in complex clinical scenarios.
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Results and Impact
514 338-2303
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Finances
Montréal Sacré-Coeur Hospital Foundation’s audited financial statements follow activity-based costing, a best practice. MSCHF received $7.2m in donations and $1.4m in special event revenue in 2024. The total of $8.6m is 45% of revenue. It received $10.6m in investment income.
The charity granted $4.3m to the hospitals in 2024. It ran a surplus of $11.8m, which is 61% of revenue. MSCHF spent $1.4m on fundraising, which is 17% of donations, and $1.7m on administration, which is 20% of revenue. For every dollar donated to the charity, 64 cents are available to go to the cause. This is outside of Ci’s reasonable range.
MSCHF has $79.2m in its reserves (cash and investments), and $5.2m is donor endowed. Excluding donor-endowed funds, the charity’s reserves can cover program costs for just under 18 years and three months. This is well outside of Ci’s reasonable range.
Updated on August 1, 2025 by Joshua Leduc. This update has been sent to the charity and changes may be forthcoming.
Financial Review
Fiscal year ending December
|
2024 | 2023 | 2022 |
|---|---|---|---|
| Administrative costs as % of revenues | 19.6% | 20.4% | 23.3% |
| Fundraising costs as % of donations | 16.6% | 17.3% | 24.5% |
| Total overhead spending | 36.1% | 37.7% | 47.8% |
| Program cost coverage (%) | 1,823.3% | 1,139.3% | 2,703.5% |
Summary Financial StatementsAll figures in $000s |
2024 | 2023 | 2022 |
|---|---|---|---|
| Donations | 7,182 | 7,418 | 4,668 |
| Government funding | 0 | 0 | 0 |
| Business activities (net) | 0 | 0 | 0 |
| Special events | 1,404 | 1,066 | 1,598 |
| Investment income | 10,605 | 6,170 | (1,452) |
| Total revenues | 19,192 | 14,654 | 4,814 |
| Program costs | 0 | 0 | 0 |
| Grants | 4,317 | 5,687 | 2,327 |
| Administrative costs | 1,679 | 1,730 | 1,460 |
| Fundraising costs | 1,424 | 1,465 | 1,535 |
| Cash flow from operations | 11,772 | 5,772 | (508) |
| Capital spending | 1 | 5 | 3 |
| Funding reserves | 79,163 | 67,003 | 61,109 |
Note: 1. Ci adjusted for deferred funding, which affected donations by ($82k) in 2024, ($12k) in 2023, and $97k in 2022. 2. Ci included investment income net of investment management fees, which affected revenue and expenses by ($468k) in 2024, ($415k) in 2023, and ($362k) in 2022.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
1 |
$120k - $160k |
0 |
$80k - $120k |
2 |
$40k - $80k |
7 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2023
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Comments & Contact
Comments added by the Charity:
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel #: 514-338-2303