Queensway Carleton 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.
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.
76%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 76 cents are available for programs.
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OVERVIEW
About Queensway Carleton Hospital Foundation:
Queensway Carleton Hospital Foundation is a 4-star, financially transparent charity. Its results reporting score is B+, which is above average. Its overhead spending is within Ci’s reasonable range. Its reserve funds can cover one year and five months of annual program costs.
Founded in 1976, Queensway Carleton Hospital Foundation (QCHF) is the fundraising arm of the Queensway Carleton Hospital (QCH). The hospital has 355 beds and is in the west end of Ottawa, Ontario. It serves 50% of the population of Ottawa.
In F2024, QCHF distributed $7.4m in grants. These went to equipment and medical devices, mental health projects, and education.
Equipment and medical devices were 76% of grants ($5.5m) in F2024. QCHF reports that the hospital had 20,595 day surgery cases; 83,050 emergency visits; and 69,087 patient days. It also facilitated 2,465 births.
The Mental Health Renew project was 10% of grants ($731k) in F2024. In F2024, the hospital had 12,753 mental health inpatients.
Education was 10% of grants ($716k) in F2024. The charity does not report any results of this granting.
The remaining 4% of program spending were surgical suite updates and its Building Space Between the Walls renovation project.
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Results and Impact
Queensway Carleton Hospital Foundation reports that its newly built short-stay unit reduces the number of people staying overnight in the emergency department by 15 per night.
While Ci highlights these key results, they may not be a complete representation of the charity’s results and impact. This charity is not yet rated on impact (n/r).
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Finances
In F2024, Queensway Carleton Hospital Foundation received $4.8m in donations. It also collected $3.1m in net business activity revenue, primarily parking operations. Total overhead spending (combined administrative and fundraising) was 24%. For every dollar donated, 76 cents are available to go to the cause. This is within Ci’s reasonable range for overhead spending.
In F2024, QCHF had $10.6m in funding reserves. These reserves can cover one year and five months of annual program costs.
This charity report is an update that has been sent to Queensway Carleton Hospital Foundation for review. Changes and edits may be forthcoming.
Updated on August 22, 2024 by Stellar Zhang.
Financial Review
Fiscal year ending March
|
2024 | 2023 | 2022 |
|---|---|---|---|
| Fundraising & admin costs as % of revenues | 24.3% | 24.9% | 23.3% |
| Total overhead spending | 24.3% | 24.9% | 23.3% |
| Program cost coverage (%) | 143.2% | 173.7% | 201.2% |
Summary Financial StatementsAll figures in $000s |
2024 | 2023 | 2022 |
|---|---|---|---|
| Donations | 4,807 | 5,079 | 5,703 |
| Business activities (net) | 3,137 | 2,535 | 2,277 |
| Investment income | 876 | 147 | 156 |
| Total revenues | 8,821 | 7,761 | 8,136 |
| Grants | 7,398 | 6,356 | 5,622 |
| Fundraising & administrative costs | 1,932 | 1,898 | 1,859 |
| Other costs | 0 | 8 | 60 |
| Total spending | 9,330 | 8,262 | 7,542 |
| Cash flow from operations | (510) | (501) | 594 |
| Capital spending | 0 | 0 | 0 |
| Funding reserves | 10,594 | 11,039 | 11,313 |
Note: Ci adjusted grants by amount due to the hospital, affecting it by $31k in F2024, $70k in F2023, and $229k in F2022. Ci adjusted investment income for investment fees, affecting it by $21k in F2024, $21k in F2023, and $22k in F2022. Ci re-allocated parking and gift shop expenses to revenue to report business activities net, affecting it by $2.2m in F2024, $2.0m in F2023, and $1.5m in F2022. Ci included grants in expenses, affecting it by $7.4m in F2024, $6.3m in F2023, and $5.6m in F2022. Ci adjusted revenue for deferred donations, affecting it by $2k in F2024, $2k in F2023, and $2k in F2022.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
1 |
$200k - $250k |
1 |
$160k - $200k |
0 |
$120k - $160k |
2 |
$80k - $120k |
5 |
$40k - $80k |
1 |
< $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: 613-721-4731