Royal Columbian Hospital Foundation
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔
FINANCIAL TRANSPARENCY
Most recent Audited financial statements available on the charity’s website.
D
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.
75%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 75 cents are available for programs.
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OVERVIEW
About Royal Columbian Hospital Foundation:
Royal Columbian Hospital Foundation is a 1-star, financially transparent charity. Its results reporting score is D, which is below average. Its overhead spending is within Ci’s reasonable range. Its reserve funds can cover six years and five months of annual program costs.
Founded in 1978, Royal Columbian Hospital Foundation (RCHF) raises money for the Royal Columbian Hospital (the Hospital) and the Fraser Health Authority. RCHF is in New Westminster, British Columbia. It reports that the population of BC the Hospital serves will grow by 36% by 2030 and will be primarily people aged over 80.
The foundation funds equipment purchases, renovations, research, and patient experience at the hospital. In F2023, it granted $6.3m to the Fraser Health Authority, a 37% decline from F2021. RCHF did not provide a spending breakdown of its programs on its website.
The charity reports that it received 800 NICU admissions, performed 800 neurosurgeries, and 5,500 heart catheterizations, and 939 open-heart surgeries. However, these statistics are undated and the charity does not provide any additional information about them.
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Results and Impact
Ci was unable to find properly quantified outcomes from the charity’s publicly reported results. This 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 F2023, Royal Columbian Hospital Foundation received $15.9m in donations. It also received $449k in international donations. Total overhead spending (combined administrative and fundraising costs) was 25%. For every dollar donated, 75 cents are available to go to the cause. This is within Ci’s reasonable range for overhead spending.
In F2023, RCHF had $41.6m in funding reserves. Included in these is $1.6m in donor-endowed funds. Excluding these funds, its reserves can cover six years and five months of annual program costs.
The charity’s auditors note that in F2022, the RCHF amalgamated with Queen's Park Healthcare Foundation.
Royal Columbian Hospital Foundation only makes its recent audited financial statements available for one year. Ci has scored it partially financially transparent.
This charity report is an update that has been sent to Royal Columbian Hospital Foundation for review. Changes and edits may be forthcoming.
Updated on August 22, 2024 by Stellar Zhang.
Financial Review
Fiscal year ending March
|
2023 | 2022 | 2021 |
|---|---|---|---|
| Fundraising & admin costs as % of revenues | 24.5% | 25.1% | 21.7% |
| Total overhead spending | 24.5% | 25.1% | 21.7% |
| Program cost coverage (%) | 638.7% | 407.9% | 279.8% |
Summary Financial StatementsAll figures in $000s |
2023 | 2022 | 2021 |
|---|---|---|---|
| Donations | 15,925 | 12,643 | 10,410 |
| International donations | 449 | 359 | 63 |
| Government funding | 493 | 493 | 493 |
| Lotteries (net) | 349 | 290 | 106 |
| Business activities (net) | 300 | 700 | 330 |
| Investment income | 596 | 1,717 | 4,562 |
| Other income | (316) | (391) | 180 |
| Total revenues | 17,795 | 15,811 | 16,143 |
| Program costs | 0 | 0 | 0 |
| Grants | 6,336 | 8,206 | 10,110 |
| Fundraising & administrative costs | 4,221 | 3,542 | 2,515 |
| Total spending | 10,557 | 11,748 | 12,625 |
| Cash flow from operations | 7,238 | 4,062 | 3,518 |
| Capital spending | 0 | 0 | 0 |
| Funding reserves | 41,582 | 34,738 | 29,627 |
Note: Ci included grants to the Fraser Health Authority within expenses, increasing it by $6.3m in F2023, $8.2m in F2022, and $10.1m in F2021. Ci included international donations from the charity’s T3010 filing with the CRA and removed the amount from domestic donations.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
1 |
$160k - $200k |
0 |
$120k - $160k |
2 |
$80k - $120k |
5 |
$40k - $80k |
2 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2021
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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: 604-520-4438