Kensington Health Foundation is a 1-star rated charity that has best practice in financial transparency and below average accountability to donors as seen in the C results reporting grade. The charity has a high program cost coverage ratio at 1052% and can cover over ten years of granting with current funding reserves. The charity's overhead spending of 42 cents per dollar is outside Ci's reasonable range.

Since 1998, Kensington Health Foundation has been fundraising for equipment, research, renovations, and programs at Kensington Health organizations and the surrounding community in Toronto to provide services beyond what the government funds. Kensington Health is a system of non-profit organizations that provide health and community care. Services include long-term, hospice and community care, cancer screening, medical and surgical eye care, and eye tissue processing for transplant. 

In F2021, Kensington Health Foundation provided 99% of its grants to Kensington Health Centre ($3.0m). This funding has facilitated 10,118 eye surgeries, 38,458 eye care patient visits and 1,496 ocular tissues released for transplantation. The Health Centre also reports 19,000 diagnostic imaging patient visits and 3,640 screening patient visits. In F2021, the Health Centre reports 57 active research studies, 520 virtual community programs and 9,011 virtual garden visits. The Centre also reports serving 426 long-term care residents, 111 hospice residents and 874 clients in the greater community.

In F2021, the remainder of funding was provided to Kensington Eye Institute.

Construction is currently underway on an expansion for the Kensington Hospice. Set to complete in September 2022, it will increase facilities, residential suites, and services.

In F2021, Kensington Health Foundation reported $993k in donations, down 38% from F2020. The foundation also earns income through investments, accounting for 56% of revenues at $3.7m in F2021. Real estate income accounted for 28% of revenues at $1.8m. Administrative costs are 15% of revenues (less investment income) and fundraising costs are 28% of donations. As such, for every dollar donated, 58 cents go to the cause. This is outside Charity Intelligence’s reasonable range for overhead spending.

The charity has total funding reserves of $40.3m. This can cover annual program costs for 10 and a half years at the F2021 level.  

Kensington Health Foundation paid external fundraisers $367 in F2021 to raise $34k for a cost of $0.01 per dollar raised.

This charity report is an update that has been sent to Kensington Health Foundation for review. Comments and edits may be forthcoming.

Updated July 11, 2022 by Angelina Curwin