Matthews House Hospice
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.
90%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 90 cents are available for programs.
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Programs
About Matthews House Hospice:
Matthews House Hospice (MHH) is in Alliston, Ontario and services people from or with family from Simcoe County and surrounding communities. For those with life-threatening illnesses, MHH offers residential hospice care in which people live at the hospice until they pass away; in-home palliative care offering support to caregivers and providing comfort to those with life-threatening illnesses; and wellness programs like yoga, meditation, and art therapy. The charity also provides bereavement support for people suffering with grief after they have lost a loved one.
As South Simcoe’s only residential hospice, Matthews House Hospice expanded from a four-bed residential hospice in 2013 to a new 2,508 square-metre residential and community hospice with ten beds opened in July 2018. Prior to the new building, the charity’s community services – with counselling and support groups – were in a building separate to its residential hospice. Community services are available to anyone in the community. All the charity’s services are provided for free. In F2017, the charity reports that there were 241 deaths during the year with MHH, the average length of stay was 10 days, and the average cost of stay was $4,170.
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Finances
Matthews House Hospice is a medium-sized charity with $2.4m in donations and special events revenues in F2017. Donations were significantly higher than $798k in F2016 due to the capital campaign to fund the new hospice. In F2017, MHH’s administrative costs were 4% of revenues and donations were 6% of fundraising costs. For every dollar donated, 90 cents go the cause, falling within Ci’s reasonable range for overhead spending. Cost efficiencies were much higher in F2017 than prior years because of increased donations from the capital campaign.
MHH has funding reserves of $2.3m in F2017, which can cover annual program costs for 2.2 years. Program cost coverage is higher than past years, largely due to a $1.6m increase from F2016 in restricted cash and term deposits mainly used to fund the new hospice.
This charity report is an update that has been sent to Matthews House Hospice for review. Changes and edits may be forthcoming.
Updated August 17, 2018 by Joeyanne Cheung.
Financial Review
Fiscal year ending March
|
2017 | 2016 | 2015 |
|---|---|---|---|
| Administrative costs as % of revenues | 4.2% | 9.6% | 8.8% |
| Fundraising costs as % of donations | 5.8% | 13.5% | 11.0% |
| Program cost coverage (%) | 225.0% | 108.8% | 137.8% |
Summary Financial StatementsAll figures in $s |
2017 | 2016 | 2015 |
|---|---|---|---|
| Donations | 2,054,666 | 303,095 | 423,746 |
| Government funding | 564,051 | 222,369 | 90,069 |
| Special events | 374,318 | 494,487 | 341,938 |
| Other income | 3,017 | 3,789 | 3,162 |
| Total revenues | 2,996,052 | 1,023,740 | 858,915 |
| Program costs | 1,014,165 | 750,065 | 555,040 |
| Administrative costs | 126,629 | 97,746 | 75,439 |
| Fundraising costs | 140,425 | 107,707 | 84,348 |
| Cash flow from operations | 1,714,834 | 68,223 | 144,089 |
| Funding reserves | 2,281,393 | 815,695 | 764,667 |
Note: Ci adjusted for deferred revenues net of those from the government, increasing revenues by $1.7m in F2017, $3k in F2016, and $28k in F2015. Ci reported program, administrative, and fundraising costs as per the charity’s CRA T3010 filings. Ci removed amortization from program, administrative, and fundraising costs on a pro-rated basis.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
1 |
$40k - $80k |
6 |
< $40k |
3 |
Information from most recent CRA Charities Directorate filings for F2017
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Comments & Contact
Comments added by the Charity:
Charity Contact
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