Hospice Toronto
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✖
FINANCIAL TRANSPARENCY
Audited financial statements available only through official request for information from Charities Directorate.
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.
84%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 84 cents are available for programs.
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OVERVIEW
About Hospice Toronto:
Hospice Toronto is a two-star charity with a below average results reporting grade and low funding reserves that can cover less than a year of program costs. The charity has reasonable overhead spending but is not financially transparent.
Founded in 1988, Hospice Toronto (HTOR) is a charity that provides medical care and support to people living with life-limiting illnesses. HTOR was Toronto’s first not-for-profit, volunteer-based, in-home palliative care provider. The charity provides care using a team model, where a care team of spouses, families, doctors, nurses, and volunteers works together to help someone with a serious illness. HTOR helps set up care teams and supplements them with skilled volunteers. Its main charitable programs are In-Home Support, Club Connection, and Bereavement Support. In F2021, it also started delivering food hampers to vulnerable families who struggled financially during the pandemic. During the year, the charity spent $1.9m on its programs. It spent $520k (27% of program spending) on its food hamper initiative. HTOR did not disclose a spending breakdown of its other programs.
The In-Home Support program provides palliative care to people from the comfort of their own homes. In F2021, HTOR provided 20,782 total hours of care to 665 hospice patients. The Club Connection program is a community-based day program that offers people living with serious illnesses a space to interact with one another. Activities in this program include peer-based support sessions, music and movement classes, expressive arts therapy, and mindfulness sessions. This program is currently offered online due to the covid-19 pandemic. In F2021, 3,275 people received group programming support. The Bereavement Support program helps people who have lost a loved one cope with their grief. Hospice Toronto offers people short-term individual sessions with a client service coordinator, peer-based grief support groups, and one-on-one support calls with volunteers.
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Results and Impact
In F2021, Hospice Toronto reports that it delivered 16,000 hot meals and food hampers to families in need.
While Ci highlights these key results, they may not be a complete representation of Hospice Toronto’s results and impact.
This charity is not yet rated on impact (n/r).
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Finances
In F2021, Hospice Toronto received $789k in Canadian donations, representing a 52% increase from F2020. The charity also received $1.3m in government funding (60% of total revenue) and earned $112k in investment income (5% of total revenue) during the year.
Administrative costs are 7% of total revenue excluding investment income. Fundraising costs are 10% of donations. This results in total overhead spending of 17%. For every dollar donated to the charity, 83 cents go to the cause. This is within Ci’s reasonable range for overhead spending. Hospice Toronto has $947k in net funding reserves which can cover annual program costs for around six months.
This charity report is an update that has been sent to Hospice Toronto for review. Changes and edits may be forthcoming.
Updated on July 19th, 2022 by Arjun Kapur.
Financial Review
Fiscal year ending March
|
2021 | 2020 | 2019 |
---|---|---|---|
Administrative costs as % of revenues | 6.7% | 10.4% | 10.2% |
Fundraising costs as % of donations | 9.8% | 37.3% | 52.5% |
Total overhead spending | 16.5% | 47.7% | 62.6% |
Program cost coverage (%) | 48.8% | 62.8% | 67.6% |
Summary Financial StatementsAll figures in $s |
2021 | 2020 | 2019 |
---|---|---|---|
Donations | 788,689 | 518,073 | 211,104 |
Government funding | 1,345,295 | 1,314,636 | 1,432,909 |
Investment income | 112,104 | (3,913) | 39,924 |
Other income | 2,850 | 0 | 0 |
Total revenues | 2,248,938 | 1,828,796 | 1,683,937 |
Program costs | 1,939,084 | 1,530,668 | 1,556,960 |
Administrative costs | 144,076 | 190,610 | 166,960 |
Fundraising costs | 76,980 | 193,253 | 110,754 |
Total spending | 2,160,140 | 1,914,531 | 1,834,674 |
Cash flow from operations | 88,798 | (85,735) | (150,737) |
Capital spending | 24,363 | 0 | 0 |
Funding reserves | 947,151 | 961,892 | 1,052,490 |
Note: Ci adjusted for deferred donations, affecting revenues by ($250k) in F2021, F2020, and F2019. There is a discrepancy between the values for Partnership and Community Contributions on the statement of operations and financial note six. Ci used the value on the statement of operations to report donations.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
1 |
$120k - $160k |
0 |
$80k - $120k |
1 |
$40k - $80k |
3 |
< $40k |
3 |
Information from most recent CRA Charities Directorate filings for F2021
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Comments & Contact
Comments added by the Charity:
Charity Contact
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