Rick Hansen Foundation
Richmond, BC V7B 0A2
Board Chair: Lyall Knott
CEO: Rick Hansen
Website: www.rickhansen.com
Charitable Reg. #: 10765 9427 RR0001
Charity Rating
Donor Accountability
Grade: C+
The grade is based on the charity's public reporting of the work it does and the results it achieves.Financial Transparency
Need for Funding
Spending Breakdown
Full-time staff #41
Avg. Compensation $72,172
Top 10 Staff Salary Range
| $350k + | 1 |
| $300k - $350k | 0 |
| $250k - $300k | 0 |
| $200k - $250k | 2 |
| $160k - $200k | 2 |
| $120k - $160k | 2 |
| $80k - $120k | 3 |
| $40k - $80k | 0 |
| < $40k | 0 |
About Rick Hansen Foundation:
In 1985, Rick Hansen embarked on the Man in Motion World Tour to raise funds for spinal cord injury research and rehabilitation. He wheeled over 40,000 km, and raised $26m. After the tour, the Rick Hansen Foundation was created in 1988 to continue raising funds and awareness to create a world without barriers for people with disabilities. The charity is focused on raising awareness, building accessible spaces, and improving medical treatments for people with disabilities. In F2015, the charity's program costs were $15.6m: $12.4m in spinal cord research, $1.1m in accessibility solutions, $921k in school programs, $753k in awareness campaigns, and $370k on staff wages and travel.
Financial Review:
In F2015, the Rick Hansen Foundation's administrative costs were 8% of revenues, while fundraising costs were 86% of donations. Total overhead costs of 94% fall well outside of Ci's reasonable range. Donations and special events revenue combined fell from $3.1m in F2013 to $1.7m in F2015, causing fundraising costs as a percentage of donations to increase from 57% to 86%. The foundation has funding reserves of $14.8m, including donor-endowed funds of $103k. The funding reserve excluding donor-endowed funds can cover annual grants and programs for 11 months.
Analysis updated by Ruoxi Gao in 2016, currently under review by the Rick Hansen Foundation.
Financial RatiosFiscal year ending March |
2015 | 2014 | 2013 |
|---|---|---|---|
| Administrative costs as % of revenues | 8.4% | 10.4% | 11.7% |
| Fundraising costs as % of donations | 85.8% | 65.7% | 56.5% |
| Program cost coverage (%) | 94.7% | 142.1% | 130.3% |
Summary Financial StatementsAll figures in $000s |
2015 | 2014 | 2013 |
|---|---|---|---|
| Donations | 1,532 | 1,633 | 2,541 |
| Goods in kind | 43 | 68 | 6 |
| Government funding | 12,920 | 8,622 | 9,684 |
| Fees for service | 210 | 214 | 280 |
| Special events | 172 | 20 | 570 |
| Investment income | 1,913 | 1,668 | 1,194 |
| Total revenues | 16,790 | 12,225 | 14,274 |
| Program costs | 15,585 | 10,996 | 12,346 |
| Administrative costs | 1,245 | 1,100 | 1,526 |
| Fundraising costs | 1,462 | 1,086 | 1,759 |
| Cash flow from operations | (1,502) | (957) | (1,357) |
| Funding reserves | 14,764 | 15,629 | 16,081 |
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The information in this report was prepared by Charity Intelligence Canada and its independent analysts from publically-available information. Charity Intelligence Canada and its analysts have made endeavours to ensure that the data in this report is accurate and complete but accept no liability. No attempt has been made to examine the effectiveness of the charities' programs.
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