Rick Hansen Foundation
Richmond, BC V7B 0A2
Board Chair: Lyall Knott
CEO: Rick Hansen
Charitable Reg. #: 10765 9427 RR0001
Grade: C+The grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Cents to The Cause
Full-time staff #41
Avg. Compensation $72,172
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||2|
|$160k - $200k||2|
|$120k - $160k||2|
|$80k - $120k||3|
|$40k - $80k||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.
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
|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
|Goods in kind||43||68||6|
|Fees for service||210||214||280|
|Cash flow from operations||(1,502)||(957)||(1,357)|