Rick Hansen Institute
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.
A-
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.
98%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 98 cents are available for programs.
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Programs
About Rick Hansen Institute:
Founded in 2010, Rick Hansen Institute (RHI) was formed through the merging of: SCI Solutions Alliance, Rick Hansen SCI Registry, and SCI Translational Research Network. RHI mission is to create a world where nobody lives with paralysis after a spinal cord injury (SCI). In Canada, there is an estimated 86,000 people living with a spinal cord injury.
RHI runs four main programs: Cure, Consumer, Care and Commercialization. In F2018, RHI spent $10.1m on its programs. The Cure program represented 64% of spending, the Consumer program represented 19% of spending, the care program represented 10% of spending and the commercialization program represented 6% of spending.
Cure focuses on understanding the biological effects of spinal cord injuries and works to develop new treatment methods. The charity’s Consumer program works to involve more patients in research to improve knowledge and increase awareness about SCI’s. The program informs people with SCI about treatment options so they can make informed health decisions. RHI’s Care program focuses on the creation and implementation of best practices and standard care for people with SCI to prevent complications after the injury. Lastly, the Commercialization program focuses on increasing investment into the development of new therapies, medical devices and applications for people with SCI’s.
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Results and Impact
In F2018, RHI’s research team had their findings published in a special issue of the Journal of Neurotrauma. The Journal of Neurotrauma is a peer-reviewed medical journal that is officially recognized by the National Neurotrauma Society and the International Neurotrauma Society.
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Finances
Rick Hansen Institute is a large charity receiving $6.0m in donations in F2018. The majority of the organization’s funding comes from the Rick Hansen Foundation. In F2018, RHI received $5.95m in donations from the Rick Hansen Foundation, which represented almost 99% of all donations received in F2018.
Administrative costs are 2% of revenues. For every dollar donated, 98 cents go to its programs. This is outside Ci’s reasonable range for overhead expenditures. RCI has net funding reserves of $3.2m. This can cover program costs for almost 4 months.
This charity report is an update that is being reviewed by Rick Hansen Institute. Changes and edits may be forthcoming.
Updated on August 9, 2019 by Stefan Tetzlaff.
Financial Review
Fiscal year ending March
|
2018 | 2017 | 2016 |
|---|---|---|---|
| Administrative costs as % of revenues | 2.2% | 4.2% | 3.3% |
| Fundraising costs as % of donations | 0.0% | 0.2% | 0.4% |
| Total overhead spending | 2.2% | 4.5% | 3.7% |
| Program cost coverage (%) | 32.1% | 43.1% | 65.5% |
Summary Financial StatementsAll figures in $000s |
2018 | 2017 | 2016 |
|---|---|---|---|
| Donations | 6,016 | 11,063 | 11,854 |
| Government funding | 12,430 | 0 | 0 |
| Investment income | 51 | 64 | 38 |
| Other income | 33 | 61 | 36 |
| Total revenues | 18,529 | 11,188 | 11,928 |
| Program costs | 10,075 | 10,025 | 10,277 |
| Grants | 26 | 249 | 249 |
| Administrative costs | 401 | 471 | 387 |
| Fundraising costs | 0 | 26 | 52 |
| Total spending | 10,502 | 10,771 | 10,965 |
| Cash flow from operations | 8,027 | 417 | 963 |
| Funding reserves | 3,239 | 4,426 | 6,891 |
Note: Ci removed depreciation of capital assets from program costs reducing expenses by $51k in F2018, $67k in F2017 and $81k in F2016. Ci recognized deferred contributions reducing donations by $1.5m in F2018 and increasing donations by $346k in F2017 and $936k in F2016. Ci recognized deferred government contributions increasing government funding by $9.5m in F2018. On February 27, 2018, the Federal Government committed $23.6m to RHI as part of their 2018 budget. This amount is not reflected in the financial statements.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
1 |
$200k - $250k |
0 |
$160k - $200k |
1 |
$120k - $160k |
3 |
$80k - $120k |
5 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2018
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Comments & Contact
Comments added by the Charity:
Charity Contact
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