Lions Gate Hospital Foundation
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.
D
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.
91%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 91 cents are available for programs.
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OVERVIEW
About Lions Gate Hospital Foundation:
Lions Gate Hospital Foundation is a 1-star charity. It has a D in results reporting, which is below average. The charity has $206m in reserve funds which can cover grants for over 22 years. For every dollar donated, 91 cents are available to go toward the cause. In F2023, 38 cents of each dollar raised was granted.
Founded in 1981, Lions Gate Hospital Foundation (LGHF) raises funds for health care centres in northern Vancouver. The foundation aims to improve and save lives by transforming health care on the North Shore. In fiscal 2023 (year ended June), LGHF gave $9.6m to Vancouver Coastal Health Authority. Vancouver Coastal Health operates more than 120 locations including Lions Gate Hospital. The hospital provides a full range of general and specialized care services including general medicine, emergency care, surgery, maternity, chemotherapy, palliative care, and neurosurgery. Lions Gate Hospital also has a lab department that provides services for over 30,000 people annually.
In F2023, $2.9m (30%) of the grant went towards the Emergency Department Mental Health Campaign. Lions Gate Hospital hopes this campaign will fund an upgrade to provide rapid access to specialized mental health services. $2.0m (21%) went towards surgery fees. $987k (10%) went towards the ADHD Pilot Program. In F2023, $401k (4%) of the granted money went towards hospice and palliative care. The money went towards providing the 15 rooms with a digital upgrade. See note 10 in the 2023 audited financial statements for the rest of the specific fund allocations.
LGHF is currently raising funds for the Paul Myers Tower. This is the biggest campaign in the Foundation’s history. The building will have eight operating rooms, 39 post-operative units, and 108 patient beds in 84 single rooms with private ensuite washrooms. Lions Gate Hospital Foundation hopes that the Paul Myers Tower will be completed in 2024, and the first patients will be admitted in early 2025.
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Results and Impact
Charity Intelligence found Lions Gate Hospital Foundation reported stories but few results on its work. This may not be a complete representation of Lions Gate Hospital Foundation’s results and impact. This charity is not yet rated on impact (n/r).
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Finances
Lions Gate Hospital Foundation received $25.2m in donations and special events revenue in F2023. This is a 20% increase from the $21.0m of donations and special events received in F2022. In F2023, LGHF also received $5.8m in investment income. Administrative costs are 6% of revenue (excluding investment income) and fundraising costs are 3% of donations and special events fundraising. Overhead costs are 9% meaning that for every dollar donated 91 cents are available to go toward the cause. In F2023, 38 cents of every donated dollar went towards the cause.
Lions Gate Hospital Foundation has total reserve funds of $206.2m, excluding the $60.3m of donor-endowed funds. The charity’s reserve funds can cover 22.1 years of program costs.
Profile updated by Abby Stout on June 12, 2024.
Financial Review
Fiscal year ending June
|
2023 | 2022 | 2021 |
|---|---|---|---|
| Administrative costs as % of revenues | 6.3% | 6.9% | 4.6% |
| Fundraising costs as % of donations | 2.7% | 3.0% | 1.2% |
| Total overhead spending | 8.9% | 9.8% | 5.8% |
| Program cost coverage (%) | 2,214.1% | 1,299.4% | 2,881.4% |
Summary Financial StatementsAll figures in $000s |
2023 | 2022 | 2021 |
|---|---|---|---|
| Donations | 25,155 | 21,029 | 32,340 |
| Special events | 1,997 | 1,662 | 1,177 |
| Investment income | 5,797 | 4,247 | 3,671 |
| Other income | 212 | 114 | 163 |
| Total revenues | 33,161 | 27,052 | 37,351 |
| Grants | 9,603 | 12,536 | 4,104 |
| Administrative costs | 1,720 | 1,563 | 1,536 |
| Fundraising costs | 723 | 678 | 408 |
| Other costs | 290 | 296 | 228 |
| Total spending | 12,336 | 15,074 | 6,277 |
| Cash flow from operations | 20,826 | 11,978 | 31,074 |
| Capital spending | 0 | 0 | 0 |
| Funding reserves | 206,162 | 182,027 | 93,573 |
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
1 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
1 |
$80k - $120k |
1 |
$40k - $80k |
7 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2023
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Comments & Contact
Comments added by the Charity:
Charity Contact
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