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.
94%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 94 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, meaning it publically reports little information on its grants and their impact. The charity has $93.6m in funding reserves that can cover grants for over 28.8 years. Before you give, read Charity Intelligence’s report.
Founded in 1981, Lions Gate Hospital Foundation (LGHF) raises funds for health care centres in northern Vancouver. The main beneficiary is Lions Gate Hospital. LGHF also sponsors Cedarview Lodge, Evergreen House and seven other hospitals. LGHF focuses on enhancing patient care and purchasing new equipment to respond to advances in medical technology. In F2021, grants went to LGH NOW (an outpatient care centre), a medical and surgical care centre, surgical hospice expansion, fluoroscopy/x-ray machines, youth mental health unit and equipment, as well as other minor projects.
LGHF reported the purchase of a new CT scanner, which allowed the medical imaging department to perform over 20,000 CT scans each year. In addition, the palliative care team on the North Shore currently connects with about 800 patients yearly. LGHF is currently raising funds for a 225,000-square-foot medical and surgical centre which will open by 2023.
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Results and Impact
In F2019, Lions Gate Hospital Foundation reports that with the installation of the fluoroscopy unit, Lions Gate Hospital’s x-ray capacity has increased by as much as 50%, meaning speedier access to imaging for patients, and less waiting time for diagnosis.
While Ci highlights these key results, they may not be a complete representation of Lions Gate Hospital Foundation's results and impact.
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Finances
Lions Gate Hospital Foundation received donations and special event revenues of $33.5m in F2021. Administrative costs are 5% of revenues (excluding investment income) and fundraising costs are 1% of donations and special events fundraising. This means overhead costs are 6%. For every dollar donated, 94 cents go to the cause. This is within Ci’s reasonable range for overhead spending.
LGHF has total funding reserves of $93.6m, which excludes the $56.0 donor-endowed funds and the $83.2m expenses for the construction of the charity's new centre which will open in 2023. The charity's funding reserves can cover 28.8 years of program costs at the F2021 level.
This charity report is an update that has been sent to Lions Gate Hospital Foundation for review. Changes and edits may be forthcoming.
Updated on July 7, 2022 by Lin Zhu.
Financial Review
Fiscal year ending June
|
2021 | 2020 | 2019 |
---|---|---|---|
Administrative costs as % of revenues | 4.6% | 5.9% | 6.0% |
Fundraising costs as % of donations | 1.2% | 1.6% | 2.6% |
Total overhead spending | 5.8% | 7.5% | 8.6% |
Program cost coverage (%) | 2,881.4% | 3,389.6% | 1,806.4% |
Summary Financial StatementsAll figures in $000s |
2021 | 2020 | 2019 |
---|---|---|---|
Donations | 32,340 | 24,990 | 24,077 |
Special events | 1,177 | 1,371 | 2,638 |
Investment income | 10,502 | 3,476 | 4,183 |
Other income | 163 | 122 | 138 |
Total revenues | 44,181 | 29,958 | 31,036 |
Grants | 4,104 | 4,957 | 6,131 |
Administrative costs | 1,536 | 1,559 | 1,606 |
Fundraising costs | 408 | 430 | 701 |
Other costs | 228 | 236 | 247 |
Total spending | 6,277 | 7,182 | 8,685 |
Cash flow from operations | 37,905 | 22,776 | 22,351 |
Funding reserves | 93,573 | 138,218 | 114,642 |
Note: Ci has included all unrealized and realized gains from investments in its revenue calculation. As a result, revenues are affected by $6.8m in F2021, ($199k) in F2020, and $1.2m in F2019. In the calculation of funding reserves, Ci excluded the expenses for the construction of the charity's new centre which will open in 2023, affecting funding reserves by ($83.2m) in F2021.
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 F2021
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Comments & Contact
Comments added by the Charity:
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: (604) 984-5785