Cape Breton Regional 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.
71%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 71 cents are available for programs.
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OVERVIEW
About Cape Breton Regional Hospital Foundation:
Cape Breton Regional Hospital Foundation is a 2-star charity. It has a results reporting grade of D+, which is below average and can fund its programs for over eight years with its reserve funds. For every dollar donated, 71 cents are available to go to the cause.
Founded in 1995, Cape Breton Regional Hospital Foundation (CBRHF) is the fundraising organization for Nova Scotia Health Authority (NSHA). NSHA includes Cape Breton Regional Hospital, the regional referral and trauma centre for Cape Breton Island, as well as New Waterford Consolidated Hospital and Glace Bay General Hospital. CBRHF reported three programs within its audited financial statements: Patient Care and Support, Equipment, and Grants to Other Organizations.
Patient Care and Support: CBRHF spent $830k on its Patient Care and Support program, representing 53% of program spending in F2022. Cape Breton Regional Hospital reports approximately 600,000 patient visits each year. The Cape Breton Cancer Centre, part of Cape Breton Regional Hospital, receives more than 45,000 patients each year. The Tom MacNeil Cancer Patient Care Fund helps between 45-60 cancer patients each month.
Equipment: CBRHF spent $576k on its Equipment program, representing 37% of total program spending in F2022. CBRHF received a new echocardiogram in February 2022. In F2022, more than 2,000 patients used the machine.
Grants to Other Organizations: CBRHF spent $150k on grants to other organizations, representing 10% of total program spending in F2022. Cape Breton Regional Hospital Foundation did not report on this program in F2022.
Cape Breton Regional Hospital Foundation is in the process of building a new cancer centre. This centre is expected to provide nine new pieces of equipment, seven clinical exam rooms, four spaces for counselling, four medical day unit spaces, 11 chemotherapy seats, and one research and clinical trials space.
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Results and Impact
The charity did not report any quantified results related to its programs.
This charity is not yet rated on impact (n/r).
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Finances
CBRHF received $4.2m in donations and special event revenues in F2022. Its administrative costs were 11% of revenue (excluding investment income) and its fundraising costs were 18% of donations. This results in total overhead spending of 29%. For every dollar donated, 71 cents are available to go to the cause. This is within Ci’s reasonable range of overhead spending.
The charity has $16.2m in reserve funds, $5.8m is donor endowed. Excluding donor-endowed funds, CBRHF’s reserve funds can cover 853%, or eight years and six months of its annual program costs. This is a significant decrease compared to F2021, where reserve funds could cover 1,990%. This change is due to lower than average granting in F2021.
This report is an update that was sent to Cape Breton Regional Hospital Foundation for review. Changes and edits may be forthcoming.
Updated on June 7th, 2023 by Liam Chapleau.
Financial Review
Fiscal year ending December
|
2022 | 2021 | 2020 |
|---|---|---|---|
| Administrative costs as % of revenues | 11.0% | 13.0% | 26.6% |
| Fundraising costs as % of donations | 17.6% | 20.8% | 24.5% |
| Total overhead spending | 28.5% | 33.8% | 51.1% |
| Program cost coverage (%) | 853.5% | 1,787.9% | 869.7% |
Summary Financial StatementsAll figures in $000s |
2022 | 2021 | 2020 |
|---|---|---|---|
| Donations | 3,820 | 2,797 | 1,669 |
| Government funding | 0 | 76 | 100 |
| Special events | 397 | 257 | 49 |
| Investment income | (1,202) | 2,024 | (386) |
| Total revenues | 3,016 | 5,154 | 1,431 |
| Program costs | 0 | 0 | 0 |
| Grants | 1,516 | 848 | 1,041 |
| Administrative costs | 463 | 407 | 483 |
| Fundraising costs | 741 | 635 | 421 |
| Total spending | 2,720 | 1,890 | 1,944 |
| Cash flow from operations | 296 | 3,263 | (513) |
| Capital spending | 0 | 0 | 0 |
| Funding reserves | 16,238 | 15,891 | 12,606 |
Note: Ci adjusted for changes in grants payable to Nova Scotia Health Authority, affecting total expenses by ($40k) in F2022, $25k in F2021, and ($47k) in F2020. The charity reported net special events within revenues. Ci subtracted expenses from special events, increasing revenues and expenses by $196k in F2022, $126k in F2021, and $10k in F2020. The charity reported changes in deferred revenues of ($2k) in F2022, $67 in F2021, and ($3k) in F2020. Ci accounted for changes in deferred revenue, but were negligible, as it accounted for 0% of total donations.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
1 |
$120k - $160k |
0 |
$80k - $120k |
0 |
$40k - $80k |
6 |
< $40k |
2 |
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: (902) 567-7752