Queensway Carleton 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.
B
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.
84%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 84 cents are available for programs.
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OVERVIEW
About Queensway Carleton Hospital Foundation:
Queensway Carleton Hospital Foundation is a 4-star, financially transparent charity. Its results reporting score is B, which is above/below average. Its overhead spending is within Ci’s reasonable range. Its reserve funds can cover one year and nine months of annual program costs.
Founded in 1976, Queensway Carleton Hospital Foundation (QCHF) is the fundraising arm of the Queensway Carleton Hospital (QCH). The hospital has 355 beds and is in the west end of Ottawa, Ontario.
In F2023, QCHF disbursed $6.3m in grants. While the charity accounts for $4.8m of these, it does not provide information on an additional $1.5m distributed.
The Mental Health Renew Project was 46% of grants in F2023. The charity states that mental health needs are on the rise, with capacity up to 150 percent. The hospital opened a new inpatient care unit. The unit has 24 private, regular rooms and four intensive-care beds. In F2023, the charity supported 9,885 mental health outpatient visits.
Surgical Suites was 36% of grants in F2023. The hospital upgraded its surgical equipment and technology. In F2023, it reported 97, 988 clinic and day program visits, 140,111 diagnostic imaging tests, and 54,060 cardiopulmonary procedures. It also reported serving 595 rehabilitation inpatients, 3,119 surgical inpatients, and 2,343 births.
Medical Equipment, education, and its Building Spaces campaign comprised the remaining 18% of program spending. The Building Spaces campaign aims to build a fully-equipped space for 15 bed bays at QCH.
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Results and Impact
Queensway Carleton Hospital Foundation reports that its new technology allows physicians to see four-times more information on their surgical screens and sixty-four times more colour than high-definition (HD).
While Ci highlights these key results, they may not be a complete representation of Queensway Carleton Hospital Foundation's results and impact.
This charity has not yet been rated on impact (n/r).
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Finances
Queensway Carleton Hospital Foundation received $5.1m in donations in F2023. It also collected $6.5m in net business activities, primarily parking and gift shop operations. Fundraising and administrative costs were a combined 16% of total revenues. For every dollar donated, 84 cents are available to go to the cause. This is within Ci’s reasonable range for overhead spending.
QCHF had $11.0m in net funding reserves in F2023. These can cover one year and nine months of annual program costs.
This charity report is an update that has been sent to Queensway Carleton Hospital Foundation for review. Changes and edits may be forthcoming.
Updated June 25, 2024 by Stellar Zhang.
Financial Review
Fiscal year ending March
|
2023 | 2022 | 2021 |
|---|---|---|---|
| Fundraising & admin costs as % of revenues | 16.4% | 16.9% | 28.4% |
| Total overhead spending | 16.4% | 16.9% | 28.4% |
| Program cost coverage (%) | 173.7% | 201.2% | 377.4% |
Summary Financial StatementsAll figures in $000s |
2023 | 2022 | 2021 |
|---|---|---|---|
| Donations | 5,079 | 5,703 | 5,650 |
| Business activities (net) | 6,465 | 5,297 | 1,189 |
| Investment income | 168 | 177 | 549 |
| Total revenues | 11,712 | 11,177 | 7,389 |
| Grants | 6,356 | 5,622 | 2,573 |
| Fundraising & administrative costs | 1,898 | 1,859 | 1,942 |
| Other costs | 29 | 82 | 134 |
| Total spending | 8,283 | 7,564 | 4,649 |
| Cash flow from operations | 3,429 | 3,614 | 2,739 |
| Capital spending | 0 | 0 | 8 |
| Funding reserves | 11,039 | 11,313 | 9,708 |
Note: Ci re-allocated expenses related to parking and gift shop to revenue to report these operations net. The charity reports $1.9m in F2023 in fundraising and administrative expenses in its filing with the CRA. However, it is unclear where these costs are allocated in its financial statements. Ci has reported combined fundraising and administrative costs from its financial statements. Ci adjusted for grants payable within grants, affecting it by $69k in F2023, $229k in F2022, and $2k in F2021. Ci adjusted for deferred contributions within donations, affecting it by $2k in F2023, $2k in F2022, and $2k in F2021.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
1 |
$200k - $250k |
1 |
$160k - $200k |
0 |
$120k - $160k |
2 |
$80k - $120k |
5 |
$40k - $80k |
1 |
< $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
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 613-721-4731