University Hospitals Kingston 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.
C
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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Programs
About University Hospitals Kingston Foundation:
Founded in 2005, University Hospitals Kingston Foundation (UHKF) raises funds for patient care, equipment, research and teaching at Kingston Health Sciences Centre and Providence Care Hospital. In April 2017, Kingston General Hospital and Hotel Dieu Hospital came together to form Kingston Health Sciences Centre. UHKF reports that since 2009, there has been a 50% increase in mental health visits to the emergency department. UHKF reports that both hospital centers provided specialized care to over 500k people in F2018.
UHKF grants to its associated hospitals so the best patient care can be provided to the hospitals' clients. In F2018, UHKF reports that over 100 new pieces of equipment were purchased including defibrillators, beds, ultrasound machines, scopes, chairs and exam tables. Moreover, on April 23, 2017 the new Providence Care Hospital was completed hosting 273 patient beds.
Kingston General Hospital reports that it serves over 60,000 people in its emergency department each year, performs thousands of surgical procedures annually, and sees more than 180,000 ambulatory and outpatient visits at the cancer Centre of Southeastern Ontario site each year. In addition, Providence Care serves patients with complex, rehabilitation, geriatric and mental healthcare needs at two sites – Providence Care Hospital and Providence Manor, in addition to 22 community sites. In 2017, Providence Care provided hospital care to over 1,200 inpatients and 25,000 outpatients. Its 22 community programs across the region had over 87,000 visits and its long-term care home, Providence Manor, provided care for 243 residents.
In F2018, University Hospitals Kingston Foundation granted $3.4m to Kingston Health Sciences Centre and $1.0m to Providence Care. In F2018, UHKF granted $800k to research, which is reportedly the largest amount in its history. In addition, in F2018 the William J. Henderson Centre was opened for patient-oriented research.
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Finances
University Hospitals Kingston Foundation is a large-sized charity with donations of $9.5m in F2018. Administrative costs are 7% of total revenues (excluding investment income) and fundraising costs are 22% of total donations. For every dollar donated, 71 cents go to the cause, which is within Ci’s reasonable range for overhead spending.
UHKF has funding reserves of $59m which can cover annual program grants for 13.2 years.
This charity report is an update that has been sent to University Hospitals Kingston Foundation for review. Changes and edits may be forthcoming.
Updated on July 10, 2019, by Parker Thomlinson.
Financial Review
Fiscal year ending March
|
2018 | 2017 | 2016 |
---|---|---|---|
Administrative costs as % of revenues | 7.1% | 8.3% | 7.2% |
Fundraising costs as % of donations | 22.1% | 23.5% | 13.4% |
Program cost coverage (%) | 1,317.5% | 224.6% | 822.0% |
Summary Financial StatementsAll figures in $000s |
2018 | 2017 | 2016 |
---|---|---|---|
Donations | 9,519 | 9,778 | 15,593 |
Business activities (net) | 0 | 0 | 30 |
Investment income | 606 | 4,972 | (615) |
Other income | 35 | 15 | 22 |
Total revenues | 10,160 | 14,764 | 15,031 |
Grants | 4,484 | 24,678 | 8,238 |
Administrative costs | 679 | 815 | 1,129 |
Fundraising costs | 2,100 | 2,295 | 2,086 |
Cash flow from operations | 2,897 | (13,024) | 3,578 |
Funding reserves | 59,079 | 55,417 | 67,719 |
Note: Ci excluded amortization of deferred capital contributions from revenues affecting revenues by ($3k) in F2018, ($8k) in F2017, and ($8k) in F2016. Ci removed amortization of capital assets from administrative costs.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
1 |
$160k - $200k |
0 |
$120k - $160k |
3 |
$80k - $120k |
6 |
$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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