St. Mary's General 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.
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.
81%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 81 cents are available for programs.
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OVERVIEW
About St. Mary's General Hospital Foundation:
St. Mary's General Hospital Foundation is an average 3-star charity. It has reasonable overhead costs but below-average accountability to donors which is shown by a C+ in results reporting. The charity has $21.1m in funding reserves that can cover grants for over seven years.
Founded in 1986 in Kitchener, Ontario, St. Mary’s General Hospital Foundation (SMGHF) is a charity that raises money for St. Mary’s General Hospital. SMGHF wants to bridge the gap between the needs of St. Mary's General Hospital and the government funding that is available. It reported that 100% of medical equipment purchases are not funded by the government and are paid for with donated money. SMGHF gives hospital funding for three main areas: equipment purchase, patient care programs, and renovations.
SMGHF’s equipment funding aims to ensure that St. Mary's has access to the essential tools it needs to properly treat patients. In F2021, the foundation funded the installment of a $1.2m fluoroscopy machine at St. Mary’s Hospital. It also funded two ultrasound machines for $257k, and a blood transfusion machine for $24k.
The charity’s patient care funding aims to improve the capacity of the hospital’s cardiac centre so that patients from neighbouring counties don’t have to travel long distances to access treatment. In F2020, it funded an arrhythmia clinic which had 7,300 patient visits.
SMGHF’s renovation funding helps improve the infrastructure of the hospital, to increase the quality of patient treatment. In F2021, it funded the opening of an electrophysiology lab, as well as a catheterization lab and recovery space.
In F2021, the charity granted $2.8m to St. Mary’s General Hospital, which represents a 47% decrease from F2020. SMGHF did not provide a spending breakdown for its programs on its website.
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Results and Impact
Charity Intelligence did not find any quantified outcomes on Saint Mary’s General Hospital Foundation’s website. This may not be a complete representation of SMGHF's results and impact.
This charity is not yet rated on impact (n/r).
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Finances
Saint Mary’s General Hospital Foundation received $7.9m in Canadian donations in F2021. This represents a 1% decrease in total donations from F2020.
Fundraising costs are 6% of donations. Administrative costs are 13% of revenues excluding investment income. This results in total overhead spending of 19%. For every dollar donated, 81 cents go to the cause. This is within Ci’s reasonable range for overhead spending.
SMGHF has $21.1m in funding reserves, which represents a 32% increase from F2020. Its funding reserves can cover F2021 program costs for around seven years and six months.
This charity report is an update that has been sent to St. Mary’s General Hospital Foundation for review. Changes and edits may be forthcoming.
Updated on May 30th, 2011 by Arjun Kapur.
Financial Review
Fiscal year ending March
|
2021 | 2020 | 2019 |
---|---|---|---|
Administrative costs as % of revenues | 13.3% | 14.1% | 13.2% |
Fundraising costs as % of donations | 5.5% | 4.2% | 4.7% |
Total overhead spending | 18.8% | 18.3% | 17.8% |
Program cost coverage (%) | 754.4% | 303.6% | 440.5% |
Summary Financial StatementsAll figures in $000s |
2021 | 2020 | 2019 |
---|---|---|---|
Donations | 7,909 | 8,021 | 7,484 |
Investment income | 1,680 | 1,510 | 344 |
Other income | 13 | 0 | 0 |
Total revenues | 9,601 | 9,531 | 7,828 |
Grants | 2,798 | 5,272 | 3,135 |
Administrative costs | 1,057 | 1,130 | 984 |
Fundraising costs | 432 | 336 | 349 |
Total spending | 4,287 | 6,738 | 4,469 |
Cash flow from operations | 5,314 | 2,793 | 3,359 |
Capital spending | 0 | 3 | 0 |
Funding reserves | 21,109 | 16,006 | 13,812 |
Note: Ci adjusts for changes in grants payable when reporting expenses. This affected expenses by ($743k) in F2021, $261k in F2020, and ($220k) in F2019.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
1 |
$160k - $200k |
0 |
$120k - $160k |
1 |
$80k - $120k |
1 |
$40k - $80k |
2 |
< $40k |
3 |
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: (519) 749 - 6797