Children's Health 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.
70%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 70 cents are available for programs.
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OVERVIEW
About Children's Health Foundation:
Children’s Health Foundation is a 3-star rated charity. The charity has an average results reporting score, reasonable overhead costs, and is financially transparent.
Founded in 1922, Children's Health Foundation (CHF) raises funds for the Children's Hospital at London Health Sciences Centre, the Children's Health Research Institute (CHRI), and the Thames Valley Children's Centre (TVCC). These centres work to improve children’s health and support families in London, Ontario.
In F2023, Children’s Health Foundation granted $8.4m towards the Children’s Hospital, CHRI, and TVCC.
Children’s Health Foundation gave 65% of grants to the Children’s Hospital in F2023. This includes grants for patient care equipment at the hospital. In F2023, the hospital received 179,861 total patient visits. It performed 3,765 paediatric surgeries and supported 1,013 infants in the neonatal intensive care unit (NICU). CHF helped fund 58 medical equipment purchases, including a robotic arm for surgery and a child-size stretcher.
The Research Institute received 21% of grants in F2023. Children's Health Foundation states that the CHRI is the third-largest children’s hospital research site in Canada. As of F2023, the research institute has 185 researchers actively working on projects. During the year, CHF funded six new research projects.
Children’s Health Foundation gave 14% of grants to Thames Valley Children’s Centre in F2023. TVCC provides rehabilitative services to support patients with physical disabilities, communication disorders, developmental delays, and autism. In F2023, TVCC worked with 11,846 clients, 41% of which were accessing at least two services at the Centre.
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Results and Impact
Since its founding in 1987, the Children’s Health Research Institute has produced 738 peer-reviewed publications. Its research funding led to the synthetic production of surfactant in 1995 which now helps premature infants breathe. In 1997, its hospital funding helped set the record for youngest person to receive a multi-organ transplant, at five months and 24 days old.
While Ci highlights these key results, they may not be a complete representation of Children’s Health Foundation’s results and impact. This charity is not yet rated on impact (n/r).
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Finances
Children’s Health Foundation received donations of $13.7m in F2023. It received no government funding during the year. Administrative costs are 4% of revenues (less investment income) and fundraising costs are 27% of donations. This results in total overhead spending of 30%. For every dollar donated to the charity, 70 cents go to the cause. This is within Ci’s reasonable range for overhead spending.
CHF has $33.3m in reserve funds, of which $1.9m is donor endowed. Excluding donor-endowed funds, the charity can cover annual program and grant costs for around three years and 11 months.
Children’s Health Foundation has committed $8.4m in grants ($5.5m to the Children’s Hospital, $1.8m to CHRI, and $1.2m to TVCC) in F2023.
Charity Intelligence has sent this update to Children’s Health Foundation for review. Changes and edits may be forthcoming.
Updated on June 23, 2023 by Clive Stevens.
Financial Review
Fiscal year ending March
|
2023 | 2022 | 2021 |
|---|---|---|---|
| Administrative costs as % of revenues | 3.5% | 3.0% | 4.2% |
| Fundraising costs as % of donations | 26.7% | 16.7% | 24.3% |
| Total overhead spending | 30.2% | 19.7% | 28.5% |
| Program cost coverage (%) | 376.4% | 421.4% | 313.0% |
Summary Financial StatementsAll figures in $000s |
2023 | 2022 | 2021 |
|---|---|---|---|
| Donations | 13,692 | 16,817 | 9,766 |
| Government funding | 0 | 245 | 597 |
| Business activities (net) | 53 | 52 | 51 |
| Investment income | 324 | 912 | 3,941 |
| Total revenues | 14,069 | 18,026 | 14,354 |
| Grants | 8,445 | 6,963 | 7,343 |
| Administrative costs | 484 | 504 | 438 |
| Fundraising costs | 3,649 | 2,811 | 2,372 |
| Total spending | 12,579 | 10,278 | 10,154 |
| Cash flow from operations | 1,490 | 7,748 | 4,201 |
| Capital spending | 96 | 86 | 37 |
| Funding reserves | 33,320 | 30,833 | 23,208 |
Note: Children’s Health Foundation reports investment management fees as expenses rather than within investment income. Ci reported investment income net of investment management fees in all three years, affecting revenues and expenses by ($81k) in F2023, ($84k) in F2022, and ($78k) in F2021.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
1 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
4 |
$40k - $80k |
5 |
< $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: 519-432-8564