Prince County Hospital Foundation
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✖
FINANCIAL TRANSPARENCY
Audited financial statements available only through official request for information from Charities Directorate.
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.
87%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 87 cents are available for programs.
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OVERVIEW
About Prince County Hospital Foundation:
Prince County Hospital Foundation is a 1-star charity. It has a below average results reporting grade meaning it does not have good reporting on the results of its grants. It also has large non-donor-endowed funding reserves that could cover grants at the F2020 level for 26 years. Prince County Hospital Foundation is not financially transparent. Before you give, read Charity Intelligence's report.
Founded in 1993, Prince County Hospital Foundation (PCHF) raises money to fund equipment purchases and building renovations at Prince County Hospital in Summerside, Prince Edward Island. With 110 beds, Prince County is the second largest hospital in PEI.
Each year, the hospital provides PCHF with a list of desired equipment. The foundation grants money to purchase desired equipment, starting with the equipment for which the need is greatest. In F2020 PCHF granted $1.3m to Prince County Hospital for the purchase of equipment. In 2021, Prince County Hospital purchased two hemodialysis machines and one new Cobas Pro Chemistry Analyzer. The main diagnostic imaging room was also completely refitted. PCHF states that on an average day, 60 to 80 patients require a digital radiology exam at Prince County Hospital.
PCHF notes that Prince County Hospital sees 25,000 patients per year in the emergency department, It also performs 5,000 mammograms and 4,200 dialysis treatments. The hospital delivers 500 babies per year.
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Results and Impact
Charity Intelligence did not find any quantified outcomes on Prince County Hospital Foundation's website. This may not be a complete representation of Prince County Hospital Foundation's results and impact.
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Finances
Prince County Hospital Foundation received $3.7m in donations in F2020. The foundation received $1.3m in investment income net of related expenses, reflecting 25% of total revenue. Fundraising and administrative costs are 13% of revenues less investment income. For every dollar donated, 87 cents go to the cause. This is within Ci’s reasonable range for overhead spending.
PCHF has $38.0m in funding reserves, of which $6.8m is donor-endowed. Excluding donor-endowed funds, the charity could grant at the F2020 level for 26 years using reserves.
This charity report is an update that has been sent to Prince County Hospital Foundation for review. Changes and edits may be forthcoming.
Updated on July 27, 2022 by Emily Downing.
Financial Review
Fiscal year ending December
|
2020 | 2019 | 2018 |
|---|---|---|---|
| Fundraising & admin costs as % of revenues | 12.9% | 18.2% | 15.9% |
| Total overhead spending | 12.9% | 18.2% | 15.9% |
| Program cost coverage (%) | 2,584.6% | 1,571.6% | 1,853.0% |
Summary Financial StatementsAll figures in $000s |
2020 | 2019 | 2018 |
|---|---|---|---|
| Donations | 3,718 | 2,550 | 2,595 |
| Government funding | 250 | 500 | 450 |
| Investment income | 1,335 | 2,432 | 101 |
| Other income | 42 | 75 | 70 |
| Total revenues | 5,345 | 5,557 | 3,215 |
| Grants | 1,548 | 2,117 | 1,588 |
| Fundraising & administrative costs | 516 | 569 | 496 |
| Total spending | 2,064 | 2,686 | 2,084 |
| Cash flow from operations | 3,281 | 2,870 | 1,131 |
| Capital spending | 0 | 0 | 0 |
| Funding reserves | 38,035 | 34,581 | 29,823 |
Note: Charity Intelligence categorized revenue from insurance policies and trust funds as other income.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
0 |
$40k - $80k |
4 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2020
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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) 432-2547