Ronald McDonald House of BC
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.
Low
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 Ronald McDonald House of BC:
Ronald McDonald House British Columbia and Yukon (RMHBC), formally known as The Children’s Family House Society of BC, is designed to provide a home away from home for sick children and their families from across British Columbia and the Yukon. RMHBC is one of 14 Ronald McDonald houses across Canada helping the families of children diagnosed with serious illness or injury when they must travel for their child's treatment. RMHBC reports that 70% of families in Canada live in a city without a children’s hospital.
RMHBC originally opened in Vancouver in 1983 as a 13-bedroom house. In June 2014, a new 73-bedroom house opened on the grounds of the BC Children’s Hospital to provide for the increased demand in services. RMHBC also recently opened a new Ronald McDonald Family Room, including four overnight sleeping rooms, kitchen and laundry facilities and lounge at the Surrey Memorial Hospital, to be a refuge for families and children admitted for treatment. RMHBC reports that the 73-room Ronald McDonald house services approximately 2,000 families each year.
One service provided by Ronald McDonald House British Columbia is the Family Meal Program. Volunteers take the time to prepare home-made meals for families so that they can spend more time with their relative in the hospital.
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Results and Impact
Ronald McDonald House British Columbia reports that the average stay at the house saves families $2,275 (based on 13 nights for a family of four).
Charity Intelligence has rated Ronald McDonald House British Columbia as Low impact based on its demonstrated impact per dollar.
Impact Rating: Low
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Finances
Ronald McDonald House British Columbia and Yukon is considered a medium-sized charity with donations and special events revenues of $5.3m. Administrative costs are 10% of revenues (excluding investment income) and fundraising costs are 19% of donations. For every dollar donated, 71 cents go to the cause, which is within Ci's reasonable range for overhead spending. In F2018, the fiscal year end was changed to December from January, therefore, F2017 financials were restated.
In F2018, RMHBC had total funding reserves of $17.0m, of which $78k were donor-endowed funding reserves. Excluding donor-endowed funds, RMHBC can cover annual program costs for 7.3 years with current funding reserves.
This charity report is an update that has been sent to Ronald McDonald House BC and Yukon for review. Changes and edits may be forthcoming.
Updated on July 24, 2019 by Parker Thomlinson.
Financial Review
Fiscal year ending December
|
2018 | 2017 | 2016 |
|---|---|---|---|
| Administrative costs as % of revenues | 10.0% | 12.3% | 8.3% |
| Fundraising costs as % of donations | 19.3% | 27.8% | 14.2% |
| Total overhead spending | 29.3% | 40.0% | 22.5% |
| Program cost coverage (%) | 734.2% | 730.7% | 968.6% |
Summary Financial StatementsAll figures in $000s |
2018 | 2017 | 2016 |
|---|---|---|---|
| Donations | 4,026 | 2,367 | 3,231 |
| Goods in kind | 243 | 185 | 120 |
| Fees for service | 766 | 708 | 852 |
| Special events | 1,321 | 1,403 | 1,499 |
| Investment income | (3) | 591 | 27 |
| Total revenues | 6,352 | 5,255 | 5,729 |
| Program costs | 2,305 | 2,018 | 1,143 |
| Administrative costs | 638 | 573 | 475 |
| Fundraising costs | 1,031 | 1,047 | 670 |
| Total spending | 3,973 | 3,637 | 2,287 |
| Cash flow from operations | 2,379 | 1,618 | 3,442 |
| Capital spending | 38,785 | 62,421 | 65,141 |
| Funding reserves | 16,970 | 14,794 | 11,115 |
Note: Donations are recorded on a cash basis, which increases revenues by $1.3m in F2016 due to significant deferred capital contributions for the new house. Fundraising and administrative costs were pulled from the charity's T3010A data in F2016, but not in F2017 or F2018 due to a change in the charity’s reporting. In F2018, the fiscal year end was changed to December from January, therefore, F2017 financials were restated. As a result, F2017 figures reflects 11 months of operations. Amortization was backed out of expenses on a pro-rata basis. Ci included investment income in revenue affecting revenues by ($3k) in F2018, and $591k in F2017.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
1 |
$120k - $160k |
0 |
$80k - $120k |
3 |
$40k - $80k |
6 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2017
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Comments & Contact
Comments added by the Charity:
Charity Contact
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