Ronald McDonald House Toronto
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.
75%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 75 cents are available for programs.
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OVERVIEW
About Ronald McDonald House Toronto:
Ronald McDonald House Charities Toronto is a 2-star charity. It has a result reporting grade of B+ which is above average. For every dollar donated, 75 cents are available towards the cause. Its reserve funds can cover four years and nine months of annual program costs.
Founded in 1981, Ronald McDonald House Charities Toronto (RMHT), formally known as Toronto Children’s Care, accommodates families of seriously ill children while they receive treatment in local Toronto hospitals. The charity says that 65% of Canadians live outside of a city with a children’s hospital and must travel for medical treatment when their child gets sick. RMHT says it believes it’s helping one in five (20%) families in need. In 2023, the charity spent $5.6m on its two programs: House and Family Room. In 2023, these programs served 3,383 total families.
In 2023, House was 81% of program spending. RMHT’s House is less than a kilometre from SickKids Hospital in downtown Toronto. It has 66 standard family bedrooms and 15 apartment suites. In 2023, Ronald McDonald House Charities Toronto completed 105,120 loads of laundry and provided 23,250 meals, a 44% increase from 2022. In 2023, the average length of stay was 30 days.
In 2023, Family Room was 19% of program spending. Ronald McDonald House Charities Toronto has 7 Family Rooms within 5 partner hospitals. Family Rooms provide family members with a place to rest and recharge just steps away from the hospital room where their child is being treated. RMHT has upcoming plans to have a second Family Room at SickKids Hospital.
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Results and Impact
In 2023, Royal Bank of Canada (RBC) conducted an economic impact study on Ronald McDonald House Charities across Canada. It determined that RMHT saved families $20,172 per month or $12.2 million total on out-of-pocket expenses like food, travel, and lodging.
While Charity Intelligence highlights these key results, they may not be a complete representation of Ronald McDonald House Charities Toronto’s results and impact.
Ci has given Ronald McDonald House Charities Toronto a Low impact rating for demonstrated impact per dollar.
Impact Rating: Low
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Finances
Ronald McDonald House Toronto received total donations of $10.2m in 2023, up 42% from $7.2m in 2022. Administrative costs are 12% of total revenues (less investment income) and fundraising costs are 13% of donations. For every dollar donated, 75 cents are available to go towards the cause. This is within Ci’s reasonable range for overhead spending. In 2023, RMHT spent $5.6m on its programs which represents 43% of total revenues.
In 2023, the charity has $26.9m in reserve funds. This is enough to cover four years and nine months of annual program costs.
Profile updated on June 27, 2024 by Abby Stout.
Financial Review
Fiscal year ending December
|
2023 | 2022 | 2021 |
|---|---|---|---|
| Administrative costs as % of revenues | 11.5% | 9.5% | 8.8% |
| Fundraising costs as % of donations | 13.4% | 15.5% | 17.5% |
| Total overhead spending | 24.9% | 25.0% | 26.3% |
| Program cost coverage (%) | 478.4% | 327.5% | 609.4% |
Summary Financial StatementsAll figures in $000s |
2023 | 2022 | 2021 |
|---|---|---|---|
| Donations | 10,163 | 7,167 | 7,250 |
| Government funding | 0 | 0 | 857 |
| Investment income | 2,919 | 363 | 2,423 |
| Total revenues | 13,082 | 7,531 | 10,531 |
| Program costs | 5,629 | 7,241 | 4,487 |
| Donor-designated donations | 85 | 102 | 88 |
| Administrative costs | 1,169 | 683 | 712 |
| Fundraising costs | 1,360 | 1,110 | 1,272 |
| Other costs | 32 | 22 | 29 |
| Total spending | 8,274 | 9,158 | 6,589 |
| Cash flow from operations | 4,808 | (1,627) | 3,941 |
| Capital spending | (584) | 2,034 | 1,319 |
| Funding reserves | 26,932 | 23,718 | 27,347 |
Note: DEFERRED REVENUE: To report on a cash-basis, Ci adjusted for deferred donations. This affected revenues by $24k in 2023, ($19k) in 2022, and $13k in 2021. REALIZED/UNREALIZED GAIN: Ci included realized and unrealized investment gains in the calculation of revenues. This affected revenues by $1.8m in 2023, ($896k) in 2022, and $2.1m in 2021. INVESTMENT MANAGEMENT FEES: Ci recorded investment management fees under expenses, affecting expenses by $32k in 2023, $22k in 2022, and $29k in 2021. AMORTIZATION: Ci backed out amortization from program, administrative, and fundraising expenses on a pro-rata basis.
Salary Information
$350k + |
0 |
$300k - $350k |
1 |
$250k - $300k |
0 |
$200k - $250k |
1 |
$160k - $200k |
0 |
$120k - $160k |
5 |
$80k - $120k |
3 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2022
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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: 416-977-0458