Joseph Brant 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.
64%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 64 cents are available for programs.
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OVERVIEW
About Joseph Brant Hospital Foundation:
Joseph Brant Hospital Foundation is a one-star charity with a below average results reporting grade and overhead spending outside of Ci's reasonable range. The charity is financially transparent and has funding reserves that can cover over 55 years of F2022 grant spending.
Founded in 1977, Joseph Brant Hospital Foundation (JBHF) is the fundraising arm of Joseph Brant Hospital in Burlington, Ontario. The foundation’s aim is to ensure that the community of Burlington has access to exceptional healthcare. Its main granting areas are Patient Care and Equipment. In F2022, JBHF granted $633k to Joseph Brant Hospital, representing a 43% decrease from F2021 and a 92% decrease from F2020.
The Equipment program mainly involves the purchase of lab equipment and additional hospital beds to accommodate covid-19 patients. The foundation reports that the hospital added 40 expanded capacity beds for covid-19 in F2021. It reports that the hospital had 293 basic inpatient beds.
Joseph Brant Hospital offers a variety of Patient Care services to people including emergency medical care, maternal care, and mental health care. In F2021, the hospital had 12,800 inpatient admissions, 41,106 emergency visits, and 10,056 surgeries. This includes 7,160 outpatient surgeries and 2,896 inpatient surgeries. It reports that 1,384 babies were born during the year.
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Results and Impact
Charity Intelligence did not find quantified outcomes on Joseph Brant Hospital Foundation’s website. This may not be a complete representation of its results and impact.
This charity is not yet rated on impact (n/r).
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Finances
In F2022, Joseph Brant Hospital Foundation received $6.4m in donations and special events revenue. It received $153k in gross lottery revenue (2% of total revenue) and $139k in government funding (2% of total revenue) during the year. Lottery revenues are reported gross because the charity does not report lottery expenses separately in its audited financial statements. In F2022, the foundation earned $645k in investment income (9% of total revenue), representing a 10% annual return. Its average annual investment return over the past three years is around 14%. The average annual investment return of the S&P 500 from 2020 to 2021 is around 22%.
Combined fundraising and administrative costs are 36% of total revenue excluding investment income. For every dollar donated to the charity, 64 cents go to the cause. This is outside Ci’s reasonable range for overhead spending. JBHF was also outside the reasonable range in F2020 and F2019.
Joseph Brant Hospital Foundation has $22.3m in net funding reserves, including $7.2m in donor-endowed funds. Its net funding reserves, excluding donor-endowed funds, can cover F2022 grant spending for around 55 years and four months. Using average grant spending from the past five years, its net funding reserves can cover program costs for around three years and four months.
This charity report is an update that has been sent to Joseph Brant Hospital Foundation for review. Changes and edits may be forthcoming.
Updated on August 18th, 2022 by Arjun Kapur.
Financial Review
Fiscal year ending March
|
2022 | 2021 | 2020 |
|---|---|---|---|
| Fundraising & admin costs as % of revenues | 35.9% | 40.3% | 35.1% |
| Total overhead spending | 35.9% | 40.3% | 35.1% |
| Program cost coverage (%) | 5,537.1% | 1,409.8% | 108.8% |
Summary Financial StatementsAll figures in $s |
2022 | 2021 | 2020 |
|---|---|---|---|
| Donations | 6,086 | 4,516 | 6,094 |
| Government funding | 139 | 464 | 0 |
| Lotteries (net) | 153 | 621 | 665 |
| Special events | 333 | 163 | 165 |
| Investment income | 645 | 1,988 | (1) |
| Total revenues | 7,357 | 7,751 | 6,923 |
| Grants | 633 | 1,112 | 8,219 |
| Fundraising & administrative costs | 2,407 | 2,324 | 2,431 |
| Total spending | 3,039 | 3,436 | 10,650 |
| Cash flow from operations | 4,317 | 4,316 | (3,727) |
| Capital spending | 5 | 36 | 0 |
| Funding reserves | 22,335 | 17,627 | 13,230 |
Note: Lottery revenue is presented gross rather than net of expenses because the charity’s financial statements do not identify expenses specific to lottery operations. Ci has adjusted grants by the change in grants payable, affecting expenses by ($5.2m) in F2022, ($30k) in F2021, and $1.7m in F2020. Ci included government subsidies in both revenues and expenses. The subsidy was used to reduce payroll expenses on the charity's audited financial statements. This affects both revenues and expenses by $139k in F2022 and $464k in F2021.
Salary Information
$350k + |
0 |
$300k - $350k |
1 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
1 |
$120k - $160k |
3 |
$80k - $120k |
2 |
$40k - $80k |
3 |
< $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: 905-632-3737