Kelowna General 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.
77%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 77 cents are available for programs.
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OVERVIEW
About Kelowna General Hospital Foundation:
Kelowna General Hospital Foundation is a 2-star charity. It has a below-average results reporting grade and large funding reserves. The charity has reasonable overhead spending and is financially transparent.
Founded in 1978, Kelowna General Hospital Foundation (KGH Foundation) raises money for Kelowna General Hospital (KGH). It funds equipment purchases and patient care improvements needed by the hospital that are not covered by government funding. Kelowna General Hospital has 227 emergency visits and 63 inpatient cases a day, on average. At the time of this report, the charity's F2022 Annual Report was not available. In F2022, KGH Foundation disbursed $3.3 million in grants, down significantly from $10.6 million in F2021.
In F2021, 67% of KGH Foundation's grants went to Interior Health (Patient Care), the regional health authority that serves BC’s Southern Interior region. Kelowna General Hospital is one of the 46 hospitals and health centres run by Interior Health. JoeAnna’s House provides affordable short-term accommodations for families of patients who must travel to receive treatment at Kelowna General Hospital. The House enables family members to remain close to their loved ones during treatment. It is located beside the hospital and has 20 guest rooms for families to stay in.
In F2021, 15% of grants went to Mental Health. In F2021, the KGH Foundation supported Foundry Kelowna to bring the Wellness on Wheels Foundry Mobile initiative to the community.
In F2021, 12% of grants went to Research and Innovation. In F2021, KGH acquired a Jackson Table, which protects patients from any neurological damage. KGH also purchased additional surgical instruments to support the operation of two neurosurgical suites.
The remaining 5% of KGH Foundation's grants went to Community and Covid-19 responses. In F2021, the KGH Foundation funded two bicycles for the Mental Health ACT Team to deliver food and medical supplies to clients. The Foundation also purchased decals for the newly opened Urgent Primary Care Centres.
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Results and Impact
In F2021, more than 1,600 babies were born at KGH. Of them, nearly 22% were born pre-term and required specialized care in the NICU at KGH. In F2021, JoeAnna's House homed 314 families. In F2021, KGH performed 6.6 surgeries and 8-16 retinal procedures every week, on average. In total, KGH had more than 81k emergency department visits and handled 23k inpatient cases in F2021.
While Ci highlights these key results, they may not be a complete representation of Kelowna General Hospital Foundation's results and impact.
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Finances
Kelowna General Hospital Foundation received $10.9m in donations and special events fundraising in F2022. KGH Foundation’s audited financial statements do not allocate salaries and benefits to fundraising and administrative costs. Administrative and fundraising costs are 23% of total revenue (excluding investment income). For every dollar donated to KGH Foundation, 77 cents go to the cause. This is within Ci’s reasonable range for overhead spending.
Kelowna General Hospital Foundation has $46.2m in funding reserves in F2022. This includes $21.3m in donor endowments. Excluding donor-endowed funds, the charity's funding reserves can cover 8.6 years of annual program costs.
This report is an update that has been sent to Kelowna General Hospital Foundation for review. Comments and edits may be forthcoming.
Updated on August 23, 2022 by Lin Zhu.
Financial Review
Fiscal year ending March
|
2022 | 2021 | 2020 |
|---|---|---|---|
| Fundraising & admin costs as % of revenues | 23.0% | 27.9% | 20.7% |
| Total overhead spending | 23.0% | 27.9% | 20.7% |
| Program cost coverage (%) | 861.5% | 182.5% | 900.9% |
Summary Financial StatementsAll figures in $000s |
2022 | 2021 | 2020 |
|---|---|---|---|
| Donations | 9,735 | 7,422 | 9,937 |
| Goods in kind | 0 | 0 | 93 |
| Government funding | 105 | 306 | 0 |
| Fees for service | 115 | 90 | 40 |
| Business activities (net) | 945 | 493 | 1,208 |
| Special events | 1,148 | 973 | 982 |
| Investment income | 1,360 | 3,932 | (906) |
| Total revenues | 13,408 | 13,216 | 11,354 |
| Program costs | 669 | 633 | 315 |
| Grants | 3,286 | 10,587 | 3,211 |
| Fundraising & administrative costs | 2,766 | 2,590 | 2,535 |
| Other costs | 24 | 0 | 0 |
| Total spending | 6,745 | 13,810 | 6,062 |
| Cash flow from operations | 6,663 | (594) | 5,292 |
| Capital spending | 66 | 173 | 3,344 |
| Funding reserves | 46,196 | 39,129 | 40,028 |
Note: Ci included government funding in the calculation of revenues, affecting revenues by $105k in F2022 and $306k in F2021.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
1 |
$160k - $200k |
0 |
$120k - $160k |
1 |
$80k - $120k |
8 |
$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: 250-862-4438