Montreal Children's 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.
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 Montreal Children's Hospital Foundation:
Montreal Children’s Hospital Foundation is a 2-star charity with a below average results reporting grade of C. For every dollar donated, 75 cents are available to go towards the cause. Its reserve funds can cover five years and three months of annual program costs.
Founded in 1973, Montreal Children’s Hospital Foundation (MCHF) raises funds for children’s health and research at Montreal Children’s Hospital and McGill University Health Centre. In fiscal 2024 (year ended March), MCHF granted $26.2m. These grants go towards three main areas: research, patient care, and education. MCHF did not provide a breakdown for this spending.
Research: Some of MCHF’s granted money goes towards research for improved treatments and quality of healthcare. Although children account for about 25% of the population, only 10% of research funding goes to child health. In F2023, MCHF reports having more than 85 ongoing research projects.
Patient Care: MCHF reports that children at Montreal Children’s Hospital (MCH) stay for an average of 8 days. In F2024, MCHF’s granted money helped MCH perform 3,000 high-risk deliveries and more than 6,500 highly specialized operations. In F2024, the grant also helped 40 young patients gain the ability to hear.
Education: MCHF uses a portion of its granted money to educate the next generation of medical leaders. In F2023, close to 20 young doctors trained alongside leading physicians. In F2024, 12 masters and PhD students received grants to pursue research projects.
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Results and Impact
Charity Intelligence found that MCHF reported many stories but no quantified data on its results. This may not be a complete representation of Montreal Children’s Hospital Foundation’s results and impact.
This charity is not yet rated on impact (n/r).
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Finances
In F2024, MCHF received $36.6m in donations, up 12% from $32.9m in F2023. Combined administrative and fundraising costs are 25% 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 F2024, MCHF granted $26.2m which represents 52% of total revenues.
In F2024, MCHF had reserve funds of $178.3m, of which $54.5m were donor endowed. Excluding the donor-endowed funds, the charity’s current reserves can cover five years and three months of annual granting.
Profile updated on July 29, 2024 by Abby Stout.
Financial Review
Fiscal year ending March
|
2024 | 2023 | 2022 |
|---|---|---|---|
| Fundraising & admin costs as % of revenues | 24.7% | 25.8% | 21.3% |
| Total overhead spending | 24.7% | 25.8% | 21.3% |
| Program cost coverage (%) | 527.7% | 622.8% | 645.4% |
Summary Financial StatementsAll figures in $000s |
2024 | 2023 | 2022 |
|---|---|---|---|
| Donations | 36,643 | 32,862 | 35,801 |
| Government funding | 0 | 0 | 245 |
| Investment income | 13,951 | 2,602 | 5,589 |
| Total revenues | 50,594 | 35,464 | 41,635 |
| Grants | 26,176 | 20,766 | 19,506 |
| Fundraising & administrative costs | 9,040 | 8,486 | 7,666 |
| Total spending | 35,216 | 29,252 | 27,172 |
| Cash flow from operations | 15,378 | 6,212 | 14,463 |
| Capital spending | 4,331 | 365 | 491 |
| Funding reserves | 178,284 | 166,056 | 160,611 |
Note: DEFERRED REVENUE: To report on a cash basis, Ci adjusted for deferred revenue. This affected total revenues by $13k in F2024, $86k in F2023, and $334k in F2022. UNREALIZED GAIN (LOSS): Ci included unrealized gain or loss in the investment income calculation. This affected total revenues by $8.4m in F2024, ($3.7m) in F2023, and ($1.4m) in F2022. GRANTS: Ci included grants that were reported below the line. This increased total expenses by $23.5m in F2024, $23.2m in F2023, and $19.9m in F2022. CONTRIBUTIONS PAYABLE: To report on a cash basis, Ci adjusted for the change in contributions payable. This affected total expenses by $2.7m in F2024, ($2.2m) in F2023, and $521k in F2022.
Salary Information
$350k + |
1 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
3 |
$160k - $200k |
0 |
$120k - $160k |
6 |
$80k - $120k |
0 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2023
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Comments & Contact
Comments added by the Charity:
Charity Contact
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