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.
B-
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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Programs
About Montreal Children's Hospital Foundation:
Established in 1973, Montreal Children’s Hospital Foundation (MCHF) fundraises to support Montreal Children's Hospital and McGill University Health Centre. According to MCHF, families with a sick child will lose 40% of their income, and kids receive only 10% of research funding despite representing 25% of the population. In F2018, MCHF had 177,136 patient visits, of which 80,909 were emergency room visits and 96,227 were hospital visits.
It reported granting $18.1 million (The F2019 annual report was not available at the time of this report), of which $1.3 million was deferred. Actual cash grants were $16.7 million. MCHF contributed 71% to the Montreal Children’s Hospital, 20% to the Research Institute of the McGill University Health Centre, and 9% to McGill University.
MCHF also reports its grants by sector. It allocated 39% of grants to research equipment and services, 20% to special projects, and 17% to equipment and patient care. MCHF reports that the remaining 23% went toward 'installment of new hospital commitment,' with no detail provided.
Montreal Children's Hospital has 154 single-patient rooms, 6 operating rooms and 6 intervention rooms. Staff include 349 physicians and surgeons, 694 nurses, and 275 medical students, residents and fellows. In F2018, MCHF reports that the hospital performed 7,646 surgeries, admitted 5,879 patients, conducted 200 craniofacial reconstructive procedures, and treated 1,000 sick babies.
Funds granted to research equipment aided research in neonatal care, trauma and brain injury, postoperative pain in children, kidney disease and global health. These funds also went to scholarships and fellowships to develop the next generation of pediatric specialists and physicians.
Special projects funding went toward hearing aid implants, pet therapy, music therapy, parental presence in labour induction, and a summer program in Child Life to provide engaging activities for hospitalized patients. In F2018, MCHF reports that 22 children received hearing implants, 1,800 children participated in music therapy, and 736 children had parental presence in labour induction.
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Finances
Montreal Children’s Hospital Foundation is a Major 100 charity with $24.5m in donations in F2019. Administrative costs were 19% of revenues (excluding investment income) and fundraising costs were 6% of donations. For every dollar donated, 75 cents go to the cause, which is within Charity Intelligence’s reasonable range for overhead spending.
Montreal Children’s Hospital Foundation has funding reserves of $129.4m, of which $107.9m are donor-endowed. This means that Montreal Children’s Hospital Foundation can cover annual program costs for 1.6 years excluding donor-endowed funds.
This charity report is an update that has been sent to Montreal Children’s Hospital Foundation for review. Changes and edits may be forthcoming.
Updated on July 19, 2019 by Parker Thomlinson.
Financial Review
Fiscal year ending March
|
2019 | 2018 | 2017 |
---|---|---|---|
Administrative costs as % of revenues | 18.7% | 17.8% | 19.4% |
Fundraising costs as % of donations | 6.0% | 5.0% | 7.1% |
Total overhead spending | 24.7% | 22.8% | 26.5% |
Program cost coverage (%) | 158.1% | 188.6% | 120.8% |
Summary Financial StatementsAll figures in $000s |
2019 | 2018 | 2017 |
---|---|---|---|
Donations | 24,484 | 25,682 | 22,055 |
Investment income | 2,893 | 5,096 | 11,207 |
Total revenues | 27,377 | 30,779 | 33,261 |
Grants | 18,990 | 16,715 | 16,471 |
Administrative costs | 4,570 | 4,566 | 4,280 |
Fundraising costs | 1,464 | 1,275 | 1,563 |
Total spending | 25,024 | 22,556 | 22,313 |
Cash flow from operations | 2,353 | 8,222 | 10,948 |
Funding reserves | 129,369 | 128,140 | 119,259 |
Note: An adjustment was made to grants reflecting the change in Contributions Payable to Montreal Children’s Hospital year over year, affecting spending by $921k in F2019, ($1.4m) in F2018, and ($352k) in F2017.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
1 |
$160k - $200k |
0 |
$120k - $160k |
5 |
$80k - $120k |
4 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2018
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Comments & Contact
Comments added by the Charity:
Charity Contact
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