Victoria Hospice Society
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.
54%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 54 cents are available for programs.
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OVERVIEW
About Victoria Hospice Society:
Victoria Hospice Society is a three-star charity. It has an average results reporting grade and it is financially transparent. Its overhead spending is outside Ci's reasonable range.
Founded in 1983, Victoria Hospice Society (VHS) provides end-of-life care to residents of Greater Victoria, British Columbia. VHS states that 75% of Canadians prefer dying at home. However, 45% of Vancouver Island patients die in a hospital setting. It also states that the amount of people aged 75+ on Vancouver Island is expected to more than double by 2035. The charity runs three main programs: Hospice and Palliative Response; Counseling; and Education and Research. VHS reports it spent $6.7m on its programs in F2023.
The Hospice and Palliative Response program received 72% of program spending. VHS runs an 18-bed hospice unit on the Royal Jubilee Campus. In F2023 VHS served 315 patients in its hospice. Its Palliative Response Team provides short-term crisis consultation and treatment for those wishing to remain at home. This reduces the chances of having to go to a hospital. In F2023 the charity provided care to 275 patients over 998 home visits.
The Counselling program received 20% of program spending. VHS offers up to six free individual grief counselling sessions to anyone in the community. In F2023 it provided 2,027 individual sessions. It also runs group sessions and workshops as well. In F2023 it facilitated 195 group sessions and workshops. VHS reports it served 479 new clients in F2023.
The Education and Research program received 6% of program spending. VHS provides palliative care courses and training to health care providers. 370 people participated in its educational workshops, courses, and events in F2023.
The remaining 2% of program spending was spent on communications.
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Results and Impact
Marney Thompson, director of Bereavement Services at VHS, won the King Charles III Coronation Medal. This award recognizes people who have made significant contributions to Canada and their home provinces. 30,000 Canadians received the award in 2024.
While Ci highlights these key results, they may not be a complete representation of Victoria Hospice Society’s results and impact.
The charity is not yet rated on impact (n/r).
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Finances
Charity Intelligence has consolidated Victoria Hospice Society and Victoria Hospice Society Foundation (the Foundation) in the following financial analysis.
In F2023 Victoria Hospice Society received $3.4m in donations. The charity received $4.6m in government funding, representing 52% of total revenues.
Administrative costs are 15% of revenues (excluding investment income). Fundraising costs are 30% of donations. This results in total overhead spending of 46%. For every dollar donated, 54 cents are available to go to the cause. This falls within Ci’s reasonable range for overhead spending.
In F2023 VHS spent $6.7m on its programs, which is 76% of its revenue. In F2023 it had a deficit of $167k.
Victoria Hospice Society has $22.7m in reserve funds (cash and investments). Excluding $2.1m in donor-endowed funds, the net funding reserves can cover 313%, or three years and two months of program costs.
Victoria Hospice Society Foundation granted $954k to VHS in F2023.
This charity report is an update that has been sent for review to Victoria Hospice Society. Changes and edits may be forthcoming.
Updated on August 15, 2024, by Grady Simpson.
Financial Review
Fiscal year ending March
|
2023 | 2022 | 2021 |
|---|---|---|---|
| Administrative costs as % of revenues | 15.4% | 13.9% | 13.3% |
| Fundraising costs as % of donations | 30.1% | 14.4% | 17.7% |
| Total overhead spending | 45.6% | 28.3% | 31.0% |
| Program cost coverage (%) | 312.8% | 321.6% | 290.0% |
Summary Financial StatementsAll figures in $000s |
2023 | 2022 | 2021 |
|---|---|---|---|
| Donations | 3,425 | 5,052 | 4,448 |
| Goods in kind | 8 | 35 | 9 |
| Government funding | 4,551 | 4,390 | 4,724 |
| Fees for service | 62 | 124 | 61 |
| Business activities (net) | 106 | 116 | 75 |
| Investment income | 451 | 528 | 1,711 |
| Other income | 237 | (18) | 169 |
| Total revenues | 8,841 | 10,227 | 11,197 |
| Program costs | 6,682 | 6,622 | 6,938 |
| Administrative costs | 1,295 | 1,349 | 1,260 |
| Fundraising costs | 1,031 | 727 | 789 |
| Total spending | 9,009 | 8,698 | 8,987 |
| Cash flow from operations | (167) | 1,529 | 2,210 |
| Capital spending | 76 | 85 | 251 |
| Funding reserves | 22,677 | 23,062 | 21,920 |
Note: FOUNDATION: Ci consolidated VHS with its associated foundation, excluding transfers between the charities. This reduced total revenue and expenses by $966k in F2023, $1.8m in F2022, and $1.1m in F2021. INVESTMENT MANAGEMENT FEES: Ci reported investment income net of investment management fees. This reduced total revenue and expenses by $60k in F2023, $60k in F2022, and $55k in F2021. LIFE INSURANCE POLICIES: Change in cash surrender value of life insurance policies (non-cash) is not included in revenues. This reduced revenues by $6k in F2023, $7k in F2022, and $3k in F2021. DEFERRED ADJUSTMENT: VHS uses deferred accounting. To show donors information on a consistent basis, Ci adjusted for these deferred revenues. This affected revenues by $113k in F2023, ($71k) in F2022, and $31k in F2021. GOODS IN KIND: Ci removed goods in kind from donations and reported it under goods in kind.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
1 |
$120k - $160k |
1 |
$80k - $120k |
8 |
$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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