Victoria Hospice Society

1952 Bay St., 4th Floor Richmond Pavilion
Victoria, BC V8R 1J8
CEO: Teri Henderson
Board Chair: Trudi Brown

Charitable Reg. #:11928 4230 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

[Charity Rating: 3/5]

✔+

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


Financial Ratios

Fiscal year ending March
202320222021
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 Statements

All figures in $000s
202320222021
Donations 3,4255,0524,448
Goods in kind 8359
Government funding 4,5514,3904,724
Fees for service 6212461
Business activities (net) 10611675
Investment income 4515281,711
Other income 237(18)169
Total revenues 8,84110,22711,197
Program costs 6,6826,6226,938
Administrative costs 1,2951,3491,260
Fundraising costs 1,031727789
Total spending 9,0098,6988,987
Cash flow from operations (167)1,5292,210
Capital spending 7685251
Funding reserves 22,67723,06221,920

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

Full-time staff: 36

Avg. compensation: $86,969

Top 10 staff salary range:

$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:

No comments have been added by the charity.

Charity Contact

Website: www.victoriahospice.org
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 250-370-8715

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Charitable Registration Number: 80340 7956 RR0001