Red Deer Hospice
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✖
FINANCIAL TRANSPARENCY
Audited financial statements available only through official request for information from Charities Directorate.
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.
89%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 89 cents are available for programs.
My anchor
OVERVIEW
About Red Deer Hospice:
Red Deer Hospice is a two-star charity with a below-average results reporting grade and reasonable overhead spending. The charity has low funding reserves that can cover less than a year of program costs. Red Deer Hospice is not financially transparent.
Founded in 2000, Red Deer Hospice (RDH) provides care to terminally ill people. It also supports people who are grieving the loss of a loved one. RDH reports its residents are 75 years old on average and 73% of the residents have a cancer diagnosis. The charity offers two main programs: Hospice Care and Bereavement Support. In F2023 the charity spent $3.3m on its programs.
Red Deer Hospice is located in Anders on the Lake, Alberta. The hospice has 16 private resident rooms and offers 24-hour support. Each room has a bed, a half bathroom, and a living room with a pull-out couch. The hospice offers common areas that include family rooms, a dining room, a kitchen, and multi-purpose rooms for activities. In F2023 the hospice served 23 geographic areas. The hospice had an 81% average occupancy rate in F2023.
Red Deer Hospice offers in-house bereavement support to residents and their loved ones. Its Bridging subprogram offers one-on-one support to those experiencing the loss of a loved one. These services are open to anyone dealing with loss, whether they have a connection to the hospice or not. In F2023 it offered 68 Bridging sessions. Its Grief Groups subprogram meets once a week for two hours over an eight-week period. The groups offer information, strategies and reflection on topics related to the grief experience. In F2023 it ran five Grief Groups and had 31 total participants.
My anchor
Results and Impact
Charity Intelligence did not find any quantified outcomes on Red Deer Hospice’s website. This may not be a complete representation of Red Deer Hospice’s results and impact.
The charity is not yet rated on impact (n/r).
My anchor
Finances
In F2023 Red Deer Hospice received $1.1m in cash donations and special events fundraising. The charity received $2.8m in government funding, representing 72% of total revenues.
Administrative costs are 5% of revenues (excluding investment income). Fundraising costs are 6% of donations. This results in total overhead spending of 11%. For every dollar donated, 89 cents are available to go to the cause. This falls within Ci’s reasonable range for overhead spending.
In F2023 RDH spent $3.3m on its programs, which is 86% of its revenue. In F2023 it had a surplus of $263k.
Red Deer Hospice has $960k in gross funding reserves and $151k in interest-bearing debt. This results in net funding reserves of $809k. Excluding $28k in donor-endowed funds, the net funding reserves can cover 24%, or three months of program costs.
This charity report is an update that has been sent for review to Red Deer Hospice. Changes and edits may be forthcoming.
Updated on July 22, 2024, by Grady Simpson.
Financial Review
Fiscal year ending March
|
2023 | 2022 | 2021 |
---|---|---|---|
Administrative costs as % of revenues | 5.4% | 4.1% | 3.5% |
Fundraising costs as % of donations | 5.8% | 10.9% | 5.6% |
Total overhead spending | 11.2% | 14.9% | 9.1% |
Program cost coverage (%) | 24.0% | 26.4% | 14.4% |
Summary Financial StatementsAll figures in $s |
2023 | 2022 | 2021 |
---|---|---|---|
Donations | 868,488 | 1,107,376 | 940,783 |
Goods in kind | 26,417 | 48,048 | 112,557 |
Government funding | 2,759,260 | 2,792,447 | 2,686,623 |
Fees for service | 13,707 | 10,944 | 9,626 |
Lotteries (net) | (36,921) | (4,525) | 55,880 |
Special events | 211,362 | 207,047 | 127,752 |
Investment income | (3,267) | 38,090 | 61,230 |
Total revenues | 3,839,046 | 4,199,427 | 3,994,451 |
Program costs | 3,254,985 | 3,166,120 | 2,960,363 |
Donated goods exp | 26,417 | 48,048 | 112,557 |
Administrative costs | 208,798 | 169,506 | 136,286 |
Fundraising costs | 62,531 | 142,866 | 60,243 |
Other costs | 23,463 | 24,552 | 64,565 |
Total spending | 3,576,194 | 3,551,092 | 3,334,014 |
Cash flow from operations | 262,852 | 648,335 | 660,437 |
Capital spending | 198,764 | 217,364 | 52,129 |
Funding reserves | 808,838 | 869,824 | 457,457 |
Note: DEFERRED REVENUE: RDH uses deferred accounting. To show donors information on a consistent basis, Ci adjusted for these deferred revenues. This affected revenues by ($57k) in F2023, ($6k) in F2022, and $80k in F2021. DEFERRED CAPITAL CONTRIBUTIONS: Ci includes deferred capital contributions in revenue and removes amortization of deferred capital contributions from revenue. This affected revenues by ($124k) in F2023, $102k in F2022, and $199k in F2021. DONATED GOODS IN KIND: Ci removed donated goods in kind from donations and reported it as donated goods in kind. Ci removed donated goods in kind expense from program costs and reported it as donated goods in kind expense.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
2 |
$40k - $80k |
8 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2023
My anchor
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: 403-309-4344