North York General Hospital Foundation
Toronto, ON M2K 1E1
President & CEO: Terry Pursell
Board Member: Murray Perelman
Charitable Reg. #: 88875 1245 RR0001
Grade: B-The grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Cents to The Cause
Full-time staff #23
Avg. Compensation $112,048
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||1|
|$120k - $160k||0|
|$80k - $120k||6|
|$40k - $80k||0|
About North York General Hospital Foundation:
Since 1972, North York General Hospital Foundation (NYGHF) has raised funds to purchase equipment, upgrade facilities and support research at North York General Hospital. The charity reports that community hospitals provide 80% of patient care in Ontario. North York General Hospital serves 400,000 patients every year.
In F2015, North York General Hospital Foundation allocated $6.1m to North York General Hospital. NYGHF gave $5.3m to upgrade the Charlotte and Lewis Steinberg Emergency centre and invested $771k in cancer research and care. The hospital trained 11 oncology nurses and 6 chemotherapy nurses. It supports 2,100 cancer patients each year. North York General Hospital performs 40,000 surgeries annually and is looking to improve its minimally invasive surgery practices. North York General Hospital Foundation plans to make North York General Hospital Canada’s first hospital that specializes in practice-based research.
North York General Hospital Foundation is a Big-Cap charity with donations and special event revenue of $10.2m in F2015. Administrative costs are 16% of total revenues and fundraising costs are 25% of total donations. Total overhead costs come to 40%, falling outside of Ci’s reasonable range. NYGHF has funding reserves of $72.2m that can cover program costs for 11.9 years. Excluding donor-endowed funds of $48.5m, funding reserves can cover program costs for 6.5 years.
This charity report is an update that is being reviewed by the charity. Changes and edits may be forthcoming.
Updated on June 30th, 2016 by Mirza Ali Shakir.
Financial RatiosFiscal year ending March
|Administrative costs as % of revenues||15.6%||16.7%||14.7%|
|Fundraising costs as % of donations||24.8%||26.0%||19.3%|
|Program cost coverage (%)||1,193.3%||1,101.7%||993.9%|
Summary Financial StatementsAll figures in $000s
|Business activities (net)||647||1,076||658|
|Cash flow from operations||8,306||8,160||6,665|