Michael Garron Hospital/Toronto East General 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.
63%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 63 cents are available for programs.
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OVERVIEW
About Michael Garron Hospital/Toronto East General Hospital Foundation:
Michael Garron Hospital Foundation is a 3-star charity with an average results reporting grade of B. For every dollar donated, 63 cents are available to go towards the cause. Its reserve funds can cover one year and nine months of annual program costs.
Founded in 1984, Michael Garron Hospital Foundation (MGHF), formerly Toronto East General Hospital Foundation, is the fundraising arm of Toronto East Health Network. In fiscal 2024 (year ended March), Toronto East Health Network had 22,639 inpatient stays, 183,473 outpatient visits, and 100,410 emergency department visits. In F2024 MGHF granted $16.1m to Toronto East Health Network. These grants went towards Redevelopment and Renovations, Equipment, Other Programs, and Research, Training, and Education.
In F2024, Redevelopment and Renovations was 65% of annual granting. MGHF funds facility upgrades at Toronto East Health Network to improve the quality and efficiency of the patient care. In F2024, MGHF renovated the Child and Youth Mental Health Outpatient unit.
In F2024, Equipment was 25% of annual granting. In F2024, MGHF funded the purchase of 23 electrocardiogram machines, one rapid fluid infuser, and one central monitoring system.
In F2024, Other Programs was 6% of annual granting. MGHF did not provide any information or quantified data on these programs.
The remainder of grants went towards Research, Training, and Education.My anchor
Results and Impact
In 2019, MGHF launched the Transitional Youth Program which is a service offered to people ages 16-29 and their families to receive mental health resources and support. In F2024, MGHF reports that the Transitional Youth Program has reduced emergency department visits for mental health care by 72%.
While Ci highlights these key results, they may not be a complete representation of Michael Garron Hospital Foundation’s results and impact.
This charity is not yet rated on impact (n/r).My anchor
Finances
In F2024, MGHF received $13.9m in donations, up 21% from $11.4m received in F2023. In F2024, the charity also received $1.8m in investment income, representing 11% of total revenues. Charity Intelligence uses the charity’s T3010 filing with the CRA to separate combined administrative and fundraising costs. At the time of this profile, the F2024 T3010 filing was not yet available. In F2024, combined administrative and fundraising costs are 37%. For every dollar donated, 63 cents are available to go towards the cause. This is just outside of Ci’s reasonable range for overhead spending. In F2024, MGHF granted $16.1m, a 22% increase from F2023. The F2024 granting represents 103% of total revenues.
In F2024, MGHF has $28.9m in its reserve funds, of which $1.0m are donor endowed. Excluding the donor-endowed funds, the charity can cover one year and nine months of annual granting with its current reserves.
Profile updated on August 13, 2024 by Abby Stout.Financial Review
Fiscal year ending March
|
2024 | 2023 | 2022 |
|---|---|---|---|
| Administrative costs as % of revenues | 0.0% | 13.9% | 6.2% |
| Fundraising costs as % of donations | 0.0% | 22.4% | 11.8% |
| Fundraising & admin costs as % of revenues | 37.0% | 36.3% | 18.0% |
| Total overhead spending | 37.0% | 36.3% | 18.0% |
| Program cost coverage (%) | 174.5% | 256.0% | 299.6% |
Summary Financial StatementsAll figures in $000s |
2024 | 2023 | 2022 |
|---|---|---|---|
| Donations | 13,879 | 11,432 | 21,928 |
| Investment income | 1,785 | 1,019 | 342 |
| Total revenues | 15,664 | 12,450 | 22,270 |
| Grants | 16,025 | 12,839 | 12,753 |
| Administrative costs | 0 | 1,591 | 1,369 |
| Fundraising costs | 0 | 2,563 | 2,577 |
| Fundraising & administrative costs | 5,131 | 0 | 0 |
| Total spending | 21,156 | 16,993 | 16,698 |
| Cash flow from operations | (5,492) | (4,543) | 5,571 |
| Capital spending | 13 | 86 | 115 |
| Funding reserves | 28,902 | 33,703 | 38,971 |
Note: DEFERRED REVENUE: To report on a cash basis, Ci adjusted for deferred revenue. This affected total revenues by ($1.0m) in F2024, $1.1m in F2023, and $17k in F2022. RELATED PARTY TRANSACTIONS: Ci adjusted for the change in amounts due to the hospital. This affected total expenses by ($23k) in F2024, ($180k) in F2023, and $65k in F2022.
Salary Information
$350k + |
1 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
2 |
$160k - $200k |
0 |
$120k - $160k |
6 |
$80k - $120k |
1 |
$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:
Thank you for considering a donation or getting involved with Toronto East General Hospital Foundation. If you have any questions or would like further information, please call us at 416-469-6003.
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 416-469-6003