Peace Arch 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.
79%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 79 cents are available for programs.
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OVERVIEW
About Peace Arch Hospital Foundation:
Peace Arch Hospital Foundation is a 3-star charity that is financially transparent. It has a results reporting grade of B which is average. For every dollar, 79 cents are available to go towards the cause. Its reserve funds can cover program costs for four years and three months.
Founded in 1988, Peace Arch Hospital Foundation (PAHF) raises money to improve people’s health in the White Rock and South Surrey areas of British Columbia. In fiscal 2023 (year ended March), PAHF granted $7.4m. 94% of these grants ($6.9m) were given to Peace Arch Hospital (PAH). The other 6% ($444k) were community grants.
In F2023, Peace Arch Hospital Foundation allocated 71% of grants to renovating PAH’s operating rooms to improve patient care. In F2023, PAHF treated 58,207 patients in the ER and delivered 744 babies. It reports performing 117,899 imaging exams and 10,983 surgeries. PAHF hopes that by 2030, 362 beds will be available compared to the current 169 available beds. PAHF also identified the Emergency Department as a future priority, hoping to increase treatment spaces from the current 10 to 46.
In F2023, PAHF allocated 20% of grants to medical equipment. Each year the Foundation invests money to ensure that Peace Arch Hospital has the most up-to-date, modern, and vital pieces of equipment. In F2023, PAHF raised $2,663,001 for equipment. The charity has a wish list of equipment on its website. Some identified needs include ten glidescopes, six vital sign monitors, five endoscopic cameras, and one vein viewer.
In F2023, PAHF allocated 6% of grants for health community programs. According to PAHF, individuals who are inactive visit the doctor 5.5% more often and spend 38% more days in the hospital compared to those who are active. The health community grants go towards programs that promote physical, social, and mental wellbeing like the Generations Playground, Chronic Disease Management, and Move for Life program.
The other 3% of grants went towards other projects.
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Results and Impact
Peace Arch Hospital Foundation reports the benefits of increasing physical activity. It reports that physical activity leads to a 33-50% reduction in risk of heart disease, a 40% reduction in risk of Alzheimer’s, and a 25-58% reduction in the risk of diabetes. Physical activity adds 2-3 years to a senior person’s lifespan. Charity Intelligence is unclear if this data came from a study reflecting PAHF’s programs, or if it represents general statistics on the benefits of physical activity.
While Ci highlights these results, they may not be a full representation of Peace Arch Hospital Foundation’s results and impact. This charity is not yet rated on impact (n/r).
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Finances
In F2023, Peace Arch Hospital Foundation had total donations and special events revenue of $13.8m. This is a 60% increase from the $8.6m of donations and special events revenue received in F2022.
The charity does not separately disclose administrative and fundraising costs. The combined administrative and fundraising costs are 21% of revenues. For every dollar donated, 79 cents are available to go towards the cause. This is within Ci’s reasonable range for overhead spending. In F2023, 38% of donations went towards granting costs.
PAHF has reserve funds of $31.9m. Excluding donor-endowed funds of $873k, the reserve funds can cover granting at the F2023 level for four years and three months.
Profile updated on June 11, 2024 by Abby Stout.
Financial Review
Fiscal year ending March
|
2023 | 2022 | 2021 |
|---|---|---|---|
| Fundraising & admin costs as % of revenues | 21.1% | 21.3% | 13.4% |
| Total overhead spending | 21.1% | 21.3% | 13.4% |
| Program cost coverage (%) | 421.8% | 308.3% | 198.6% |
Summary Financial StatementsAll figures in $000s |
2023 | 2022 | 2021 |
|---|---|---|---|
| Donations | 11,609 | 7,715 | 14,258 |
| Government funding | 0 | 144 | 156 |
| Business activities (net) | 3,486 | 3,642 | 3,657 |
| Special events | 1,541 | 36 | 90 |
| Investment income | 2,445 | 3,936 | 7,044 |
| Total revenues | 19,081 | 15,473 | 25,205 |
| Grants | 7,389 | 8,105 | 10,435 |
| Fundraising & administrative costs | 3,511 | 2,460 | 2,435 |
| Other costs | 1,412 | 1,461 | 1,483 |
| Total spending | 12,311 | 12,027 | 14,353 |
| Cash flow from operations | 6,769 | 3,446 | 10,853 |
| Capital spending | 21 | 83 | 1,931 |
| Funding reserves | 31,850 | 25,727 | 21,513 |
Note: DEFERRED DONATIONS: To report on a cash-basis, Ci adjusted for deferred donations. This affected revenue by ($166k) in F2023, ($199k) in F2022, and ($217k) in F2021.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
1 |
$160k - $200k |
0 |
$120k - $160k |
3 |
$80k - $120k |
6 |
$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:
Peace Arch Hospital Foundation left this comment on a previous profile:
The mission of Peace Arch Hospital Foundation is to raise funds and awareness to enhance health and wellness in the White Rock/South Surrey community.
Incorporated in 1988, we have raised more than $140 million to fund vital health care services and medical equipment at Peace Arch Hospital and to support community health care initiatives.
In 2012, the Foundation's Board of Directors made a commitment to equally support projects and programs designed to make White Rock and South Surrey the healthiest community possible, with the goal to effect change upstream and keep people OUT of the hospital. With the two pillars of funding in place, both capital projects and equipment purchases that improve health care services at Peace Arch Hospital and the healthy community innovations like the all-abilities Generations Playground and Move For Life initiative that teaches and promotes physical literacy for people of all ages, the Foundation has become a trailblazer in supporting health care and wellness in all its forms. Peace Arch Hospital will always be available and well-equipped to treat patients right in their community, but hopefully with a healthy lifestyle, our families, friends and neighbours won't need it.
In 2014, the Foundation was accredited under Imagine Canada's stringent national Standards Program becoming one of the first hospital foundations in Canada to earn this credential of excellence and leadership in the charitable sector, an accreditation we hold to this day. Accreditation is given to charities and non-profits that have taken action through the Standards Program to bolster trust with the public by identifying and reducing organizational risk, improving board governance practices, being transparent and accountable with finances and fundraising, and fostering a strong workforce.
Because of our generous community of donors, we are able to make a powerful impact on health care in our community and have committed $37 million in funding towards a brand new and expanded emergency department and five state-of-the-art operating suites that are currently under construction at Peace Arch Hospital. These two critically-needed upgrades will be completed in 2021 and $37 million will be disbursed over the next seven years to help fund the project.
In addition to the ER and OR, a new 200-bed residential care facility featuring a hospice and mental health unit will open in 2019 directly across from Peace Arch Hospital. This building is being financed by the Foundation in its entirety and will be operated by Fraser Health.
Learn more about Peace Arch Hospital Foundation and how we’re making an impact or to contact us directly, please go to www.pahfoundation.ca
Comments for the 2024 profile update may be forthcoming.
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 604-535-4520