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.
87%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 87 cents are available for programs.
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OVERVIEW
About Peace Arch Hospital Foundation:
Founded in 1988, Peace Arch Hospital Foundation (PAH Foundation) raises money to improve people's health in the White Rock and South Surrey areas of British Columbia. The majority of grants from the Foundation are received by Peace Arch Hospital (PAH) to fund building upgrades, medical equipment purchases, and improve patient comfort. The hospital treats more than 50,000 patients in the ER, delivers over 1,000 babies, and performs roughly 9,000 surgeries each year.
In F2021, PAH Foundation allocated 84% of grants to the renovation of PAH’s emergency department and operating rooms. According to the Foundation, PAH’s previous ER was built to serve 20,000 patients, yet served 50,000 patients in 2013. As a result, PAH Foundation funded the construction of a new emergency department three times larger. Additionally, the Foundation renovated five new surgical suites to serve the 30,000 ER patients who require surgery each year, and opened the PAH Foundation Lodge, a 200-bed long-term care facility.
PAH Foundation allocated 9% of total grants to medical equipment in F2021. Major purchases include an upgraded CT scanner, a germ-killing UV robot, and a portable ultrasound machine. In the upcoming years, the Foundation plans to provide various equipment like an MRI machine, a defibrillator, trauma stretchers, and a portable x-ray machine.
In F2021, PAH Foundation allocated 6% of grants to improve health outside of the hospital. The grants are used to educate people about healthy living and decrease inactivity. By providing community grants, PAH Foundation works to prevent hospital visits, as an inactive person spends an average of 38% more days in hospital than an active person. The remaining 1% of grants were allocated to other projects that were not discussed.
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Results and Impact
In F2021, PAH Foundation completed the renovation of PAH’s emergency department and operating rooms. The Foundation reports that the added space and equipment will allow the hospital to perform 25% more acute surgical procedures and 32% more outpatient surgical procedures.
As part of its community health grants, PAH Foundation funds the Move for Life program, which improves the health of Canadians by increasing physical activity. The Foundation reports that increasing physical activity by 10% reduces the risk of heart disease, Alzheimer’s, and diabetes, and increases life span.
While Charity Intelligence highlights these key results, they may not be a complete 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 F2021, Peace Arch Hospital Foundation had total donations and special events revenue of $14.6m. Combined administrative and fundraising costs are 13% of revenues, compared to 24% in F2020. For every dollar donated, 87 cents go to the cause, which is within Ci’s reasonable range for overhead spending.
PAH Foundation has funding reserves of $21.5m, once $36.0m of debt is accounted for. Excluding donor-endowed funds of $873k, the Foundation could grant at the F2021 level for two years using reserves.
Charity Intelligence sent an update of this report to Peace Arch Hospital Foundation for review. Changes and edits may be forthcoming.
Updated on August 3, 2021 by Sydney Olexa.
Financial Review
Fiscal year ending March
|
2021 | 2020 | 2019 |
---|---|---|---|
Fundraising & admin costs as % of revenues | 13.3% | 23.7% | 19.5% |
Total overhead spending | 13.3% | 23.7% | 19.5% |
Program cost coverage (%) | 198.6% | 109.0% | 733.3% |
Summary Financial StatementsAll figures in $000s |
2021 | 2020 | 2019 |
---|---|---|---|
Donations | 14,476 | 10,737 | 12,281 |
Government funding | 156 | 0 | 0 |
Business activities (net) | 3,567 | 397 | 490 |
Special events | 90 | 1,007 | 983 |
Investment income | 7,044 | (1,020) | 1,492 |
Total revenues | 25,332 | 11,121 | 15,245 |
Grants | 10,435 | 13,419 | 4,905 |
Fundraising & administrative costs | 2,435 | 2,873 | 2,677 |
Other costs | 1,393 | 227 | 0 |
Total spending | 14,262 | 16,519 | 7,581 |
Cash flow from operations | 11,070 | (5,399) | 7,664 |
Capital spending | 1,931 | 16,037 | 16,539 |
Funding reserves | 21,513 | 15,451 | 36,516 |
Note: Ci reported ancillary parking revenues net of expenses, decreasing total revenue and total expenses by ($91k) in F2021, ($145k) in F2020, and ($59k) in F2019.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
1 |
$120k - $160k |
2 |
$80k - $120k |
3 |
$40k - $80k |
4 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2020
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Comments & Contact
Comments added by the Charity:
Charity Contact
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