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Women's College Hospital Foundation

76 Grenville St
Toronto, ON M5S 1B2
President & CEO: Katherine Hay
Executive Director: Cathy Carter

Charitable Reg. #: 11930 2628 RR0001
Sector: Health - Hospital Foundation
Public Foundation

Donor Accountability

Grade: B-

The grade is based on the charity's public reporting of the work it does and the results it achieves.

Financial Transparency

Audited financial statements for current and previous years available on the charity's website [ Audited financial statement for most recent year ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Cents to The Cause

2013 2014 2015
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #22

Avg. Compensation $113,164

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 2
$200k - $250k 1
$160k - $200k 0
$120k - $160k 3
$80k - $120k 4
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2015

About Women's College Hospital Foundation:

Women’s College Hospital Foundation raises funds to advance the quality of healthcare at Women’s College Hospital, which is the only hospital in Ontario with a primary focus on the health of women. The hospital was founded in 1911 and has pioneered responses to women’s unique health challenges. The hospital was the first regional sexual assault centre in Ontario and was the first hospital in Ontario to use mammography as a cancer diagnostic tool.  In F2015, the hospital had 800 administrative staff, 600 physicians, 300 nurses, and 200 volunteers.  In F2015, the hospital had 300k ambulatory care visits, 65k medical imaging visits, and 45k family health visits.  The hospital does not offer overnight care and has performed 10k day surgeries in a total of 10 operating rooms. 

Financial Review:

In F2015, Women’s College Hospital Foundation  spent 28% of revenues on administrative costs and 10% of donations on fundraising costs. Total overhead costs of 39% fall within Ci's reasonable range, although for F2014, total overhead costs of 63% fall well above Ci's reasonable range.  The charity has funding reserves of $63m, which can cover annual programs for 32 years.  Program cost coverage went up significantly from 4 years in F2013 to 32 years in F2015 due to a significant decrease in grants to the hospital from $13m in F2013 to $2m in F2015, along with a 31% increase in funding reserves. 

Analysis updated by Ruoxi Gao in 2016, currently under review by  Women’s College Hospital Foundation. 

Financial Ratios

Fiscal year ending March
Administrative costs as % of revenues 28.2%30.8%15.2%
Fundraising costs as % of donations 10.3%32.0%19.7%
Program cost coverage (%) 3,174.0%2,326.5%367.6%

Summary Financial Statements

All figures in $000s
Donations 8,9595,83813,164
Special events 9968190
Investment income 4,3146,4293,428
Total revenues 14,26913,08716,592
Grants 1,9962,35613,130
Administrative costs 2,8052,0492,001
Fundraising costs 1,0282,1322,596
Cash flow from operations 8,4406,549(1,136)
Funding reserves 63,33754,81948,268
Note: Ci used fundraising allocations from the charity's T3010 CRA filing as the charity did not report fundraising costs separately from administration costs on its audited financial statements.

Comments added by the Charity:

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