Prince County Hospital Foundation
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✖
FINANCIAL TRANSPARENCY
Audited financial statements available only through official request for information from Charities Directorate.
C-
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.
90%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 90 cents are available for programs.
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OVERVIEW
About Prince County Hospital Foundation:
Prince County Hospital Foundation is a 1-star charity that is not financially transparent. Its results reporting score is C-, which is below average. Its reserve funds can cover 21 years and two months of annual program costs. Before you give, please read Ci’s report.
Founded in 1993, Prince County Hospital Foundation (PCHF) raises money to fund equipment purchases and building renovations at Prince County Hospital in Summerside, Prince Edward Island. With 110 beds, the hospital is the second largest hospital in PEI.
In F2022, the Foundation granted the hospital $2.2m. Of the grants, 99% went towards purchasing new equipment. The remainder went to the Wilkinson Student Nurses Bursary ($12k) and the Continuing Education Bursary ($11k), which provide scholarships for students pursuing medical education.
In F2023, the hospital purchased 26 new patient beds, a mother and baby simulator, and automatic dispensing cabinets and medical-grade fridges.
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Results and Impact
Ci could find any quantified outcomes from Prince County Hospital Foundation’s publically reported information. This charity is not yet rated on impact (n/r).
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Finances
In F2022, Prince County Hospital Foundation received $3.8m in donations. It also received $2.3m in provincial government funding, representing 38% of revenue. PCHF does not report administrative and fundraising costs separately. Total overhead spending was 10%. For every dollar donated, 90 cents are available to go to the cause. This is within Ci’s reasonable range for overhead spending.
In F2022, PCHF had $45.6m in funding reserves. Included in these is $9.6m in donor-endowed funds. Excluding these funds, its reserves can cover 21 years and two months of annual program costs.
PCHF is not financially transparent. It does not make its audited financial statements publicly available.
This charity report is an update that has been sent to Prince County Hospital Foundation for review. Changes and edits may be forthcoming.
Updated on July 24, 2024 by Stellar Zhang.
Financial Review
Fiscal year ending December
|
2022 | 2021 | 2020 |
|---|---|---|---|
| Fundraising & admin costs as % of revenues | 10.2% | 11.8% | 12.9% |
| Total overhead spending | 10.2% | 11.8% | 12.9% |
| Program cost coverage (%) | 2,118.4% | 2,328.1% | 2,584.6% |
Summary Financial StatementsAll figures in $000s |
2022 | 2021 | 2020 |
|---|---|---|---|
| Donations | 3,809 | 3,878 | 3,718 |
| Government funding | 2,250 | 1,250 | 250 |
| Investment income | (257) | 2,593 | 1,335 |
| Other income | 80 | 75 | 42 |
| Total revenues | 5,882 | 7,796 | 5,345 |
| Grants | 2,178 | 1,915 | 1,548 |
| Fundraising & administrative costs | 625 | 614 | 516 |
| Total spending | 2,804 | 2,529 | 2,064 |
| Cash flow from operations | 3,078 | 5,267 | 3,281 |
| Capital spending | 0 | 0 | 0 |
| Funding reserves | 45,576 | 43,224 | 38,035 |
Note: Charity Intelligence categorized revenue from insurance policies and trust funds as other income.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
1 |
$40k - $80k |
3 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2022
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Comments & Contact
Comments added by the Charity:
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 902-432-2547