Ronald McDonald House South Central Ontario
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔
FINANCIAL TRANSPARENCY
Most recent Audited financial statements 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.
Low
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 Ronald McDonald House South Central Ontario:
Ronald McDonald House South Central Ontario is a 2-star charity with a Low demonstrated impact. For every dollar donated, 79 cents are available to go towards the cause. Its reserve funds can cover one year and one month of annual program costs.
Founded in 1991, Ronald McDonald House South Central Ontario (RMHSCO), formally known as Kids Care Oncology Central West Ontario, provides a home away from home for sick children and their families. It primarily serves clients from the Kitchener/Waterloo, Niagara, and Wellington counties, near Hamilton, Ontario. RMHSCO is one of 15 Ronald McDonald house chapters across Canada helping the families of children diagnosed with serious illness or injury when they must travel for their child's treatment. RMHSCO was built in 1993 as a 15-bedroom house next to McMaster Children’s Hospital. In 2012 the house expanded to 41 bedrooms. RMHSCO spent $2.1m on its programs in F2023.
RMHSCO asks guests that stay at its House to pay $12 per night; however, the charity states that it will never turn a family away if they are unable to pay. Families that stay at the House have access to a private bedroom, playroom, fitness room, theatre, laundry facilities, and family kitchen. RMHSCO’s House provided 6,957 nights of comfort to 349 families, at an occupancy rate of 56% in F2021. The average length of stay was 16 nights. The charity also provided 27,890 meals to families in F2021.
RMHSCO also operates two Ronald McDonald Family Rooms, located in the McMaster Children’s Hospital. The Family Rooms provide a comfortable environment for families when they cannot leave the hospital. It provides laundry, computer access, and kitchenette facilities. In F2021, its Family Room received 30,028 visits from 2,179 unique families.
Ronald McDonald House South Central Ontario (RMHSCO) is currently updating its website. The annual reports are not currently available on the website. The 2023 financial statements used for this profile were received by contacting the charity. The 2023 financial statements and annual report should be posted on the charity’s website in the fall of 2024. Profile edits may be forthcoming.
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Results and Impact
In F2021, RMHSCO reports that it saved $3.5 million in out-of-pocket expenses for families.
While Ci highlights these key results, they may not be a complete representation of RMHSCO’s results and impact.
Charity Intelligence rates Ronald McDonald House South Central Ontario as Low on demonstrated impact per dollar.
Impact Rating: Low
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Finances
In 2023, RMHSCO received $4.9m in donations and special events revenue, up 48% from $3.3m received in 2022. In 2023, RMHSCO also received $133k in government funding. Administrative costs are 8% of total revenues (less investment income) and fundraising costs are 13% of donations. For every dollar donated, 79 cents are available to go towards the cause. This is within Ci’s reasonable range for overhead spending. In 2023, RMHSCO spent $2.1m on its programs which represents 40% of total revenues.
In 2023, Ronald McDonald House South Central Ontario had $2.3m in its reserve funds. The current reserves can cover one year and one month of annual program costs.
Profile updated on August 14, 2024 by Abby Stout.
Financial Review
Fiscal year ending December
|
2023 | 2022 | 2021 |
---|---|---|---|
Administrative costs as % of revenues | 7.8% | 14.9% | 12.5% |
Fundraising costs as % of donations | 13.3% | 17.9% | 18.8% |
Total overhead spending | 21.2% | 32.8% | 31.3% |
Program cost coverage (%) | 111.1% | 84.2% | 222.4% |
Summary Financial StatementsAll figures in $000s |
2023 | 2022 | 2021 |
---|---|---|---|
Donations | 3,763 | 2,377 | 2,842 |
Goods in kind | 286 | 230 | 181 |
Government funding | 0 | 0 | 89 |
Fees for service | 133 | 97 | 79 |
Special events | 1,184 | 959 | 926 |
Investment income | 206 | 43 | 10 |
Other income | (324) | (346) | (298) |
Total revenues | 5,248 | 3,361 | 3,829 |
Program costs | 2,099 | 1,819 | 1,573 |
Donated goods exp | 286 | 230 | 181 |
Administrative costs | 394 | 495 | 478 |
Fundraising costs | 618 | 534 | 650 |
Total spending | 3,398 | 3,079 | 2,882 |
Cash flow from operations | 1,850 | 282 | 947 |
Capital spending | 254 | 564 | 119 |
Funding reserves | 2,332 | 1,531 | 3,499 |
Note: DEFERRED REVENUE: To report on a cash basis, Ci adjusted for deferred revenue. This affected total revenues by ($324k) in 2023, ($346k) in 2022, and ($298k) in 2021. INVESTMENT INCOME: Ci included investment income reported below the line. This affected total revenues by $206k in 2023, $43k in 2022, and $10k in 2021. AMORTIZATION: Amortization was removed from program costs. DONATED GOODS: Ci included donated goods used for programs in expenses. This affected expenses by $286k in 2023, $230k in 2022, and $181k in 2021.
Salary Information
$350k + |
0 |
$300k - $350k |
1 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
2 |
$80k - $120k |
3 |
$40k - $80k |
4 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2023
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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: 905-521-9983