Kelowna General 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.
65%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 65 cents are available for programs.
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OVERVIEW
About Kelowna General Hospital Foundation:
Kelowna General Hospital Foundation is a two-star charity. It has a B- results reporting grade, which is below average. For every dollar donated to the charity, 65 cents are available to go to the cause, which is just within Ci's reasonable range. The charity has reserve funds that can cover over six years of its annual program costs.
Founded in 1978, Kelowna General Hospital Foundation (KGH Foundation) raises money for Kelowna General Hospital (KGH). It funds equipment purchases, general patient care, specialized patient care, and research. The charity states that improvements needed by the hospital are not covered by government funding. At the time of this report, the charity’s F2023 Annual Report was not available. KGH Foundation disbursed $6.9 million in grants in F2023.
Stroke and Cardiac Care represented 27% of total program spending in F2022. This program focuses on providing care to patients who suffered a stroke or cardiac arrest. In F2022, the charity performed 1,086 heart surgeries and 7,348 procedures at the KGH Catheterization Lab. KGH Foundation states that 3,682 patients are cared for in the KGH Cardiac Lab each year on average.
Clinical and Surgical Advances represented 23% of total program spending in F2022. The charity states that 230 patients are on KGH’s wait list, with an average 8-12 month wait time. KGH’s lab tests between nine and ten patients every day.
JoeAnna’s House represented 17% of total program spending in F2022. KGH Foundation provides temporary housing to families traveling to visit KGH. JoeAnna’s House has 20 guest rooms available, as well as a family kitchen, a kids’ play area, and a workout facility. 1,663 guests and 1,060 families stayed at JoeAnna’s House in F2022.
The remaining 33% of program spending covers general patient care, mental health, cancer care, covid-19, brain health, and research and innovation.
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Results and Impact
Kelowna General Hospital added an electrocardiograph to its cardiac and stroke care program and trained primary care physicians in its use. The charity states the time it takes to treat patients decreased by 20 minutes. This leads to a faster diagnosis and treatment for patients experiencing a heart attack or other cardiac event.
While Ci highlights these key results, they may not be a complete representation of Kelowna General Hospital Foundation’s results and impact.
This charity is not yet rated on impact (n/r).
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Finances
Kelowna General Hospital Foundation received $8.6m in donations and special events revenue in F2023. Administrative costs are 25% of revenue (excluding investment income), and fundraising costs are 10% of donations. This results in total overhead spending of 35%. For every dollar donated to the charity, 65 cents are available to go to the cause, which is just within Ci’s reasonable range.
KGH Foundation has $46.4m in reserve funds, which can cover 623%, or six years and three months of its annual program costs. KGH Foundation ran two lotteries in F2023. The lotteries returned $547k after expenses in F2023.
This report is an update that has been sent to Kelowna General Hospital Foundation for review. Comments and edits may be forthcoming.
Updated on July 20, 2023 by Liam Chapleau.
Financial Review
Fiscal year ending March
|
2023 | 2022 | 2021 |
|---|---|---|---|
| Administrative costs as % of revenues | 24.5% | 20.3% | 0.0% |
| Fundraising costs as % of donations | 10.4% | 3.2% | 0.0% |
| Fundraising & admin costs as % of revenues | 0.0% | 0.0% | 27.9% |
| Total overhead spending | 34.9% | 23.5% | 27.8% |
| Program cost coverage (%) | 623.4% | 1,244.8% | 356.5% |
Summary Financial StatementsAll figures in $000s |
2023 | 2022 | 2021 |
|---|---|---|---|
| Donations | 7,939 | 9,705 | 7,354 |
| Goods in kind | 160 | 30 | 68 |
| Government funding | 13 | 105 | 306 |
| Fees for service | 127 | 115 | 90 |
| Lotteries (net) | 547 | 941 | 0 |
| Business activities (net) | 823 | 964 | 509 |
| Special events | 670 | 207 | 973 |
| Investment income | 596 | 1,360 | 3,932 |
| Total revenues | 10,874 | 13,426 | 13,232 |
| Program costs | 497 | 425 | 388 |
| Grants | 6,942 | 3,286 | 10,587 |
| Administrative costs | 2,520 | 2,450 | 0 |
| Fundraising costs | 897 | 316 | 0 |
| Fundraising & administrative costs | 0 | 0 | 2,590 |
| Other costs | 0 | 0 | 0 |
| Total spending | 10,856 | 6,477 | 13,565 |
| Cash flow from operations | 19 | 6,949 | (333) |
| Capital spending | 75 | 66 | 173 |
| Funding reserves | 46,376 | 46,196 | 39,129 |
Note: Prior to F2022, the charity disclosed fundraising and administrative costs combined. Ci included government assistance, impacting revenue by $13k in F2023, $105k in F2022, and $306k in F2021. Ci reports lotteries net of expenses, decreasing revenue and expenses by ($3.8m) in F2023, ($1.3m) in F2022, and ($nil) in F2021. Ci reports business activities on a net basis and removed amortization, impacting revenue and expenses by ($2.0m) in F2023, ($1.2m) in F2022, and $16k in F2021. Ci removed amortization within JoeAnna’s House to report on a cash basis, impacting expenses by ($242k) in F2023, ($244k) in F2022, and ($245k) in F2021. Ci included goods in kind donations and removed the amount from donations.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
1 |
$160k - $200k |
0 |
$120k - $160k |
1 |
$80k - $120k |
8 |
$40k - $80k |
0 |
< $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: 250-862-4438