St. Joseph's Health Care Foundation of London
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.
80%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 80 cents are available for programs.
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OVERVIEW
About St. Joseph's Health Care Foundation of London:
St. Joseph's Health Care Foundation of London is a 3-Star Charity. It has a B+ results reporting grade, which is above average. For every dollar donated to the charity, 80 cents are available to go to the cause, which is within Ci's reasonable range.
Founded in 2004, St. Joseph’s Health Care Foundation of London (SJHCF) raises funds to invest in research, patient care, and education at St. Joseph’s Hospital (SJH). St. Joseph’s Hospital is a Catholic health care organization owned by the St. Joseph’s Health Care Society. SJHCF funds four patient care facilities: St. Joseph’s Hospital, Parkwood Institute, Mount Hope Centre for Long Term Care, and Southwest Centre for Forensic Mental Health Care. SJHCF also funds the Lawson Health Research Institute, which focuses on research to improve patient care at SJH.
In F2023, SJHCF raised $18.0 million and granted $9.6 million to St. Joseph’s Hospital. SJHCF funds two core programs: Research and Patient Care.
Research represented 65% of program costs in F2023. SJHCF grants to the Lawson Health Research Institute to improve patient care at SJH. The charity states Lawson is ranked the eighth best research institute in the country. In F2023, SJH had 486 ongoing clinical trials. The charity collected 1,050 tissue samples from patients to improve breast cancer research in F2023.
Patient Care represented 35% of total program costs in F2023. SJH reports it received 787,000 patient visits and performed 23,000 surgeries in F2023. The charity provided funds to expand the Ivey Eye Institute. This expansion allowed 2,000 patients to receive vision saving surgery in F2023. The Parkwood Institute is a 402-bed healthcare facility that offers rehabilitation services to older adults, veterans, and patients who suffer from mental health. SJH provided over 300 meals to Canadian war veterans in F2023. The Mount Hope Centre for Long Term Care is a 394-bed home that provides care for the elderly. The Southwest Centre for Forensic Mental Health Care is an 89-bed building that provides assessment, treatment, and rehabilitation to those with mental illnesses.
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Results and Impact
The Lawson Health Research Institute discovered a new way to treat C. difficile infection. C. difficile is a germ that causes diarrhea and colitis in the colon. The research team receives donated feces from healthy donors and puts it into a pill for patients to eat. The healthy feces boosts the immune system of patients and improves gut health. SJH adopted this research innovation and reports a 96% cure rate through the fecal transplants.
While Ci highlights these key results, they may not be a complete representation of St. Joseph’s Health Care Foundation of London’s results and impact.
This charity is not yet rated on impact (n/r).
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Finances
SJHCF received $15.6m in donations and special events revenue in F2023. This is a 91% increase compared to F2022 where the charity received $8.2m in donations and special events revenue. SJHCF ran a lottery which returned $1.8m after expenses in F2023. Administrative costs are 14% of donations (excluding investment income), and fundraising costs are 6% of donations. This results in total overhead spending of 20%. For every dollar donated to the charity, 80 cents are available to go to the cause, which is within Ci’s reasonable range.
SJHCF has $109.2m in reserve funds in F2023. Its reserve funds can cover 1139%, or 11 years and five months of its annual program costs.
This charity report is an update that has been sent to St. Joseph’s Health Care Foundation of London for review. Changes and edits may be forthcoming.
Updated July 24, 2023 by Liam Chapleau.
Financial Review
Fiscal year ending March
|
2023 | 2022 | 2021 |
|---|---|---|---|
| Administrative costs as % of revenues | 14.3% | 21.1% | 16.2% |
| Fundraising costs as % of donations | 6.0% | 9.8% | 6.2% |
| Total overhead spending | 20.4% | 30.9% | 22.4% |
| Program cost coverage (%) | 1,139.0% | 1,728.7% | 1,364.1% |
Summary Financial StatementsAll figures in $000s |
2023 | 2022 | 2021 |
|---|---|---|---|
| Donations | 14,934 | 7,286 | 10,012 |
| Government funding | 0 | 196 | 489 |
| Lotteries (net) | 1,794 | 1,955 | 1,858 |
| Special events | 644 | 886 | 514 |
| Investment income | 559 | 4,666 | 12,066 |
| Other income | 71 | 40 | (7) |
| Total revenues | 18,001 | 15,028 | 24,932 |
| Grants | 9,588 | 6,007 | 7,175 |
| Administrative costs | 2,501 | 2,186 | 2,084 |
| Fundraising costs | 939 | 800 | 649 |
| Total spending | 13,028 | 8,993 | 9,907 |
| Cash flow from operations | 4,973 | 6,035 | 15,025 |
| Capital spending | 0 | 0 | 0 |
| Funding reserves | 109,209 | 103,843 | 97,869 |
Note: Ci included grants within expenses in the amount of $9.6m in F2023, $6.0m in F2022, and $7.2m in F2021. To report on a cash basis Ci adjusted for deferred revenue, impacting revenue in the amount of $71k in F2023, $40k in F2022, and ($7k) in F2021. Ci backed out expenses from lotteries to report on a net basis. Ci removed amortization from expenses on a pro-rata basis in the amount of $12k in F2023, $9k in F2022, and $27k in F2021.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
1 |
$200k - $250k |
2 |
$160k - $200k |
0 |
$120k - $160k |
1 |
$80k - $120k |
6 |
$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
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